So, you have some MATR token - here’s what you need to know about them:
- MATR is a utility token that gets you discount on Mattereum’s services.
- To claim your MATR token see the instructions below.
- MATR can be traded on exchanges like any other token until a token holder decides to use it to access Mattereum services. MATR can currently be traded on DEXs such as Uniswap and Swarm Open dOTC.
- Mattereum provides services that support trade in real world assets (RWA) by making legal connections between a physical asset and an on-chain token and backs them with warranties so something solid like a gold bar can be traded as an NFT. No other company can do this.
How does that work?
Ownership
Ownership of physical assets is defined by law. Crypto assets are defined by code. The two are fundamentally different and need a mechanism to make them work together.
code and law
Mattereum has created exactly that – a nice big on chain space where code and law can meet and agree on who owns what.
Any asset Class
That means Mattereum can take almost any legal asset and help its owner tokenize it and fractionalize it with a legal connection between the asset and the token, backed by warranties that pay out if they prove to be wrong, that work anywhere in 170 countries.
Mattereum Asset Passport
Mattereum makes this possible with its unique and innovative Mattereum Asset Passport (MAP).
MATR Token
The MATR token can be used to get a discount of up to 50% on the fees Mattereum charges to do that.
So, how does that work?
Onboarding
If a client wishes to onboard a $1m asset, the onboarding fee would be $10,000.
MATR Token
If they use MATR tokens to reduce this fee, each token reduces the onboarding fee by 1% (subject to a maximum discount of USD $10,000)
Reduced Fee
A user can burn up to 50 tokens per asset. So for that $1m asset this means that burning the maximum of 50 tokens would result in a 50% reduction in the onboarding fee, or $5000.
How to Claim your MATR
- Go to the correct contract address for vMATR on Etherscan, (vMATR address: 0x78320DcFC452285BAe0289c7c6C919f0C4948B42)
- Select the “Contract” tab, and then select the “Write Contract/Write” tab for that section,
- Select “Connect to Web3” and follow the instructions to connect your browser wallet to Etherscan,
- Once your wallet is connected, select the option for the function “claimMaximumAmount” and select “Write”,
- You have now claimed your MATR tokens, however there is one final step to view the tokens inside your wallet,
- Go to the correct contract address for MATR on Etherscan (MATR address: 0xf50b24A5D079e6699Bf6D7f50AF7D8248FaBCC38)
- Copy the contract address for MATR,
- Open your wallet (using Metamask for this example) and select “Import Tokens”,
- Go to the “Custom Token” tab and paste in the contract address of MATR that you copied,
- It should automatically detect the metadata for the token, select “Next”,
- Then finally after reviewing the information, select “Import”,
- You will now be able to see all of the MATR held in your wallet.
