FAQ #03 — Matchpool Crowdfunding Campaign Information

Starting Sunday 2nd April on Ethereum Blockchain

Start Date

The Crowdfunding Campaign will start on Sunday 2nd April 13:00 GMT

End Date

It will last for 4 weeks OR until our CAP is reached.

Crowdfunding Campaign CAP

it will be capped to Ether value equivalent to $ 5 M USD. The ETH cap will be determined by the ETH price on Friday. We are not going to raise more than this initially.

Crowdfunding Campaign Minimum Amount

A minimum collected fund has been set at 30’000 Ether. In case the minimum amount won’t be reached the crowdfunding campaign smart contract will send all the collected funds back to the sending addresses.

Matchpool Tokens

The Matchpool token is called GUP. Participants need to pledge Ether into the smart contract token exchange to get GUP. You will not be able to use Bitcoins.

Power Hour

These are early hours where you can buy GUP at discount price.

The first hour of the crowdfunding campaign will be a Power Hour. During the Power Hour, 33% discount will be given,After that, the 22% discount will be given and will stay there for 3 days, and then decrease 11% and after 2 weeks it will be 0% discount

When and How do I get the GUP tokens?

Ether sent to smart contract are held until the crowdfunding campaign ends. This smart contract credit the sender address and will send back to this address the number a GUP’s entitled proportionally with the total crowdfund results. At the end of the crowdfund a further code check will be placed after which all GUP will be sent to the sending addresses.

How soon and where can I trade GUP?

As the crowdfunding campaign is being held through smart contracts, soon after the final code is checked, each contributor can redeem their tokens (credits) into his ETH wallet.

GUP token are ERC20 standard and will be listed in exchanges. These will be later announced. Once listed, trading these token will be a simple affair.

Will there be any Refunds?

Except the case the minimum is not reached, all sales are final

How many GUP will be Sold?

60 million during the crowdfunding campaign

18 million during the first two years

Total Currency shall reach 100 million GUP

Locks

At the end of the four week period, token transfers will be locked for one month.

All the team member’s coins are locked for a 12 month period.

Smart Contracts

All smart contracts can be viewed on Matchpool Github.

Live Discussions about the Crowdfunding Campaign

Reddit & Slack

Matchpool discussion on /r/EthTrader

Reddit AMA — Ask Me Anything

Matchpool Slack team

Especially the #ICO channel

Will there be an Escrow service for the Collected Crowdfunding Campaign Funds?

Yes, Our escrow partners will be Lior Zysman (lawyer and legal advisor) & Bitcoin Suisse AG a shareholder company specializing in alternative finances. Both are well respected and experienced in that field.

Where is Matchpool Incoprorated?

Matchpool is incorporated in the city of Zug, Switzerland.