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    Author Topic: Matchpool - Bounty Thread only  (Read 148207 times)
    Matchpool
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    February 06, 2017, 09:32:12 AM
     #421

    As a speculator looking to earn an ROI on this venture I have some questions about from where the value of GUPs is derived. Is the idea that market demand for use of matchpool services will drive up the price of GUPs and thus return a profit for speculators such as myself? Is the amount of GUPs created a permanently fixed amount? As for the crowdsale, I'm not quite clear on the withdrawal process, assuming I were to participate in the power hour but then wait 2 weeks to withdraw my GUPs it would be equivalent to having purchased the GUPs 2 weeks later? Could you please clarify that part, I didn't find it very clear in the whitepaper.

    It seems as though hosting is intended to be fairly competitive, at least initially, will joiners of pools that fail to gain critical mass be left high and dry? Seems like a cause for potential dissatisfaction with the overall service. What safeguards will be enacted to prevent hosts from behaving negligently or from misrepresenting their pools?

    Forgive me if I misunderstood something. I'm not a technical type of guy but I've definitely done my fair share of online dating and I very much like the scope of this project.

    No need to apologize my friend, all are good questions.

    About demand and GUP price, like all other projects with designated token use as Matchpool App gains more and more traction those who wish to participate will have to buy GUPs either on exchanges or through the App, the more buys the bullish the market will be, making the price of the token go higher and speculators such as yourself wealthier.

    Regarding the ICO process, the smart contract will be deployed with fix parameters assigning 130 GUP for each ETH sent within the first hour, than 120 for the first 3 days and so on...
    Regardless of the distribution date the assigning of tokens are determined at the time of the investment and so those who participate in the power hour will earn the bonus regardless of the ICO duration.

    Last but maybe most important of all, like any new idea and concept their will be a learning curve of pools profitability assessment, but as we will go forward pools makers will have their reputation play a crucial role. those who will put their efforts into it will gain many participants and those who won't do nothing soon will lose all credibility and will find it hard to enlist participants. As this whole platform is based on human connection and interaction those who will fail to provide this aspect will soon enough be out of the game.

    Thanks for your questions, feel free to ask if something is not clear!

    Matchpool's alpha release is live at http://app.matchpool.com!
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