As the blockchain space evolves, the need for a comprehensive platform seamlessly integrating multiple solutions is becoming increasingly evident. Users and developers seek an ecosystem that simplifies access to essential tools, enabling smooth transactions, asset management, and decentralized applications without the complexity of juggling multiple services. A unified approach enhances efficiency, security, and convenience, making blockchain technology accessible to a wider audience. A multi-functional platform can bridge the gap between traditional finance and decentralized solutions by addressing this demand. MATH embraces this vision, offering a suite of integrated blockchain services within a single ecosystem.

What is MATH (MATH)?

Math Wallet was founded by Eric Yu and Ke Qiao, with Yu taking on the role of CTO and Qiao becoming the CEO. Before launching Math Wallet, Yu had extensive experience as the CTO of Zhongtopia, China’s largest mutual aid platform, and co-founded XunFang Tech. The wallet is backed by a senior team and registered in Singapore, with additional leadership from the Math Wallet Foundation, currently led by Frank Fu.

In Q3 2020, Math Wallet released its first whitepaper and launched a testnet candidate while joining the Substrate Builder Program. By Q4 2020, they had launched the official website, API documentation site, and Testnet Galois, alongside Galois testnet modules and an initial testnet wallet and explorer.

Development accelerated in 2021, with Q1 releasing SecretStore Module V1, EVM module, and MathChain smart wallet functions. The MathChain Testnet Explorer and documentation were improved, and Whitepaper V2 was introduced. The project also conducted Rococo Parachain testing and held a validator event.

In Q2 2021, MathChain introduced L1-L2 token bridging, expanded its explorer, improved documentation, and completed the second version of the SecretStore module. By Q3, MathChain was launched as a PoS network, alongside MathSwap V1, RPC API, and Explorer API.

Q4 2021 saw the launch of MathNFT, MathHub, and MathDappStore. Pending developments include security audits, launching MathChain through Parathread, and introducing GraphQL API, MathSecretStore, MathSmartWallet V1, PolkaVault, and MathVault V2.

How Does MATH Work? Architecture and Applications

MathChain is an EVM-compatible L2 SmartWallet AppChain designed to enable broad blockchain adoption by addressing critical security, performance, privacy, and user account management challenges. Blockchain networks like Ethereum suffer from high-security costs, slow transaction speeds, privacy limitations, and a lack of user-friendly account systems. MathChain aims to resolve these issues by leveraging Polkadot’s shared security model, implementing a parachain structure, enhancing privacy through SecretStore, and introducing a Smart Wallet system integrating Web2 identity verification with Web3 capabilities. This approach enables seamless connectivity between traditional platforms and blockchain networks while maintaining a high standard of user experience.

MathChain’s architecture’s core is its modular design, built using Substrate, which allows for flexibility and scalability. The relay chain is the foundational security layer, connecting MathChain to an L1 blockchain. MathChain operates as a parachain within this structure, benefiting from Polkadot’s security and interoperability. Various modules, or pallets, enhance the system’s functionality. SecretStore provides decentralized key management by storing fragmented ECDSA keys, ensuring privacy and security for sensitive data. The DID (Decentralized Identifier) module facilitates unique identity verification, allowing users to connect their accounts to social media platforms and establish secure communication channels. This feature enhances usability and accessibility, bridging the gap between conventional login systems and blockchain-based identity solutions.

MathChain’s Ethereum Virtual Machine (EVM) compatibility module allows developers to deploy existing Ethereum dApps on the network without modification. This interoperability ensures a smooth transition for projects that leverage MathChain’s enhanced performance while maintaining compatibility with Ethereum’s vast ecosystem. The EVM module also includes essential tools such as a block explorer, web3.js support, and wallet integrations, streamlining dApp development and deployment. Off-chain Workers further optimize efficiency by handling computationally intensive tasks outside the blockchain while maintaining an on-chain record of execution logic. This feature enables resource-intensive applications to function smoothly without overloading the blockchain network, significantly improving scalability.

Cross-chain communication is another vital component of MathChain’s architecture. The XCMP (Cross-chain Message Passing) protocol facilitates secure and seamless interaction between parachains and parathreads, allowing for asset transfers and contract execution across multiple blockchain networks. By enabling smart contracts on one chain to trigger actions on another, XCMP enhances interoperability and expands the utility of MathChain’s ecosystem. This functionality is crucial for enabling decentralized applications that require cross-chain liquidity, decentralized identity solutions, and inter-chain data transfers.

Source: math whitepaper

Applications

MathChain’s application ecosystem is designed to provide seamless blockchain solutions by integrating decentralized identity management, privacy-preserving storage, cross-chain interoperability, and financial applications. At the heart of this ecosystem is MathSmartChainWallet, which combines SecretStore, Off-chain Workers, and Decentralized Identifiers (DID) to offer a next-generation smart wallet. Unlike traditional crypto wallets, MathSmartChainWallet enables namespace allocation, spending limitations, and social account recovery, making it more accessible for mainstream users. The system removes the need for costly smart contract creation for each new user while maintaining the flexibility to upgrade contracts, significantly improving blockchain usability. This innovation reduces the reliance on off-chain, centralized solutions and enhances blockchain-based financial applications.

SecretVault, powered by SecretStore and Filecoin, acts as a decentralized data vault that prioritizes user privacy. Sensitive data is encrypted and stored off-chain using Filecoin while keeping ownership and access permissions managed on-chain. This approach ensures that no personal data is stored directly on the blockchain, aligning with GDPR compliance. MathChain users gain complete control over their private data, which can only be accessed with their permission. SecretVault facilitates secure data sharing, making it particularly valuable for applications requiring confidentiality, such as document storage, identity verification, and secure messaging. By integrating MathHub, MathChain also enables users to pay for decentralized storage services with MATH tokens while automating cross-chain transactions and token swaps.

MathSecretStore transforms MathDappStore into a fully decentralized application store where governance is managed through MATH tokens. Unlike traditional app stores that rely on centralized oversight, MathSecretStore ensures that dApps are listed, rated, and indexed based on community governance rather than corporate policies. Developers benefit from a system that protects their applications from unauthorized modifications, ensuring that only verified security auditors can review and approve them. This decentralized approach makes dApp marketplaces more viable and competitive, providing an alternative to centralized platforms like Google Play and Apple’s App Store. Additionally, MathSecretStore enhances security for smart contracts by allowing encrypted deployment and controlled access, preventing unauthorized replication or tampering.

MathHub facilitates seamless cross-chain interactions by leveraging Off-chain Workers and an intermediary bridge token model. Unlike traditional bridges that rely on authorities or require multiple liquidity pools, MathHub optimizes cross-chain transactions by using automated market makers (AMMs) to balance liquidity across different networks. This ensures that wrapped tokens and bridge tokens can be swapped efficiently on decentralized exchanges (DEXs). MathHub’s Rollup-to-Rollup Bridge further enhances interoperability by allowing users to move assets across rollups without the long exit durations typically associated with rollup solutions. This innovation supports cross-rollup contract calls and enables faster asset transfers between layer-2 solutions, enhancing blockchain scalability and user experience.

MathVault v2, powered by MathHub and EVM compatibility, introduces a next-generation staking aggregator for decentralized finance (DeFi). Unlike traditional staking models, MathVault’s Virtual Proof of Stake (VPoS) system rewards users with mining rewards and MATH tokens, similar to Yearn’s yield farming strategies. With over $150 million in total value locked (TVL), MathVault optimizes staking by integrating smart contracts that maximize annual percentage returns (APR). MathChain’s interoperability with XCMP further expands MathVault’s capabilities, enabling cross-chain staking strategies. This system simplifies DeFi participation while providing enhanced liquidity management.

Source: mathchain.org

MATH Use Cases

MathChain and its associated ecosystem provide various applications for blockchain users, developers, and businesses. By integrating smart wallets, decentralized storage, cross-chain transactions, and DeFi solutions, MATH enhances blockchain accessibility while maintaining privacy and efficiency. Here are four key use cases:

• Decentralized Identity and Secure Storage: MATH’s Decentralized Identifiers (DID) and SecretVault allow users to securely store personal data off-chain using Filecoin while keeping ownership verification on-chain. This ensures privacy compliance (such as GDPR) and enables secure identity verification, document storage, and confidential transactions.
• Cross-Chain Transactions and Interoperability: MathHub facilitates seamless cross-chain transfers by acting as an intermediary bridge token system. It optimizes network liquidity through automated market makers (AMMs), allowing assets to move efficiently between blockchains. The Rollup-to-Rollup Bridge further enables faster, cost-effective transactions between layer-2 rollups.
• Decentralized Application Marketplace: MathSecretStore transforms the MathDappStore into a fully decentralized application store where MATH tokens govern dApp listings, ratings, and indexing. Developers can securely deploy smart contracts without the risk of unauthorized modifications, making it an alternative to centralized platforms like Google Play and the Apple App Store.
• DeFi and Staking Solutions: MathVault v2, a Virtual Proof of Stake (VPoS) aggregator, enables users to stake assets across multiple chains while maximizing yield through automated smart contract strategies. High total value locked (TVL) provides users with optimized staking rewards, making DeFi participation more accessible and profitable.

MATH Main Features

MATH offers powerful blockchain solutions to enhance security, governance, and decentralized application development. From identity verification to democratic governance and developer-friendly tools, MATH provides essential infrastructure for Web3 applications.

Verifier: Flexible Identity Verification

The Verifier system enhances MathChain’s security and privacy by providing third-party verification services for SecretStore. Different verifiers offer varying levels of decentralization, security, and cost-effectiveness. For example, the TwitterID verifier connects to the Twitter API to verify that an address controls a given account before granting access to a specific secret key. Similarly, the NFT verifier checks if an address holds a specific NFT before unlocking stored content. If a verifier is decommissioned, access control can be switched to another verifier, ensuring continuity. This modular verification system makes MathChain adaptable for identity authentication, gated content, and secure digital asset storage.

Governance: A Decentralized Democracy

MathChain incorporates an on-chain governance system, empowering token holders to shape the network’s future. Users and an elected council can submit proposals that are voted on through referendums, enabling community-driven decision-making. This governance model eliminates the need for hard forks, allowing seamless runtime upgrades and system improvements. Additionally, governance extends to consensus mechanisms, enabling updates to mining and difficulty adjustment algorithms without disrupting the network. MathChain also manages a public treasury funded through voluntary taxation, ensuring fair fund allocation without centralized control. This model balances transparency, efficiency, and decentralization.

MathDappFactory: Simplifying DApp Development

MathDappFactory is an all-in-one development suite that helps builders create exchanges, games, and decentralized applications (DApps) with minimal effort. Developers can deploy smart contracts and blockchain solutions without requiring deep technical expertise, significantly reducing the learning curve. MathDappFactory also allows developers to submit funding proposals to the MathChain treasury, enabling community-driven innovation. If a proposal is approved through governance, developers are rewarded with MATH tokens, fostering an ecosystem of sustainable growth.

What is the MATH Coin?

MATH is the utility token powering MathChain’s ecosystem, governance, and decentralized applications. Its total supply is 200 million units, of which 114.35 million are already in circulation (February 2025).

Initially launched as an ERC-20 token on Ethereum on October 22, 2019, it will migrate to MathChain following the platform’s full deployment. Allocations are distributed among MATH VPoS mining pools (60%), professional investors (30%), and lockdrop investors (10%). The mining pool includes major industry investors such as Fenbushi Capital, Binance Labs, FundamentalLabs, Multicoin Capital, NGC Ventures, 6Eagle Capital, and Amber Group, securing its presence in the crypto ecosystem.

Source: math whitepaper

MATH token farming allows users to earn rewards based on the value of assets deposited in the MathVault Mining Pool, including BTC, ETH, DOT, and MATH itself. The mining reward is split, with 90% allocated to users and 10% directed into the MathChain Treasury, which operates under community governance. The mining pool undergoes a halving event every two years, gradually reducing new token issuance.

Annual issuance of new MATH tokens is contingent on the launch of the MathChain mainnet. The average monthly staking rate determines the maximum issuance, ensuring a balanced supply. MathChain implements a burn mechanism to maintain scarcity and value where all transaction fees and cross-chain message fees are permanently removed from circulation. Additionally, the MATH token is used for transaction fees, governance participation, cross-chain messaging, and MathWallet service fees, reinforcing its integral role in the ecosystem.

Source: math whitepaper

Is MATH a Good Investment?

MATH offers a broad ecosystem with MathChain, a cross-chain wallet, and DeFi solutions, positioning itself as a versatile blockchain infrastructure. Its strong backing from investors like Binance Labs adds credibility. However, its long-term success depends on sustained user adoption and the ability to compete with larger blockchain ecosystems. The complexity of its technology stack may also slow down mainstream adoption. Investors should evaluate the project’s growth potential and real-world usage before making decisions.

How to Own MATH?

To own MATH, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy MATH.

News on MATH

On 1 February 2025, MathWallet’s official Medium channel announced key updates, including a completed burn of 147,496 $MATH using 20% of earnings from Q4 2024. MathWallet expanded its ecosystem by supporting the Fantom Sonic upgrade, Soneium Network, and Mode Network, and listing $VINE, $BUZZ, and $COOKIE tokens. The Math DApp Store introduced the DeFAI and Stablecoin Ecosystem Maps. MathWallet continues to support over 100 blockchains, offering secure multi-chain solutions across app, web, extension, and cloud wallets.

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