Introduction

Matr1x (MAX) is making waves as a pioneering Web3 project that merges blockchain technology with the booming realms of gaming, artificial intelligence (AI), and esports. As industries transition into the Web3 era, Matr1x comes out to offer a unique, immersive experience that captivates both gamers and crypto investors.

Central to this ambitious ecosystem is the MAX token, a digital currency that drives the platform's economy, governance, and community engagement. To know it all, let's explore this rising new Web3 project and see if it's worth a shot for you.

What is Matr1x?

Matr1x is a blockchain-based entertainment platform designed to revolutionize the way we engage with digital content. At its core, Matr1x offers a variety of Web3 games and esports products that emphasize user engagement, community involvement, and, of course, earning from it.

Its flagship game, "Matr1x Fire," invites players into a Cyberpunk-themed metaverse where they can earn rewards through Play2Earn—a concept that's redefining the traditional gaming model. So, this platform isn't just about fun and games; it's about empowering users with real ownership and participation in a decentralized digital ecosystem.

Background and History of Matr1x

The Matr1x journey began in early 2023 when a group of seasoned blockchain and gaming industry experts recognized the untapped potential of merging these two rapidly growing sectors. The first significant milestone for Matr1x was the development and launch of its flagship game, "Matr1x Fire," in mid-2023. This mobile shooting game, set in a Cyberpunk-themed metaverse, was designed to allow players to earn rewards as they engaged in the gameplay.

Later, the team released the official ERC-20 token of the Matr1x project, which shows that the project is built on top of the powerful Ethereum blockchain. Today, the token has been listed on multiple centralized exchanges (CEXs), including CoinEx, Bitget, and KuCoin, as well as on decentralized exchanges (DEXs) like Uniswap and DODO, as we speak.

Tokenomics

The tokenomics of MAX are designed to ensure long-term value and sustainability. With an initial supply of 1 billion tokens, the project has already burned 200 million, effectively reducing the circulating supply to 800 million.

The Price Change of MAX on CoinEx

CoinEx Price Chart showing the price and trading volume of MAX token w.r.t. USDT on August 10, 2024

The Matr1x project has been well-received in the market, with its MAX token showing promising performance. As of August 10, MAX tokens trade at a price of roughly $0.3163, with a 24-hour trading volume of $12.63K in USDT on CoinEx only. Besides, the net trading volume all over the market exceeds $146.3 million, according to CoinMarketCap's data on August 10.

The above chart shows that the token's price has risen 6.57% in the last 24 hours. With a maximum supply of 1 billion tokens, the fully diluted market cap of MAX is more than $312.7 million at the press time.

If you want to trade cryptocurrencies, CoinEx is a good place to find outstanding volatility and prices.

Overview:

*This information is not an investment advice.