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What Is Classic Matic(cMATIC)?

Classic Matic is a decentralized accelerator specialized in Binance Smart chain blockchain-based project development. It is a community-driven platform that brings investors closer together and delivers robust blockchain-based solutions. cMATIC is an ERC20 based token providing holders with unique and innovative features. Classic Matic Token (cMATIC) unleashes the power of a true utility token dedicated to its community where its unique burning mechanism is designed to reward users, whether they are traders, developers, or holders.

cMATIC is the native utility token that is used for:

• Means of payment for blockchain-based software development.
  
  Means of payment for the software subscription.
  
  Means of payment for the marketplace.
  
  Staking functions.
  
  Liquidity mining program

How Is the cMatic Network Secured?

cMatic token is based on the Binance Smart Chain and secured by the proof-of-stake (POS) consensus mechanism. This helps to protect the network against different threats, including Sybil attacks and 51% attacks.

It is also protected by a bug bounty program operated by Binance, which offers regular rewards in BNB to anyone that discovers a vulnerability on Binance Chain and its core smart contracts.