The system needs an utility token to power the fee system and service provision of the system, incentivizing further use of the protocol. In addition, introducing tokens lowers the effective carry cost of conducting platform transactions and hence accelerates the adoption of productive platforms. Following from this, the native digital cryptographically-secured fungible token of Antimatter (MATTER) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Antimatter, and which is designed to be used solely as an interoperable utility token on the platform.
In order to promote decentralised community governance for the network, MATTER would allow holders to create and vote on on-chain governance proposals to determine future features and/or parameters of Antimatter, with voting weight calculated in proportion to the tokens staked (the right to vote is restricted solely to voting on features of Antimatter; it does not entitle MATTER holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors of these entities, or determine the development direction of these entities, does not constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership). The governance rule is as follows: https://docs.antimatter.finance/on-chain-governance/governance-policies
MATTER is a functional utility token which will be used as the medium of exchange between participants on Antimatter in a decentralised manner. The goal of introducing MATTER is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Antimatter, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. MATTER does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will MATTER entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. MATTER may only be utilised on Antimatter, and ownership of MATTER carries no rights, express or implied, other than the right to use MATTER as a means to enable usage of and interaction within Antimatter.
MATTER also provides the economic incentives which will be distributed to encourage users to contribute to and participate in the ecosystem on Antimatter, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. MATTER is an integral and indispensable part of Antimatter, because without MATTER, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Antimatter. Given that additional MATTER will be awarded to a user based only on its actual usage, activity and contribution on Antimatter and/or proportionate to the frequency and volume of transactions, users of Antimatter and/or holders of MATTER which did not actively participate will not receive any MATTER incentives.
As the native platform currency, traders can use MATTER to pay protocol fees , including option generation and redemption fees and protocol transaction fees. In the Antimatter NFT, matter is used as the payment currency for NFT transactions and creators reward claims. MATTER is used as a governance token for protocol DAO management.
The design principle of the platform is to distribute MATTER incentives for ecosystem contributions, so it can be obtained by participating in the project’s governance, as well as participating in various beneficial usage activities on the platform such as creation and redemption of options, and as well as liquidity provision.
We develop a hybrid staking model that facilitate option market expansion and community satisfaction. We promote two parallel staking systems that fulfill the needs of both market creators and individuals.
First, we invent an adoption model with token integration. Platforms create value by incentivizing market creators to create option markets on blockchain and creating benefits to both creators and traders. With a mechanism that utilises staking to encourage users to provide services, tokens are staked based on market creators demand. Second, we invent a staking model that allocates benefits generated from the fees operation to incentivise active token holders which actually participate in the network growth and adoption.
More utility will be added along the road. Token economics is a dynamic subject that evolves with the project development and product usage.