Matryx (MTX) is a new blockchain project based on Ethereum. The project is led by the San Diego, CA company Nanome and seems to have a unique vision of positioning itself as a leader in "cooperative competition" (matryx.ai website) in the technology R&D space. Essentially, R&D problems for a given project would be listed as tasks, and the open market could compete to find the solution.
While I don't take issue with the company's dev team, and their technical prowess (their team is led by a former GE Senior Developer), their language about how rewards are actually distributed contradicts itself, and is vague in certain areas. In their description of how the process works, they say that a given work assignment will be broken up in rounds or steps, and that for each of these rounds a winner will be chosen by the company. But then it also says that at the end of all work, a smart contract would distribute rewards to "all contributors and validators." It doesn't give specific information about how those percentages would break down, and leads me to believe that they are leaving the ethics of how payouts work up to each contractor.
Another point of concern, is that at the time of this writing I could not find the actual market cap of MTX. Their website lists their ICO contributions as 12382 ETH ($10 Mil). Despite this substantial investment, though, the coin is nowhere to be found on coinmarketcap.com. On cryptocompare.com the market cap is listed as N/A. Crypto Compare does list the exchange rate of MTX at 0.0009300 ETH ($0.7569). However, if you're considering trying to earn or invest in this currency you should take that figure with a grain of salt. There simply doesn't seem to be a consensus among the major crypto research sites.
If the Matryx team is successful, their product could do some serious damage in the tech R&D industry. A great UX/UI for collaborative efforts, and a more equitable payout/reward system sound great. However, it's too soon to tell whether or not they are going to be successful in achieving these. A quick Google search also revealed potential legal trouble down the line in the form of another company with the same name, spelling, and very similar font (matryx-textile.com).
The Matryx team @matryx_ai tweeted a step-by-step instruction guide earlier this week on how to use their alpha platform, and its pretty rough to use right now. Workers should proceed with caution, investors should be wary.
Verdict: FUD.
You misunderstand many aspects of this platform. One of the biggest inaccuracies of your article is the way the bounty system is structured. The Matryx team under no circumstances would choose the winners of projects or challenges - unless those projects or challenges had been posted by them specifically. There is quite a bit more about this that is incorrect. If this is the accuracy with which you relay whitepapers your 17 viewers are being done a huge disservice.
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