The Matchpool Token (GUP) initial crowdfunding campaign distribution is in the form of a pre-fund. Participants can exchange GUP at a discounted rate by pledging Ether (ETH) into the smart contract token exchange.
The Matchpool crowdfunding campaign will commence on April 2nd 2017 at 13:00 GMT and will last for 4 weeks or until our CAP in ETH (market price against USD of 5.5m equivalent) is reached.
5 Power Hours
The first five hours of the crowdfunding campaign will be Five Power Hours. During the Five Power Hours, you will receive 33% extra GUP for 1 ETH. After that, the bonus will decrease to 22% extra GUP per ETH for 3 days, and then decrease to 11% extra GUP per ETH. After 2 weeks you will receive no extra GUP per ETH.
The Crowdfund will be capped at $5m USD, ETH TBC. As soon as this amount is reached, the smart contract will stop accepting new exchanges. At the end of the four week period, token transfers will be locked for 1 month. You can read about more about the Crowdfunding Campaign here.
What can I do with a Guppy [GUP] token?
A token(s) can be used as a deposit for opening a pool.
A poolmaker decides the payment rules of their pool.
The users inside the pool pay the poolmaker according to their rules.
A poolmaker can earn tokens by creating matches inside of a pool.
The poolmaker will receive their deposit token(s) back for closing a pool.
Total Currency : 100 million GUP
18% Minted for new users over 2 years
20% Team & Advisors
2% Reserved for Matchpool Bounty Campaigns
First hour: 33% Bonus
First 3 days: 22% Bonus
First 2 weeks: 11% Bonus
last 2 weeks: 0%
Tokens sold during the crowdfund :
60 million GUP (60%)
Total tokens at start & during first 2 years:
80 million GUP
The initial market cap :
Calculated by $5m raised *1.33
(the 20m editional GUP Tokens) = 5.5