AMA Transcript: KuCoin Official Japanese Telegram Group Ask-Me-Anything (AMA) [20 February]
Did you miss the Q&A session held between Kucoin official Japanese Telegram Community and The Matrix on February 20, 2023? Check out the full transcript below!
Nojob (仕事辞めたい), Kucoin official Japanese Telegram Community Manager, and Bitmo and グラサン(orli), certified analysts at Kucoin, are the transcripts of the Q&A with our own head of the community, Sercan MUSLU.
Nojob : To begin the AMA, Please tell us about yourself and MAN.
Sercan : Hi all,thanks for having me! I’m Sercan, Head of the Community at Matrix AI Network.
まず最初に、AMA を可能にしてくれた Kucoin とここにいる日本人コミュニティ全体に感謝したいと思います。
(First of all, I would like to thank Kucoin and the entire Japanese community here for making the AMA possible.)
The combination of blockchain technology and artificial intelligence (AI) is proving to be a powerful force that has the potential to transform many industries in the future. I believe that this is due to the unique advantages that both technologies offer when used in conjunction with each other.
Blockchain technology provides a secure and transparent way of storing and sharing data, while AI allows for the analysis and interpretation of large amounts of data in a highly efficient manner. Together, these technologies can be used to create smart contracts, decentralized autonomous organizations (DAOs), and other innovative applications that have the potential to revolutionize various industries, from finance and healthcare to logistics and supply chain management. As such, I am confident that the future of blockchain and artificial intelligence is very bright, and that we will see more exciting developments in the years to come.
As a community head at Matrix AI Network, my interest and curiosity in the field of blockchain and artificial intelligence led me to join this innovative project. With a passion for exploring cutting-edge technologies, I have always been drawn to the potential of blockchain and AI to revolutionize various industries. It was this interest that ultimately led me to the Matrix AI Network, where I have been able to engage with a vibrant community of like-minded individuals who share my passion for exploring the possibilities of these exciting new technologies.
Through my work at Matrix AI Network, I have had the opportunity to connect with experts and enthusiasts from around the world, and to learn about the latest developments in the field.
Matrix AI Network was founded in 2016 with a team of young professionals who dare to think big while no bow to failures. Not just with dreams, the Team rolls up sleeves to design and build with persistency, unlike many others. We are not perfect but we are getting better.
The Matrix 1.0 blockchain platform is the first AI-optimised blockchain platform. Low transaction speeds, lack of security, the complexity of usage, and squandered resources are four key concerns in blockchain that we address with AI technology. We built a public blockchain platform that is both functional and reliable.
The Matrix 2.0 constructs a blockchain-based AI economy based on data, computing power, and AI models. We’re building a self-evolving AI platform with aggregated processing power, safe data management, transparent data sharing, and access to an ever-growing set of on-chain AI data, models, and applications.
We are now at Matrix 3.0, which we blend neuroscience with AI and Blockchain. This is very rare in the blockchain space, and the closet one is NeuraLink driven by Elon Musk. We use EEG or brain signal for Avatar Intelligence (AvI). AvI aims to realize the scenario imagined by the Matrix films where human brain is uploaded to the Internet, or where a program identical to a user’s brain is created on the Internet. This means everyone will have his/her own digital avatar in the Metaverse. This avatar can be used to live life and do various tasks in the Metaverse under users’ authorisation. It covers 4 phases, and we are on the journey of the 1st phase.
Done. Thanks.Now let’s give the community some time to read.
Nojob : Sercan! Thank you! You have a very hot AI project going on right now! The connection with neuroscience…! It’s very grand and exciting! Wonderful!
So, let’s take the baton from me and have our analyst, Bitmo, ask you a bunch of questions! Baton change!
Bitmo : I would like to ask you a question.
Which country is the Matrix AI Network project centered on?
Sercan : Very nice question!
As a project with a global vision, the Matrix AI Network community is composed of individuals from all countries in the world who are interested in blockchain, artificial intelligence and cryptocurrencies. The number of members in the community varies according to the usage rates of blockchain and cryptocurrencies in different regions.
However, it is worth noting that the interest in blockchain and cryptocurrencies in my country, Turkiye is quite high, and naturally, we have a lot of community members from there. Nevertheless, our goal is always to reach new crypto communities in new countries, and we are constantly striving to expand our reach.
Currently, we are focused on our valuable community in Japan, and we are committed to providing them with the support they need to fully realize the potential of blockchain technology. Regardless of where our community members are located, we are dedicated to building a decentralized, secure, and efficient artificial intelligence ecosystem for everyone.
We invite everyone who is interested in this project and wants to work with us to become a manager or ambassador in the JP group. Your support will enable our project to be discovered and disseminated by more people, and it will also give us great strength to have the Japanese community involved in this project.
Here is our newly opened group, please join.
Nojob : Okay, Bitmo, next question!
Bitmo : What are the main partner companies（partnerships of the Matrix AI Network?
Yes, good question. Partners are very important for a project.
Sercan : Matrix AI Network has several major partnerships in different areas and two of the key partnerships are with OBOR and TBEA. OBOR (One Belt One Road) is a massive initiative led by the Chinese government that aims to connect countries along the ancient Silk Road to create a platform for multilateral cooperation.
Matrix AI Network is working with TBEA at OBOR, China’s largest project, to provide predictive maintenance technology for large machines used in the startup’s infrastructure projects. Matrix uses IoT to create a predictive fault alarm system for highly advanced maintenance that can save up to $1.5 billion in maintenance costs each year.
On the other hand, Matrix has also partnered with TBEA (Tebian Electric Apparatus Stock Co., Ltd.), a Chinese technology company specializing in the manufacture of power transformers and other electrical equipment. offers AI technology to TBEA, which will significantly reduce costs while guaranteeing The two companies are working on a pilot project to create a completely unmanned coal mine using 5G, IoT, AI and robots. Matrix is building the blockchain network for artificial intelligence and data collection in this project.
In addition, Matrix is also working with several major electric power companies, including China Huadian Corporation and China Guodian Corporation in Xinjiang, to provide artificial intelligence solutions such as smart power generation and predictive maintenance.
Matrix hopes to connect its mainnet to the computing power grids built by these companies in Xinjiang; This will broaden revenue streams for companies involved in building these networks and help them avoid wasted resources by increasing the tolerance for temporary demand volatility. Matrix envisions a larger market share for MANAS and MANTA by incorporating all these business partners in Xinjiang into its ecosystem.
We have created a detailed Gitbook that contains all the information you need to know about the MATRIX AI, including its goals, features, and how you can get involved. You can access the Gitbook at https://docs.matrix.io/ . We encourage you to check it out and learn more about our project.
Nojob : Wow, Matrix is already being used in the real world in China and has already made tremendous achievements!
1.5 billion USD in savings… that’s a tremendous amount of money!
I really hope that Japan will take up Matrix in this field and make progress!
We hear a lot about projects in development, but we feel there is a big difference between having a proven track record and not having one!
Sercan : Yes, that’s why we’re transparently sharing all our progress on the project with our community.
OBOR (One Belt, One Road) or BRI (Belt and Road Initiative) is a global infrastructure and investment project led by the Chinese government. Within the scope of this project, it is planned to build new ports, railways, highways, airports, power plants and other infrastructure facilities in many countries.
While the total cost of the OBOR project has not been clearly determined, it is estimated that the project could cost $1 trillion or more. However, project financing may vary according to the economic conditions, preferences and needs of each invested country.
Nojob : Thank you Sercan! A project about global infrastructure… it’s so grand, it’s astonishing! I understand very well! Thank you!
Bitmo : I would like to ask you the next question. This is what worries me the most.
There are 3.45 million Wachlist registrations on Coinmarketcap. This is more than Ethereum, which has the second largest market capitalization. Why do you think there are so many registrants?
Please tell us your opinion on the project side.
Sercan : It’s impressive to see that Matrix AI Network has a significant number of Watchlist registrations on CoinMarketCap, surpassing even Ethereum, which is one of the largest cryptocurrencies. In my opinion, this is due to several factors that make the project stand out.
Firstly, Matrix AI Network’s blockchain and AI technology is designed to work seamlessly with multiple industries, including gaming, nft, metaverse,web3, finance, security, logistics, and more. This versatility has attracted many users who are looking for a AI services and blockchain platform that can accommodate their specific needs.
Secondly, Matrix AI Network has actively partnered with many ecosystem players, including those in the gaming industry, to drive adoption and awareness of the project. For example, the project held a successful NFT airdrop event, which was promoted by its marketing team and reached millions of people. This kind of engagement with the community helps to build a strong user base and create buzz around the project.
Lastly, Matrix AI Network has also capitalized on the growing popularity of artificial intelligence, gaming, and NFTs. By offering innovative solutions that cater to these trends, the project has attracted many users who are interested in cutting-edge technology and are willing to explore new opportunities.
Overall, the combination of a versatile blockchain platform, active ecosystem partnerships, and cutting-edge AI solutions has made Matrix AI Network an attractive option for many users, resulting in a high number of Watchlist registrations on CoinMarketCap.
In addition to the factors mentioned above, Matrix AI Network has also put significant effort into content marketing to educate potential investors and users about the project’s goals and vision. The team has created a variety of content, including blog posts, videos, and social media updates, that explain the project’s technology and its potential applications in different industries.
This content marketing strategy is essential in today’s fast-paced digital landscape, where users are bombarded with information from various sources. By creating high-quality content that is easy to understand and engaging, Matrix AI Network can stand out and connect with its target audience effectively. The project’s marketing team has been successful in creating content that resonates with its community, sparking discussions and interest in the project.
Through its content marketing efforts, Matrix AI Network has also highlighted the importance of AI technology in driving innovation and growth across different industries. By demonstrating how its blockchain and AI technology can address real-world problems, the project has garnered support from a diverse range of users, including investors, developers, and industry leaders.
Furthermore, Matrix AI Network’s content marketing strategy has also provided transparency and clarity to its community by explaining its development roadmap and progress updates. By keeping its users informed regularly, Matrix has built trust and reliability, which is crucial in the highly competitive blockchain and cryptocurrency space.Our ecosystem partner has had a successful NFT airdrop. This was one of the conditions to participate in the airdrop.
Done thanks. It’s been a little long. I think it would be good to give some time for our community to read.
Nojob : Well, now I understand why CMC has so many registered members.
As you mentioned earlier, you really did a spectacular marketing campaign around the world because you have communities all over the world.
So, in addition to your marketing ability, the AI craze has led to a tremendous number of registrations, interesting!
Bitmo : Thank you！Thank you for your detailed answer. I am satisfied with the number of subscribers. listen straight！
What will happen to the price of MAN as it progresses according to the roadmap for the future of Matrix AI Network?
Please let me know what you think of the project.
Sercan : As a community leader of Matrix AI Network, I am optimistic about the future of the price. Matrix AI Network aims to combine AI and neuroscience with blockchain technology to create a more efficient and secure platform for various applications. The team has a clear roadmap for the future development of the project, which includes exciting features such as the integration of GPT algorithm, advanced AI capabilities, Avatar Intelligence (AvI) .
Regarding the question about the price of MAN, I must clarify that I cannot predict the future price of any cryptocurrency. The price of MAN, like any other cryptocurrency, is subject to market conditions, demand and supply, and several other factors. However, as more developments are made in the project, it is likely that the price of MAN will reflect the progress of the project.
It is important to note that according to research, the market size for the global digital human avatar is expected to reach 527 billion dollars by 2030, and Matrix AI Network is well-positioned to tap into this potential. As the pioneer in combining artificial intelligence and neuroscience with blockchain technology, Matrix AI Network has a unique value proposition, which is expected to set it apart from other projects in the space. And we are pioneers and it seems we are the only one with BANG.
In summary, the future looks promising for Matrix AI Network, and as the project progresses according to its roadmap, the market will likely reflect this progress. Frankly, we aim to get a big share of this big pie.
Bitmo : Thank you. After hearing the opinions of the project side, expectations have risen significantly.
Nojob : I’ll put it up here MAN!
You can check the number of registrations above in the Watch list section.
In my personal opinion, I think this market value is too cheap for the idea of the project.
Bitmo : I agree！
Nojob : Sercan you’re in the groove too! Bitmo, keep on throwing! Lets go!
Bitmo : What do you think about the lifting of the ban on cryptocurrencies in China?
Eric CHOY (Matrix CMTO) : Blockchain as a technology is highly encouraged by the state. however, i dun think the ban on cryptocurrency will be lifted any time soon especially in a global political and economic situation like now.
Sercan : The only constant is change itself. I think the whole world will adapt to this new technology, even if it takes time. Very positive news about crypto started to come from China. Hongkong is leading the way. This is promising.
Eric CHOY (Matrix CMTO) : China will make use of HK as a strategic window for such or as a sandbox. as a matter of fact, HK government is very active in promoting Web 3, blockchain etc. Our Foundation is based in HK as we foresee this.
Bitmo : Oh! Cool! sounds good!! Thank you！
Nojob : You have strong information in that area.I look forward to more news on China and Hong Kong in the future! Looking forward to it! Bitmo, next question please!
Bitmo : Do you have plans to list on a major exchange in the near future?
Eric CHOY (Matrix CMTO) : That is for sure.
Sercan : Yes, there will be many exciting developments for our community. Don’t forget to turn on your notifications. Stay tuned..
Bitmo : It was difficult to answer, but thank you for your answer.
Nojob : Mr. Bitmo! Thank you so much! Very good questions and you got what we were wondering about out of Sercan! Quintessential!
Now we’ll move on to the community’s preliminary questions section.
I will ask Mr. Sercan a selection of questions that I have collected in advance.
What you can do with Avatar AI ?
Sercan : Nice question..
Avatar AI technology has advanced significantly in recent years, and with the development of Matrix 3.0, users will be able to create highly personalized and customizable avatars using their brain wave data. These avatars can then be used on any Metaverse platform, enabling users to engage in a variety of virtual experiences.
First of all, I must say that you can train your AI avatar with the artificial intelligence of the Matrix, and your avatar will completely integrate with you.
Here are some of the things you can do with Avatar AI:
Personalize your online presence: With Avatar AI, you can create a virtual representation of yourself that closely matches your physical appearance and personality. This can be used to enhance your online presence and improve your interactions with others on various platforms.
Engage in virtual socializing: You can use Avatar AI to engage in virtual socializing on various Metaverse platforms. You can attend virtual events, meet new people, and participate in social activities.
Virtual commerce: Many businesses are now creating virtual storefronts, where users can browse and buy products in a virtual environment. With Avatar AI, you can create an avatar that represents you and use it to shop and engage with virtual storefronts.
Gaming: Avatars have been an integral part of the gaming experience for years, and with Avatar AI, the possibilities are even more extensive. You can create an avatar that closely resembles you and use it to play games with others in a virtual environment.
Virtual education: With the recent growth of remote education, many educational institutions are turning to virtual classrooms to provide a more interactive learning experience. With Avatar AI, you can create an avatar that represents you and participate in virtual classrooms.
Overall, Avatar AI has the potential to revolutionize the way we interact with each other in virtual environments. With its advanced technology, users can create highly personalized and customizable avatars that can be used in various applications, from socializing to commerce to education.
You can find much more on our website and our roadmap reflecting our vision.
Nojob : This is connected to what you were saying earlier about brain science.
Truly, a world like Sword Art Online is on the way! It’s too good to be true!
Now for my next question.
What exactly are the differences and advantages of Matrix 1.0 and Matrix 2.0 solutions?
Sercan : The Matrix 1.0 blockchain platform is the first AI-optimised blockchain platform. Low transaction speeds, lack of security, the complexity of usage, and squandered resources are four key concerns in blockchain that we address with AI technology. We built a public blockchain platform that is both functional and reliable.
The Matrix 2.0 constructs a blockchain-based AI economy based on data, computer power, and AI models. We’re building a self-evolving AI platform with aggregated processing power, safe data management, transparent data sharing, and access to an ever-growing set of on-chain AI data, models, and applications.
The main differences and advantages of Matrix 1.0 and Matrix 2.0 are:
Consensus mechanism: Matrix uses a DPoS+PoW consensus mechanism, while Ethereum 1.0 uses PoW, and Ethereum 2.0 uses PoS. This means that Matrix is more energy-efficient than Ethereum 1.0 and has faster block confirmation times than Ethereum 2.0.
Algorithm combination: Matrix uses a combination of hash and AI algorithms in its PoW consensus mechanism, which makes it more efficient than Ethereum, which uses only hash algorithms.
Transaction throughput: Matrix has a higher TPS than Ethereum, with a throughput of over 12,000 transactions per second, compared to Ethereum’s 15 TPS.
IPFS distributed storage: Matrix has deployed IPFS distributed storage on-chain, which means that data can be stored in a decentralized manner, making it more secure and reliable.
Various types of transactions: Matrix supports various types of transactions, including one-to-many transactions and fixed-time transactions. Designated accounts can also charge gas fees.
Multiple mainnet coins: Matrix supports multiple mainnet coins, which can be used to pay gas fees or issue corresponding tokens.
Open AI service platform: Matrix 2.0 is an open AI service platform based on Matrix 1.0, which provides features such as MANTA and MANAS.
MANTA: A distributed AI computing power platform responsible for running AutoML features (e.g. AIRTIST algorithms) and producing computing power through the mining nodes on the Matrix Mainnet.
Data and Algorithms As Assets: This is a platform where users can upload their personal data and AI services they have trained to be converted into NFTs to trade on different platforms.
Overall, the main advantages of Matrix 1.0 over Ethereum are its more energy-efficient consensus mechanism, higher transaction throughput, and decentralized storage. Matrix 2.0 builds on these advantages by providing an open AI service platform, which allows for the deployment of AI algorithms on the Matrix Mainnet and the trading of data and AI algorithms as NFTs.
Nojob : The amount of information is so great that I’m starting to get a headache!
Don’t worry, all of this area will be covered in a later article!
I could see the breadth of applications for AI!
Now for my last question.
What are your main goals for 2023?
Sercan : Our main goal in 2023 is to successfully deliver the works we have specified in our roadmap. These are briefly as follows.
Connecting to third-party semantic recognition module: The project aims to integrate with third-party semantic recognition modules to expand its capabilities and provide better value to its users. Transition of phonetic and semantic recognition to standard languages: The project aims to transition its phonetic and semantic recognition to standard languages to improve its compatibility with a wider range of applications and devices.
Open computing power access for pre-launch testing: The project aims to provide open access to its computing power for pre-launch testing to improve its overall performance and to gather feedback from early adopters.
Cross-chain settlement and access system: The project aims to implement a cross-chain settlement and access system, which will likely involve working with other blockchain networks to allow for seamless transactions across different networks.
Ports for the cross-chain use of computing power: The project aims to implement ports for the cross-chain use of computing power, which will allow other networks to utilize the project’s computing power.
Launching the first application for brain wave data analysis and preliminary modeling: Our project aims to launch the first application for brainwave data analysis and premodeling, which will include working with experts in neuroscience and related fields.
Additionally, our project plans to continue updating its core functionality with 1.0 and 2.0 patch updates, and we plan to announce new ecosystems and partnerships in 2023.
Nojob : Thank you! That concludes our community questions!
We will now begin our live questions.
We’re going to take questions for three minutes right now! Thank you!
I understood its revolutionary project well!
For me, as indivisual invester, I’d like to ask more about its features of Tokenomics.
Ex. MAN is mainly used for the gas? or PoS? Or some MAN will be burnt per every transaction?
Sercan : We have been using $MAN coins for fast and secure transfer, staking, mining, and trading on the AI-Powered Matrix Blockchain for 4 years. In Matrix 3.0, the use of MAN coin is expanding.
The MAN coin is the Universal Pass in the MATRIX AI Network.
In the Matrix AI Network, MAN coins are used for rewarding, payment and digital asset authentication.
Block-generating miners, transaction validators, and participants in the MATRIX ecosystem have the privilege to earn MAN tokens as a reward
From leasing spare computing power to purchasing AI services, on MATRIX AI Network everything is paid in MAN.
DIGITAL ASSET AUTHENTICATION
The process of converting computing power, algorithmic models, or AI artworks into digital assets involves burning a required number of MAN in the forging of NFTs.
同じAI分野でCHAT GPTが今すごく話題になっていますが、MAN×CHAT GPTで現状何かプロジェクトは考えられていらっしゃいますか？
(In the same AI field, CHAT GPT is a hot topic right now, but are you currently thinking of any projects with MAN x CHAT GPT?)
Eric CHOY (Matrix CMTO) : We do have the capability to train something like ChatGPT. You can refer to our latest Bi-Weekly Report. the reason that we work on something similar is NOT to compete with ChatGPT, but to show we have the infrasture to support the training and computing. I can give me a screen shot of this product, and we called it Morpheus.
だいや @Daia_z :
Matrix 3.0 で説明されていることを達成する専門家がチームにいますか?私が理解しているように、これは非常に難しい作業です。科学者と協力することを考えていますか？
Do you have the experts on your team to accomplish what the Matrix 3.0 things? As I understand it, this is a very difficult job. Thinking of collaborating with scientists?
Eric CHOY (Matrix CMTO) : very good question. Yes we do. We have AI expert and we will have Neuroscience-related too.
Tomorrow, i will be shooting an AMA with a neuroscience expert. stay tuned with the release of the video
Nojob : Thank you! This concludes our live Q&A session!
We’ll be contacting the winners of this campaign again, so please respond!
Thank you both so much for your very thorough answers! You’ve made me very interested in MAN today! I look forward to your future presentations and more!!!
Finally, any last words, please! @sercanmatrixai
Sercan : I’m so glad we did this AMA. Thank you to all the valuable Kucoin Japan community.
Stay tuned and prepare for the next phase of MATRIX development.
Nojob : Thank you so much for your time here!
You were really thorough in your response, and it shows the honesty and sincerity of Matrix AI!
Bitmo : Thank you for today. Stay tuned for upcoming projects and announcements
I also hope that the AMA will be possible.
Telegram : https://t.me/matrixainetwork
Telegram News: https://t.me/matrixainetwork_news
Coinmarketcap : https://coinmarketcap.com/community/profile/matrixainetwork
Nojob : I’m sure today’s AMA got a lot more people interested in MAN!
Thank you for this valuable opportunity! A big round of applause to the MAN people .
Well, I think we’re done here! And a big thank you to all of you in the community who participated in today’s AMA! We look forward to working with you again in the future!