Recapitulation of DATA MATRIX PROJECT AMA event held at AMA LOVERS CLUB.
Date: Thursday, 11th March, 2021
Time: 16:00 UTC
The DATA MATRIX PROJECT team was represented by @AndrewDMT who judiciously shared with us detailed knowledge and information about DATA MATRIX PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the Team working on the DATAMATRIX project?
ANS: Hi again to all. I’m Andrew, DataMatrix CEO. I went to Melbourne University got IT degree, then worked at tech companies.
Got introduce to the crypto around 2014. While I was there working, me and other founders notice the problem in the centralization of data layers inside of blockchain. And then we made the idea of datamatrix
Team has 9 members in which 2 main Dev's are rest all influencers of the crypto community.
Q2: Can you introduce the DATAMATRIX project, what critical problems does it solve that existing solutions are not solving and what's the competitve advantage?
ANS: Datamatrix is an open contract that facilitates the governance of data used in decentralized blockchain systems. It functions as an open standard for data handling and data management.
Our main goal is to become the data layer for decentralized applications.
So developers can focus on shipping applications and don’t need to worry about the integrity of data they rely on, all with strong economic incentives to all the parties involved.
Well we don't have any competitors and this is one of a kind project, or we can say that there is no competitor covering the full scope of what we are upto.
Q3: What do you offer that differentiates Data matrix?
ANS: There is major difference in management and governance
Using DataMatrix, Data providers do not need to change their core business model or backend infrastructure to become accessible to smart contracts because Datamatrix can handle API password keys in an external adapter.
So they can simply place their API password key in the external adapter and immediately start delivering that data on-chain.
Data providers prefer this model, especially initially, as they can capture more revenue without expending any time, resources, or money on complex blockchain integrations.
Which makes us interesting.
Q4: Can you briefly describe the Top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: 1) Concept finalization and technical documentation is complete
2) Front-end interfaces release in 2 months (SNEAK PEAK RELEASED)
3) Community is launched and growing
4) Audit is coming soon
5) Partnerships are ongoing
PRIVATE SALE CLOSED IN 3 DAYS
Website has brief description about roadmap
And yes public sale starts tomorrow. Exciting day😊😊
Q5: Can you briefly describe your PARTNERSHIPS?
ANS: Well we are in talks with few but since nothing is finalised we can't just pull out names. But this month is going to be very exciting.
Q6: Finally on this segment, Can you give an overview of your Tokenomics, and the UTILITY of the DATAMATRIX token?
ANS: Well the utility of DMT is
Circulation Supply: 21,000,000 DMT
📌Private sale: 1050000 DMT
📌Public sale: 4200000 DMT
📌Listings and liquidity: 2520000 DMT (lock 2 months)
📌Staking: 5250000 DMT (lock 2 years)
📌Team: 4200000 DMT (lock 2-6 years)
📌Development: 2100000 DMT (lock 2 years)
📌Marketing: 1680000 DMT (used over few years)
But now we are thinking to lock for 2 years the liquidity i mean.
2nd Segment: LIVE Questions
Q1: Nowadays NFTs are getting more popular. Most of the project now offering NFTs. What do you think about NFTs? Do you guies have NFTs in your project or do you guies have any plan to include NFTs in DATA MATRIX?
ANS: DMT is a different project and not associated with NFTs.
Q2: Token burn is important for investors, do you have any plan burn or buy pack?
ANS: All unsold tokens will be burnt😃😃
Q3: Datamatrix allows any smart contract to easily consume data, what is its main functionality? And how does it guarantee the integrity of the data?
ANS: The term MATRIX came from that only as the algorithm used to store the data provided by users is only accessible to them and even DataMatrix wouldn't have access to them.
We will be using the IP address and unique identifiers stored in your device's cookies to help us authenticate your identity.
The most effective way to improve data quality, and avoid the associated costs of bad data, is to institute better data management practices.
DataMatrix Data Governance Working Group will create policies based upon the program goals in the Governance Groups.
These Policies will be approved by the Steering Committee before enforcement and it will be ensured that all the users adhere to the policies. So the prime focus is data quality.
Hence, the policies will be documented and communicated to all the Users.
Q4: The presale is tomorrow is there a purchase limit, how much can I buy and how do I participate in the presale, please send the link?
ANS: Well 0.5 is min and 10eth is the max limit.
Rest details will be shared tomorrow.
Q5: Sir i have a one que,we know that Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Does you have any special plans to attract and expand the community and improve the user experience?
ANS: Well DataMatrix is totally community driven project. The community plays key role in dataset creation and in the TCR section and in return the community members get rewarded for their valuable votes in the whole process.
It is not possible to get a valuable and quality data without the community. The rewards the community gets is a self driven enthusiasm for widening of DataMatrix to more consumers.
Haha that’s kind of you! Thanks for inviting me today for AMA. You have a vibrant community!
You deserve the honours ser. Over to you for choosing lucky winner/winners 😇
Do you have a detailed guide on how we can participate in the presale?
Well yes but we will release that tomorrow
𝙏𝙝𝙖𝙩'𝙨 𝙞𝙩! 𝙆𝙞𝙘𝙠𝙞𝙣𝙜 𝙤𝙛𝙛 𝙤𝙪𝙧 𝙤𝙛𝙛𝙞𝙘𝙞𝙖𝙡 𝙥𝙪𝙗𝙡𝙞𝙘 𝙨𝙖𝙡𝙚
Public sale starts on 12-Mar-2021
1DMT = 0.00006 ETH/Token
Listing price = 0.00024 ETH/Token
Listing date = 17/3/2021
Exchange : Uniswap
Process - First Come First Serve🙏🙏
Public sale address will be shared later
ETH to be sent from wallet that supports ERC-20 tokens
Follow Us On Our Various Social Media Communities For More Update;
🌐 Website: https://www.datamatrixtoken.com
💬 Discussion Group: https://t.me/DataMatrixToken
🗒 Whitepaper: https://datamatrixtoken.com/Whitepaper.pdf
💬 Telegram: https://t.me/DataMatrixtokenannouncements
🐦 Twitter: https://twitter.com/DataMatrixtoken
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