Material

When shifting from the current digital world to the newly created Web3, each user can take ownership of their own Decentralized Identifier (DID). MTRL is the utility token that supplements these digital identities on Web3 - it’s a unique asset with multiple key features, such as identity enhancement and community access, providing ownership and encouraging connection through digital identities. MTRL token holders can leverage the token as a mechanism to stimulate community growth and participate in governance.

MTRL serves as the glue that bonds Web3 communities together - On DID powered platforms each user can create their own identity and determine how they would like to utilize the token based on numerous use cases:

Data consumers and producers must hold MTRL to unlock platform features with gated access to spaces and exclusive communities.

Data producers directly publish credentials to their native blockchain (i.e. DIDs use ELA as gas), but MTRL will be used to add substance to each identity through external utility.

Individuals will be able to stake their MTRL on the Ethereum network, Crucible platform, and Elastos network Glide platform to earn lucrative rewards. Participants will also be able to gain access to features on Profile.

Holding MTRL gives you the ability to enter restricted NFT community spaces on Profile, meaning you’ll be able to become a part of your favorite digital artwork collections.

The team behind MTRL is made up of some of the recent leading Web3 builders—having found issues with the direction of digital existence online, they decided to launch their own Web3 platform called Profile. to provide creative communities with a location to congregate. On a mission to prioritize users’ value and time, team members are actively contributing to Elastos open software, Tuum Technologies’ product suite, and various web3 powered products.

Since the Material (MTRL) token is an ERC-20 asset launched on the Ethereum blockchain, it’s secured by Ethereum’s consensus mechanism.

In addition, Elastos (ELA) DIDs will be the core Web3 identity enhanced by MTRL. Elastos has a fully independent blockchain protocol that has been live since 2017, which uses a hybrid AuxPoW + DPoS mechanism for additional security.

MTRL is a pre-mined and non-inflationary token where only 100 million units will ever exist. Fractions of MTRL can be purchased and used on the network, meaning that supply will never be an issue when servicing multiple pseudonymous, anonymous, and known Web3 identities of the nearly 8 billion people across the globe.

MTRL is the utility token that supplements digital identities on Web3, a unique asset given its multiple key features, such as identity enhancement and community access, providing verifiable attributes and gated entry to digital identities.