Following the announcement of investment from US VC Makers Fund, Singapore-based developer Matr1X has announced MAX, the second token for its blockchain gaming ecosystem including shooter Matr1x Fire, will launch on exchanges such as OKX on 5th August.

The ecosystem’s original FIRE token has been live since February – currently down 37% since launch – but those interested in the MAX token can now build an allocation via OKX’s jumpstart mining program.

Claiming a fully diluted valuation of $1.5 billion prior to listing, Matr1x says the MAX token capsulates functionality including governance, staking, launchpool access as well as utility in terms of upgrading game items and being used for gas on the Matr1x blockchain.

50 million MAX tokens are also being airdropped via the Matr1x Apollo program.

Matr1x Fire is the company’s first game, and battle royale game Matr1x Battle is also in development. Other titles include 5vs5 MOBA Evermoon and Cthulhu-style ARPG card game Castile, which are from thirdparty devs. Other ecosystem partners include Hong Kong-based esports tournament operator Geda.

“Today’s listing announcement of $MAX marks a transformative milestone for Matr1x and our community,” commented a co-founder of the non-doxxed team known only as Madeira.

“With $MAX, we are furthering our mission to deliver pioneering community-led gaming platform experiences to a global audience. Our unique tokenomics highlight our commitment to redefine the gaming industry by championing decentralisation, creator-centricity, and sustainable growth. $MAX embodies our vision to lead the web3 gaming sector, expanding our ecosystem with high-quality games and fostering contributions from creators. This is also the only path to bring mass adoption to the web3 industry.”

Find out more at the Matr1x website.