Our Turkish Community were recently privileged enough to hold an impromptu AMA with our CEO Owen Tao.
Below is a transcript of the AMA.
Selami: Welcome Mr Owen to our first AMA with the Turkish community!
Owen Tao: Hi guys.
Selami: We collected the questions of the community and we can start if you are ready?
Owen Tao: Yeah.
Selami: Let us start then with the first question.
What kind of partnerships can we expect from Matrix AI Network with different projects/platforms/protocols in the future? Can you give us some examples of how other projects could benefit from the Matrix AI Network?
Owen Tao: In the future, Matrix will mainly provide AI computing power, algorithms and complete solutions for other platforms. For example, in the cooperation with TEBA, TEBA uses the algorithm provided on the platform in the initial stage. In the future, when the project runs, it can also use the cheap AI.
Selami: Great! Let us go to the next question.
It is unfortunate that some projects are halfway done because developers abandon the concept because they are not able to raise the desired capital in the long run; How do you plan to make this project sustainable for its development?
Owen Tao: We have experienced a bull market and a bear market, which gives us valuable management experience. We will divide our goals into three different stages: long, medium and short, and determine different resources and safeguard measures for different stages.
Selami: Wise strategy! Let us go to the next question.
Marketing strategy is very important in a project. Thus, a project survives and becomes successful. Do you have a dedicated team that is trusted to run this strategy system?
Owen Tao: Yes, we have a good team on it.
China’s attitude towards cryptocurrencies is clear, what action did MAN coin take in the face of this situation, if not, what action will it take, does it have any strategy?
Owen Tao: Nothing special yet, Matrix is one of the most international projects in China, and we will firmly develop an international community in the future.
Selami: Great to know that!
The Chinese president said at the United Nations sustainable transportation conference that new technologies such as big data, internet, artificial intelligence and blockchain should be deeply integrated with the transportation industry to develop smart transportation, smart logistics and enable people to move more easily, is Matrix AI included in this integration? If yes, what is the role of Matrix AI in this integration?
Owen Tao: At present, Matrix has no more applications in the transportation field. One of the most relevant cooperation projects is to cooperate with Chery Auto to predict the battery failure and service life of electric vehicles through our AI technology. In the future, if we have the opportunity, we hope to participate in this field more.
Selami: Thats realy huge news! Cooperation with Chery Auto!
As the Turkish community, thank you for being with us, and do you have any plans to list on a Turkish exchange in the future? For example, on exchanges such as Paribu or BtcTürk?
Owen Tao: We would love to make it happen as conditions are ready.
Does Matrix have a fundraising plan for products on the roadmap to be shown on major exchanges in the post-marketing phase?
Owen Tao: Not yet.
When do you see MAN coin among the Top 100 cryptocurrencies?
Owen Tao: We are working on it, and wish we can make it happen soon together.
Stakers, Miners income varies a lot by pools, can it be made simpler and the rewards increase and by how much? When mining rewards will increase ?
Owen Tao: Thank you for your suggestion. We need to discuss this problem carefully and see if we can seek a better plan.
Selami: It would be great to see the mining rewards increasing!
Are you working on adding liquidity to decentralized exchanges like PancakeSwap this year? 1 billion dollars was allocated to BSC projects, will the team have BSC projects to benefit from this fund?
Owen Tao: In the future, we will make more progress and cooperation in DEX. I know that BSC’s fund may benefit some ecological projects of Matrix in the future, because the first part of our Wormhole is connected to BSC.
Selami: That is great to know. DEX will be great!
Today so many projects have joined the BSC Blockchain. In future or maybe as part of the Matrix Al Network plan will there be partnership with PancakeSwap to join BSC ? If not please explain the reason and please give some clue what the biggest partnership we are awaiting in near future ?
Owen Tao: Yes, we have some plans on BSC in the future. Mainly in the fields of Defi and NFT.
Selami: That would be amazing, because Defi and NFT projects are so popular!
Can you name a few reasons why AI will be the future of Blockchain, and why Matrix AI Network will be the leading project in this modern technology trend?
Owen Tao: Firstly, after AI is enabled, the performance of blockchain has been significantly improved, and AI is also a very important development field in the future. In the field of artificial intelligence, Matrix has a very talented team. At the same time, we wish to manage artificial intelligence through blockchain in the future, which also makes us full of infinite possibilities in the future.
Selami: A bright future for sure!
Are there any developments in the projects that you have previously announced as a partnership? For example; Smart Hospital Program, Silk Road project etc.
Owen Tao: Due to the particularity of China, the country does not allow AI to dominate in diagnosis, so the promotion of intelligent medical treatment is relatively slow. However, what we are promoting in Xinjiang, will be a powerful support for the B&R project.
Selami: Great development for OBOR!
I see MASO asa unique idea. For some newbie in the cryptocurrency universe I think they may not really understand. Can you explain what differentiates MASO NFTs with other NFT projects?
Owen Tao: In the latest plan, we renamed ‘MASO’ into ‘MANART’. ‘MANART’ is divided into two parts. One part is NFT based on Artificial Intelligence Art, which is different from NFTs created by human artists. The other part is casting Artificial Intelligence Algorithms into NFTs. Compared with traditional NFTs, MANIA gives NFT a real use value for the first time.
Selami: That is amazing!
We all know recently that DeFi and NFT are very hyped. Will Matrix AI adopt DeFi and NFT concepts? And what programs or products does Matrix AI bring to it’s community about DeFi and NFT ecosystem?
Owen Tao: MANIA, which will be launched soon, is the first platform in the world to cast AI algorithm into NFT, which will really give NFT use value. At the same time, APEX, which is about to go online, is also an algorithmic stable currency platform based on an Artificial Intelligence exchange in the Matrix ecology, which is a solid step we have.
Selami: It is really amazing to be the first platform in the world to cast AI Algorithms into NFTs! We are looking forward on it.
Does Steve Deng continue to lead the Matrix team? Are you planning a cause or conference arrangement? We want to see this.There is an investor base in the Matrix community who has long trusted and supported this project. This group wants to see Matrix at the top of the market rankings. Do you have a promise to give to the loyal audience? Finger reader wallet introduced, very nice and exciting. It could make the crypto world safer. What is the latest regarding this? What kind of marketing tactic will be applied?
Owen Tao: Yes, Steve is still the leader of our AI team. After the epidemic has passed, we hope to participate in some international meetings, continue our plan before the epidemic, and invite the community to come to Beijing to communicate with us. We hope that through some of our real efforts and with the help of the community, we can improve our rank.
At the beginning of finger vein scanning wallet, we plan to apply it to the field of NFT. With the help of this rapidly developing market, it is possible to quickly promote our technology.
Selami: Great development!
You could do your project as a scientist. Why did you combine your ideas with cryptocurrency? How will MAN owners benefit from these projects?
Owen Tao: We found that Artificial Intelligence can make blockchain better, but conversely, the Artificial Intelligence ecology built through blockchain will also have better vitality. A decentralized system needs cryptocurrency as an incentive to promote its operation and growth. In Matrix2.0, we have decentralized computing power platform and decentralized AI service platform. Whether users purchase computing power or use services, they need to use MAN as the transaction medium.
Selami: There are 0 top 100 coins (except BTC) that don’t have any global marketing.While deliveries are important, why not take a bit of advantage of the current market?
(Altcoins dropped -98% in the last bear market) Is there any plan to have more marketing in the close future?
Owen Tao: Marketing is very important and delivery is also very important. We try our best to balance the relationship between the two and hope to carry out more marketing in the future.
Selami: That would be great! To find a balance between both. Now for our last question from section 1.
How many people does Matrix have in the team? Can you explain the number and distribution of tasks?
Owen Tao: About 25 people now, including 6 AI team, 3 blockchain R & D and maintenance, 3 Smart contracts, 2 website developers, 4 community managers, 1 product, 1 operation and maintenance, 2 for business development team, and some other financial and administrative managers.
Selami: A great team with a great community. Success will come for sure!
That was part 1 , now I will open the chat for 2 minutes, you can all send your questions. Mr Tao will chose 5 questions and answer them.
Selected questions and Mr Owen Tao’s answers follow below.
Sweet: APEX release has been delayed by more than a month? Is there any new date for release?
Owen Tao: Apex has adjusted some core functions and algorithms, which is a huge function adjustment for their early design of smart contract, so it is now delayed compared to their original plan. According to the information I have obtained, it is expected to go online in 1–2 weeks.
Berat Toker: How important is the community to you? How can we collaborate or help you for the development of the project?
Owen Tao: Community is a very important part of Matrix. In the future, we hope that the community can also contribute more opinions and introduce more cooperation. When designing the business model of 2.0, we specially designed the platform to be open. Community users can build their own platform based on MANAS or MANTA, so as to give full play to their strengths to promote the Matrix services, and make profits in the process.
Buray: Do you guys feel satisfied by seeing your progresses and achievements until now, when you look back to the day when you have started this project?
Owen Tao: Looking back at our past experiences, we have indeed made some detours, but these are also valuable experiences. At present, we are optimistic and satisfied that we are gradually completing the development of the project according to the new roadmap.
Berat Toker: The project tells us that the acquisition and sale of data between participants is protected by code of conduct and how safe it is if deployed on the blockchain, but how do you handle regulations while operating on a global scale?
Owen Tao: When we can’t completely separate the ownership and use right of data, we need to consider different regulatory needs of countries to formulate different use rules. However, once the function of separating data ownership and use right is realized, we can implement unified rules on a global scale.
Erdem Eroz: Do you have a token burning plan to increase token value and attract investors to invest?
Owen Tao: Yes, we have some plans. Such as on the NFT platform, if you create a NFT on Matrix, you need to burn some MAN.
Selami: We are now at then end of our AMA!
As the Turkish community we are very thankful for your participation Mister Tao. It was a great AMA. We hope to do more AMAs in the future! We wish you and all the Matrix team much success and we will continue to support this amazing project!