04-04-2021 LIVE A.M.A WITH Mr OWEN TAO CEO OF MATRIX AI NETWORK Selami Sahin, [04.04.21 18:02]
Welcome to this Ama!
Selami Sahin, [04.04.21 18:03]
Community have a lot of questions for you, i will try to ask some of them!
Selami Sahin, [04.04.21 18:03]
Are you ready mister Owen?
Owen Tao, [04.04.21 18:04]
Hi everyone, its Owen here, ready for your question:)
Selami Sahin, [04.04.21 18:05]
Thank you very much!
Selami Sahin, [04.04.21 18:05]
Maybe we start about this question
Owen Tao, [04.04.21 18:05]
im ready Selami
Selami Sahin, [04.04.21 18:05]
Can you please give us more details about the cooperation with Kbci, Korean blockchain institute ? What we need to understand about this cooperation?
Owen Tao, [04.04.21 18:08]
The first project for us is building the ‘China Korea Industrial Park together, we will offer the AI and blockchain tech support to the project in smart city, intelligent industry and so on. And also, we will be participate in more project in AI and blockchain industry in Korea with KBCI. Matrix is an international project, we need to explore our market, Korea is a very good market for us, and in the future, we wish our tech will serve the people all over the world.
Selami Sahin, [04.04.21 18:09]
Thats amazing news!
Selami Sahin, [04.04.21 18:10]
Lets continue !
Selami Sahin, [04.04.21 18:10]
How far we are now with the coorporation with Tbea ? Smart coal mining project?
Owen Tao, [04.04.21 18:14]
ready for the next 1
Selami Sahin, [04.04.21 18:14]
yes thanks!
Owen Tao, [04.04.21 18:15]
The smart goal is a 3 years cooperation with TBEA, we have finished the engineering design and network architecture design, the next stage we will begin the engineering construction and core algorithm training work.
Selami Sahin, [04.04.21 18:16]
thats impressive!
Selami Sahin, [04.04.21 18:17]
Another question that many of us wants to know!
Selami Sahin, [04.04.21 18:17]
Is Matrix still involved in the Obor project ?
Owen Tao, [04.04.21 18:21]
Yes, we have some projects in Xinjiang province, those are basic parts of OBOR project.
Selami Sahin, [04.04.21 18:21]
thats good to know that Matrix is still involved in this great project!
Selami Sahin, [04.04.21 18:21]
lets go to the next question!
Selami Sahin, [04.04.21 18:22]
A very hot topic those days are the NFT!
Selami Sahin, [04.04.21 18:23]
When Matrix will release its first NFT projects ? And what kind of Nft ?
Owen Tao, [04.04.21 18:23]
It should be by the 2nd half of this year, the first one should be AI art – arts created by artificial intelligence.
Selami Sahin, [04.04.21 18:24]
Wow thats huge news!! i think Matrix will be the first one on this field! Ai art created by AI!
Selami Sahin, [04.04.21 18:25]
Can you make a step by step Medium guide how to swap? If they follow the steps will coins be swapped instantly or is there still a manual process needed by Matrix?
Owen Tao, [04.04.21 18:26]
Yes, we will offer a detailed swapping guide. Its still a manual process right now.
Selami Sahin, [04.04.21 18:27]
Whats the reason that some people still didnt get the swapped Man coins? Where they can send an email ? Can you soon look into it please?
Owen Tao, [04.04.21 18:30]
If you dont finish your swap, please send a mail to tokenswap@matrix.io, our staff will deal with that.
Owen Tao, [04.04.21 18:31]
please dont be worry, each transaction for swap will be done correctly.
Selami Sahin, [04.04.21 18:31]
Thats good to know! Nobody need to worry then!
Selami Sahin, [04.04.21 18:32]
Lets go to the next question!
Selami Sahin, [04.04.21 18:32]
There are almost no updates on Github! When do we get many daily/weekly updates on Github?
Owen Tao, [04.04.21 18:32]
We will resume daily updates very soon, mostly on AI services and the NFT parts.
Selami Sahin, [04.04.21 18:33]
Thats great to know! Soon more updates on github!
Selami Sahin, [04.04.21 18:34]
Another important question, that many of the members asked is:
Selami Sahin, [04.04.21 18:34]
Do we have any update about the huobi swap? Why Matrix dont put a deadline for this swap?
Owen Tao, [04.04.21 18:35]
Not a deadline yet, the huobi has offered some new requirements and we are trying best to meet all of them soon.
Selami Sahin, [04.04.21 18:36]
Thats a good update then! I hope not so hard requirements!
Selami Sahin, [04.04.21 18:36]
Another question that apoc holders asking lot:
Selami Sahin, [04.04.21 18:36]
A while ago you told that you find the bug in the apocs , is it now fixed ? Because not all apocs working? Any time frame when this will get fixed ? And when apoc holders will get a compensation?
Owen Tao, [04.04.21 18:41]
We have find a bug and fix it, that has already make most of the apocs work normally. But I think there is still some problems with the network in Xinjiang miner factory. They will increase bandwidth recently. And if the problems still exist, the miner company will move them to a new factory.
Owen Tao, [04.04.21 18:41]
And also, I will ask the miner company to offer the plan for compensation ASAP.
Selami Sahin, [04.04.21 18:41]
Very good news for all the apoc holders!
Selami Sahin, [04.04.21 18:42]
Keep us updated please!
Selami Sahin, [04.04.21 18:42]
Lets move to the next question!
Selami Sahin, [04.04.21 18:42]
In the last Ama’s we seen that many ai services will get paid in Man coins, and what will happen to this man coins ? You plan to burn it after ? So the supply will always decrease then?
Owen Tao, [04.04.21 18:44]
We can’t burn all of these MAN coins, because they will be sent to the miners who have offered computing power and the AI scientists who created the AI services. If the services is created and provided by Matrix team, that parts of MAN will be burned.
Selami Sahin, [04.04.21 18:45]
So a part of the man coins will get burned! Thats amazing!
Selami Sahin, [04.04.21 18:46]
Another hot topic are those DEFI projects!
Selami Sahin, [04.04.21 18:46]
Matrix have any plans about a Defi project ?
Owen Tao, [04.04.21 18:47]
Yes, and we are working on the cross-chain function, we wish to connect the BSC with a great cooperative DeFi together. The cross-chain function will serve our NFT platform too in the future.
Selami Sahin, [04.04.21 18:48]
Wow amazing! So Matrix is working for a Binance Smart Chain project?
Selami Sahin, [04.04.21 18:49]
Binance Smart Chain with a Defi project together?
Owen Tao, [04.04.21 18:52]
Yes, soon BSC with a defi project!
Selami Sahin, [04.04.21 18:52]
wow thats realy huge huge huge news!!!!
Selami Sahin, [04.04.21 18:53]
lets go to the next question!
Selami Sahin, [04.04.21 18:54]
Most succesfull projects doing token burn, do you have also plans to burn some man coins ?
Owen Tao, [04.04.21 18:54]
Yes, we have some plans. Such as on the NFT plat, if you create a NFT on Matrix, you need to burn some MAN.
Selami Sahin, [04.04.21 18:55]
Thats very good for the man holders! This means that the supply will decrease! And price will increase!
Selami Sahin, [04.04.21 18:56]
lets go to the next one!
Selami Sahin, [04.04.21 18:56]
You are experienced in gaming. Will MAN incorporate NFT in the gaming industry? Does MAN intend on releasing more game apps?
Owen Tao, [04.04.21 18:59]
At the very beginning, the NFT of Matrix will focus on AI area, but we’d like to introduce some game’s elements and rules in to Matrix’s NFT platform to make it more interesting and easier to spread. In the future, we have some plan to provide services for students’ robot programming competition, that’s more like game I think.
Selami Sahin, [04.04.21 18:59]
Thats amazing to hear!
Selami Sahin, [04.04.21 19:00]
A last question and then we will open the channel , and community can drop their questions!
Selami Sahin, [04.04.21 19:01]
As we know recently a new marketing team started working, how many people working in this new marketing team , and they focus only on the Chinese market? Is it possible that you share a video of this new marketing team? Chinese market is the biggest one in the world, how you plan to do marketing in China? Whats youre targets?
Selami Sahin, [04.04.21 19:03]
After the answer on this question, i will open the channel for 3 minutes! Prepare now youre questions! 1 person can send maximum 3 questions! Mister Owen will chose 10 questions and answer, the selected questions will get rewarded with 100 man coins each ! You can dm youre man wallet adress if youre question is selected!
Owen Tao, [04.04.21 19:06]
There are 6 people in the team and responsible for different work area. The main work for them is to build a Chinese community for Matrix. They wish to attract 20,000-50,000 fans in the first year. I will ask them to come to telegram to share more information about their team later.
Selami Sahin, [04.04.21 19:06]
Yes its a great idea, to do an Ama with the marketing team soon here!
Selami Sahin, [04.04.21 19:07]
This was the first part of the Ama, thank you very much mister Owen for youre answers!
Selami Sahin, [04.04.21 19:07]
Now i will open the channel for 3 minutes, and you can drop max 3 questions! After i will mute the channel again
Chichima, [04.04.21 19:10]
Binance Smart Chain (BSC) is trending right now. Is your project interested or is there a plan to enter the world of BSC?
Owen Tao, [04.04.21 19:15]
[Em resposta a Chichima]
Yes, whether for MAN's liqulity or our NFT project, BSC is an important circulation platform. Its an important chain for our cross-chain bridge.
Furiosa III Chan, [04.04.21 19:10]
Is MATRAIN compatible with any future development?
How was the automated machine learning platform developed on Artificial Intelligence and what is the advantage of performing machine learning on a Matrix node to obtain artificial intelligence models?
Owen Tao, [04.04.21 19:19]
[Em resposta a Furiosa III Chan]
At first, the goal of MAN network is building a decentralized computing plat form, we want to attract more and more free computing power to join us. That means a lot to deep learning, at first, the free computing power offered by users means we have cheaper computing powers. And training on decentralized plat will make the AI scientists’ models really be his/her own asset.
Furiosa III Chan, [04.04.21 19:10]
What are the differences and advantages of Matrix 1.0 and Matrix 2.0 solutions?
How exactly MATRAIN works and how automatic machine learning What are the advantages it provides to the Matrix mainnet?
Owen Tao, [04.04.21 19:24]
[Em resposta a Furiosa III Chan]
In Matrix 1.0, our target is to build a high performance blockchain and a decentralized computing platrform. In 2.0 our aim is to build a complete artificial intelligence ecology including the decentralized computing platrform, the data assetization platform, a AI models market and AI service platform. We wish to promote the development and daily application of artificial intelligence by offering cheaper computing powers and more high quality data.
Iron Man, [04.04.21 19:12]
"STAKING" is one of the STRATEGIES to ATTRACT USERS and HOLD Them long term.
Does your GREAT PROJECT have plan about Staking?
Owen Tao, [04.04.21 19:26]
[Em resposta a Iron Man]
Yes, staking is an important part of Matrix, whether you want to be a miner or valicator in Matrix, you need to stake MAN first! We will offer more roles in NFT platform who needs to stake MAN to gain revenue.
SARPİŞKOOO..., [04.04.21 19:12]
Also, does the Chinese state give its support to Neo coin to Man coin? Neo has come a long way in 7 years, how long do you think it takes for Man coin to achieve the same success?
Owen Tao, [04.04.21 19:29]
[Em resposta a SARPİŞKOOO...]
In fact, I dont think Matrix is in the same track with NEO, we are focusing AI enabled blockchain and decentralized AI plat form more. But if you mean how long we can be as famous as NEO, we hope we can achieve that in 1 or 2 years.
zafer metin, [04.04.21 19:12]
What role does MASO take on the full Matrix main network and how does its AI-focused work in the verification of data algorithm models make it different from other verification services?
Owen Tao, [04.04.21 19:31]
[Em resposta a zafer metin]
MASO is a distributed AI service platform built on Matrix mainnet. Its functions include automatic AI model training, AI algorithm model authentication, algorithm model transaction and paid access to algorithm models through API. The role of MASO is very important, cause the users can real use our service on Matrix through it. In the future, I think the AI tech will be more and more important. So there will be a huge market and millions of users for MASO.
Hocchena Bal, [04.04.21 19:11]
Do you have any plan for building Nfts into your eco system because that is the hottest topic on crypto space?
Owen Tao, [04.04.21 19:40]
[Em resposta a 👾Hocchena Bal😈]
If you have read our greenpaper, you will find out, we had made ‘Converting users' data, computing power, and algorithms into personal digital assets’ as a target long ago. Till now, the NFT is a very good and popular method to do ‘digital asset authorization’, that’s why we choose it. It’s relatively mature and will take us less resources to teach the users.
Lucy, [04.04.21 19:11]
One of the biggest issues for dapps is onboarding. What solutions do you have or the team found for try to resolve this problem?
Owen Tao, [04.04.21 19:43]
[Em resposta a Lucy]
We have a different plan with other chains. We wish to attract more free computing powers via the decentrialized computing platform, and more people to update their datas on matrix via the IPFS and data capitalization system. When we have enough data and computing powers, we will attract more AI scientists to training AI models on Matrix. And then, there will be lots of developers coming to us to build DApps on Matrix based on those great AI models.
STIVE, [04.04.21 19:11]
🔴 What is the role of token in the ecosystem? Where can users currently buy it, and what would be its use?
Owen Tao, [04.04.21 19:47]
[Em resposta a STIVE]
On Matrix AI Network, MAN tokens are used for rewarding, pricing and digital asset authentication. You stake it to apply to be miner or valicator on Matrix or use it in our AI service palt form or NFT platform.
Owen Tao, [04.04.21 19:49]
Sorry I cant answer all of your question, may be Selami can help me to collect the unanswerred questions together, I will look into them one by one and answer them later when im free.
Owen Tao, [04.04.21 19:53]
in the near future, there would be a great medical funtion launch on Matrix. You will get more information later.
Owen Tao, [04.04.21 19:55]
Thanks everyone, for your supporting and suggestions.