SportX IPL Playoff Challenge Underway

Matic Network has announced that the SportX IPL Playoff Challenge is underway.

The IPL Playoff, which began on the 5th of November, will give SportX users the opportunity to pitch their cricket knowledge against others. Importantly, a total of $1000 is up for grabs as the prizes.

When the tournament ends, the top three users with the highest returns will win $1000 in SportX ETH. First place gets $500, second place gets $300, and third place gets $200. You can sign up for the IPL Playoff Challenge here.

Matic Network Partners with CargoX

Shortly before announcing the beginning of the IPL Playoff, Matic Network also announced its partnership with award-winning document transfer solution, CargoX. As a pioneer that deals with the supply chain revolution, CargoX has gained approval from the International Group of Protection & Indemnity Clubs. Additionally, as maker of the CargoX platform for Blockchain Document Transfers (BDT), connecting with Matic Network will present a cost-effective and faster means for original document transactions.

Improving Real-Time Blockchain Document Transfers (BDT)

Matic Network is a sidechain to the Ethereum blockchain. For this reason, Matic Network will be utilized by CargoX for the fast validation of document transactions. While doing this, the original Ethereum L1 network functionalities will still be preserved. As a result of the partnership, CargoX will be assured of steady Ethereum fees and swift transaction periods as the issue of network congestion will be solved.

“CargoX is a pioneering product that brings the power of blockchain to a real-life application that brings security and speed to document uploads and ownership. Matic is built to support high speed and user-friendly experiences, and this collaboration between CargoX and Matic will ensure that CargoX’s innovative applications can take advantage of the potential of Blockchain while ensuring a seamless experience for all users,” said Sandeep Nailwal, co-founder & COO of Matic Network.

More Information

In agreement with the words of Nailwal, Bojan Čekrlić, the CTO of CargoX, stated: “We evaluated several alternative solutions. Among the technologies suitable for the task, the Matic Network has proven to be the most stable, reliable, and mature. They have a relevant roadmap, a solid foundation, and a competent business and software development team – while providing all the features that enable us to switch back and forth between the two Ethereum networks if needed.”

In response, Matic Network expressed their excitement concerning the opportunity to help CargoX solve real-life issues. Knowing that they were chosen, despite the plethora of alternative solutions, Matic Network believes in their scaling and transaction security abilities.

Before now, Ethverse and Matic Network announced a strategic partnership.

As of the time of writing, Matic Network price stood at $0.01676066 with a 24-hour trading volume of $9,855,912. MATIC price also went down by 3.6% over the last 24 hours. It has a circulating supply of 4.7 billion coins and a max supply of 10 billion coins. Binance is the current most active market trading it.

For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.


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