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Matrix is designed to support Instant Messaging, VoIP/WebRTC signalling and Internet of Things communication and allows cross-communication between those services. Meaning one person could be using IRC and another Slack for IMs, or one person could be using Skype and another Google Hangouts for videoconferencing. See More
Free account has no tangible restrictions. Premium account is just a way to say "thank you" to developers. And it works for all servers of Discord (not as in slack). And it can be purchased by a single person who wants. In contrast to Slask, where all active members of the server should be "premium". See More