AMA Crypto JMS with Trent Richards (Metrix Coin CEO)
Can you start by giving our community a quick Introduction to yourself?
Thanks for having me on this AMA. It’s fantastic to reach out to the Crypto JMS Community and share some information about our AMAZING PROJECT & TEAM.. Metrix Coin (MRX)!
Like most of our community, I was simply a community member of the project since its near inception and I wanted to make an offer to assist the Metrix team at the time with my skill set, as a CEO of many companies over the past two and a half decades. This was accepted by the team and I started in a volunteer BDM role. I soon after stepped up to the CEO role as this is where I am the most comfortable, however I have also continued in my BDM role as well as a management role on the day to day basis to run the business side of the project, to ensure that the project is continually growing.
My role is to ensure that as a team, we deliver, and we make this project a huge success!
On that point — It might be a great time now to share some exciting news, prior to taking on all the questions. I would like to let everyone know that our project has secured a listing on the BitMart Exchange (CEX) that we are really excited about. The actual listing date will be announced by BitMart in the coming days, but I can confirm the listing will be this month, so this is something that some people might like to prepare for if you like what I have to say here today!
What is Metrix Coin?
Metrix is a Proof of Stake (PoS) coin that has been forked from the QTUM chain. The Metrix Dev team have then coded the chain to suit the requirements of Metrix. This allows for super-fast, low-cost transactions. The proof of stake ability allows a holder to earn interest when holding the coin in a wallet provided in multiple forms by the team.
It’s a currency that uses a decentralized ledger meaning its available 24 hours a day. We have changed from a team run project to a community run project through our Governor protocol. The team will be here to grow the coin and to assist our community at all times though.
The reason it is different to other coins is through the partnerships Metrix has in hand. These partnerships will allow Metrix Coin’s cryptocurrency, the MRX coin, to be used as a form of payment in Casino’s through to Shopping centers and even for telecommunications. As we grow these partnerships, the real-world use case for MRX will continue to expand. Our current focus in Gaming, NFT’s and DeFi however our moto is For Everyone, For Everything!
Is there a team behind Metrix Coin?
Yes absolutely. The special thing about the team at Metrix is that we didn’t do an ICO, IEO or any other capital raise for the launch of the project. We have put out two capital raises in the recent years and this was for major exchange listings and a healthy marketing budget to promote the listings.
I say this as all team members working to build the project are working for free. This includes all Core team members and all support team members. We do what we do because we are passionate about seeing the success of this project.
Our team members are broken into departments from Social media, to business development, to our developers, technical support team, graphic design, web design, content writing, SEO, education and the list goes on. We are always looking for more team members that are keen to assist us with a common goal of making Metrix Coin the best it can possibly be. If you have any talents or skills and would like to assist please feel free to hit me up.
What products does Metrix have?
Gladly. Metrix started with the very first mobile staking wallet, MyStakingWallet (MSW) where you could set up a masternode with one simple click. Back in those days if you weren’t technically minded it was extremely hard to set up a masternode and to be able to do it with a simple click of the mouse was unheard of. Especially from a mobile device!
Then we built My Node Pool (MNP). This is a pooling service for those that either didn’t have enough coins for a masternode or didn’t want to have to manage their own coins and wallets. This service then opened up for other projects that partnered with Metrix.
A few years ago, we partnered with Grudge Match Gaming (GMG) which we have now taken over, where you can bet MRX to play the most up to date games online through this platform. You can bet on matches and even challenge the leader board, all powered by MRX coins. GMG was rebranded to Wage Street Gaming (WSG) when the completion of the project was delivered by the Metrix Coin team last year.
We are currently building out Metrix Name Service (MNS) which among other things allows for short addresses. We are also building a complete NFT platform built specifically for the Metrix Blockchain known as MetriVerse. This will incorporate a Virtual Reality component as well as an action site.
Further we are also making full use of our blockchain bringing DeFi closer to all Metroids. We are building a Metrix Dollar Dao protocol where you will be able to lock up MRX for the USD pegged MRXD. We have also just released MetriMask which is similar to MetaMask but it is run solely on the Metrix Blockchain. This is currently being built out for IOS and Android and will be completed in the coming months. There is so much happening from our devs currently it’s just unbelievable that such a small team can deliver on so much development.
What’s the bigger picture for Metrix Coin in the coming years?
What a great question — Those that have known me for a while already know that I am not here to see a massive pump and dump. I am only interested in a long-term stable approach that will make people an amazing return on their investment over time. We are not a meme coin and will never be. We are based on a solid foundation with real world use case products being created and developed on an ongoing basis along with new partnerships to take the project to the next level.
The big picture is a company behind a community run project that has real value to business, to investors and to holders who don’t need nor want to sell their coins and or tokens. I believe that we are not far off this bigger goal as we are now rolling out more development than ever before and creating more ways to use, spend and receive MRX than ever before.
Almost 3/4 of investors are focused purely on the price of a token in the short term instead of understanding the real value and health of the project. Could you tell us the motivations and benefits for investors to hold your token in the long term?
I agree that most crypto “investors” are short term investors which really make them even a short or long term trader but they are not an investor. A good investment is bought long term with a minimum 10 years in mind and the selection of that asset is done on a basis that if you are not prepared to hold it for 10 years then you simply don’t buy it.
Many crypto “investors” and I use quotes loosely here to speculate (gamble) their money on the next best thing. If you do that with Metrix you will probably do alright based on the current price. It can really only go up from here based on the current price level.
Unlike many small cap projects, we are not a dog face on a coin, nor are we super hyper about price and green candles on a daily basis. What we were all about for the first 12 months of my leadership was to build a very solid foundation and then to build solid applications and products on this foundation with the long term in mind.
We have certainly achieved this over the past couple of years. We rebranded the project, launched a new and superior blockchain, built multiple products and the development is ongoing. We actually slowed down the new items for the 2022 Road Map with the first 2 quarters as we still have so much in development right now which is due for release very soon.
By investing in Metrix today with a long term vision it would be very hard to lose money when you allow for staking but this is not financial advice.
Many investors hit and run in the sell and sell session after listing on the first big exchange. How did METRIX prevent early investors from selling their tokens and what benefits would METRIX give them?
This is true and it’s an old thought process of buying the rumor and selling the news. There is absolutely nothing the team at Metrix Coin can do to stop this from occurring in essence as we have nothing to do with the operations at the exchange and no exchange is going to prevent people from buying or selling assets unless they are in maintenance.
What we did do is think through a strategy to reduce any blow and allow further marketing for the listing. We released our wrapped MRX products last year for both the Binance Smart Chain and for the Ethereum chain. We then decided to release our MRXb token on BitMart first last year and do a lot of marketing around the release.
This week we are listing MRX, our native coin. Will this stop a sell off? I have no clue. Will it allow us to do a lot more marketing around our project? You bet it will. In fact I’m here right now discussing it with this new community sharing the project with all of your questions.
Do you have any whitepaper or lightpaper? Can you tell me From where Can I get more Information about your project?
Great question and one of my favorites. Here’s a link to our Metrix Coin White Paper.
We are continually updating this paper as we release new products and services. You will note that this is not a 9 page WP like Satoshi wrote. This is a full packed paper with lots of educational content within.
For those that want to learn more about our project, please join our Socials here:
https://twitter.com/MetrixCoin/ — Metrix Twitter
https://twitter.com/wagestreetgg/ — WSG Twitter
https://twitter.com/MRXMetriVerse — MetriVerse Twitter
NFT Gaming is the fact that most of the games are pay to win because the more expensive NFT you buy, the easier you can win. How will you make sure that their game isn’t paid to win and fair? This is important so that the game will keep attracting new players?
This is very true in most cases. Metrix Coin is just about to release our brand new NFT platform known as MetriVerse. One of our community developers who also works on the Metrix team has already released the first ever NFT game on MetriVerse known as PyroPets.
This game is different to other games where it removes the pay to win aspect. In short, you buy an NFT PyroPet and you can breed this pet to create more pets that are also NFT’s. By breeding with the best partner for your pet, you will create new pets.
As we are an open-sourced blockchain, we welcome other developers to build on our blockchain and create their own NFT games, collections etc. The more participation we have on our blockchain the better it will be for all!
Launching Projects in a bull run is much more profitable than during the bear cycle. In a bear run where most of the projects fail and sometimes go into oblivion, how will your project stand the test of time? What strategies do the project employ to mitigate possible losses?
I’m not sure if this is based on your opinion or real data. I personally believe that more projects have outperformed other projects in the bear cycle, however they were amazing projects to start with.
Metrix Coin is not new. We have already been through a full Bull cycle and a full bear cycle. We launched in 2017 and been there and seen it all play out previously. The difference this time around is the amount of development we have already brought to market and the amount that is about to be brought to market. With MetriVerse about to launch, Metrix Name Service (short address platform), Metrix Dollar DAO protocol, MetriMask IOS and Android, Virtual Reality components, Web3 applications and the list goes on.
With such a solid team and solid foundation already established, Metrix Coin is truly an undervalued gem in today’s market and a coin that has already proven itself in any test of time. We are well past any rug pull attempts and are getting more attention by the bigger projects looking at collaborations. There really has never been a better time to become a Metroid!