Binance Announces $20 Reward For Experimenting With Matic Network’s Crypto Wallet


Binance Announces $20 Reward For Testing Matic Network's Crypto Wallet

Matic Network is an Indian blockchain transaction solution which promises to be scalable and fast as per the market standards. The Matic Network has teamed up with Binance to promote and test its crypto wallet. Matic in association with Binance has announced a bounty programme which would reward the users with $20 in Matic coin. In order to stand a chance to win the $20 voucher, a user needs to signup for the Matic programme and download the wallet. A user needs to execute at least one transaction on the Matic wallet in order to stand a chance to win the voucher.

Matic will select 3,000 random users for the bounty programme which is underway and ends by May 4th. Matic also launched its native token through the Binance Launchpad which is a sidearm of Binance specialized for token sales. The Matic token is up by 66.8% since its launch and a total of 1,900,000,000 was offered through the token sale, which is 19% of the total circulation supply.

What Does Matic Network Bring To The Table

As per the information available on the Matic's website, the blockchain powered network is aiming to become the choice of developers for deploying of decentralized applications which are in trend in the decentralized ecosystem. The platform leverages Ethereum as the second-layer scalability solution to help it handle off-chain transactions. Apart from that, Matic also makes use of Proof-of-Stake consensus and leverages a Plasma Framework on its network.

The website description reads,

“Matic Wallet is a production-ready Plasma wallet with WalletConnect natively integrated, which can be used by end-users to seamlessly interact with dapps on the Matic Network,” states the Matic team. “Developers can offer a user-friendly option to their dapp users, which enables them to keep their private keys on mobile.”

Binance Is Creating A Decentralized Empire Of Its Own

Binance is primarily known for its crypto exchange which also happens to be the largest and most trusted in the decentralized community. The reason being, Binance does not resort to unethical trading manipulation and fudging of numbers to show an inflated volume. However, Binance is more than just a crypto exchange, as it has various sidearms like the Binance Academy which provides relevant and necessary information on various topics related to blockchain and crypto space.

Apart from that it also has a token sale platform in the form of Binance launchpad which is being used extensively by many new entrants to launch their respective tokens. Recently the firm also announced its decentralized exchange which also helped its native token BNB to reach an all-time high price. Thus, its quite evident that Binance is focused on the long term goal and looking at their current progress, they are setting a decentralized empire of their own.

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