Few more points as I see these questions are being asked again and again.....Here is a summary of our ICO FAQ
Will the ICO be held only with ETH or also with BTC?
Matchpool ICO will be done entirely by using Ethereum smart contract, and so will be held only by pledging ETH into the ICO smart contract address.
Will there be an Escrow service for the collected ICO funds?
Yes, Our escrow partners will be MME legal firm & Bitcoin Suisse AG a shareholder company specializing in alternative finances. Both are well respected and experienced in that field.
+ When and How will I get my GUP tokens bought on the ICO?
The ETH each investor sends will go straight to the ICO smart contract where they will be held until the ICO ends. While sending your ETH, the smart contract will credit the sending address and later on will send back to the sending address the number a GUP’s entitled proportionally with the total ICO results. At the end of the ICO a further code check will be placed after which all GUPs will be sent to the sending addresses.
+ How soon can I trade my GUP tokens and on which exchanges?
GUP tokens sold during our ICO will be of ERC20 standard created through smart contracts, which basically means that listing it to an exchange can be easily done and probably won’t take too long. Specific exchanges will be later announced as it is way too soon and will not be responsible to announce it now. Of course there is always the possibility of trading bought GUP through Over The Counter deals on the forum and reddit. As the ICO being held through smart contracts, soon after the final code check each investor can redeem the token into his ETH wallet.
+ Is there a maximum amount of participants that can take part of the ICO?
There is no restriction of max participation. However, since the ETH:GUP price is predetermined starting at 120 GUP per 1 ETH and ending at 90 GUP per 1 ETH, eventually the GUPs amount available for sale will be over.
+ Is there a Minimum amount of funds to be collected during the ICO?
Yes, after long thought on this matter we have reached the conclusion that in order to produce Matchpool platform and App we will need at least 30K ETH. Everything beyond that will help us greatly delivering a better product in less time. In case the minimum amount won’t be reached the ICO smart contract will send all the collected funds back to the sending addresses.
+ Is there a Maximum amount of funds to be collected during the ICO?
Yes, once again as the ETH:GUP price is predetermined, and there is a fixed GUP amount (60 Million), the total funds collected assuming all GUP tokens are sold will vary between 500,000 ETH - 666,667 ETH, depending on the actual early bird bonus applies at the time of the investing.
+ Will there be any refunds available after investing?
In case the minimum Cap of 30K ETH will not be reached a refund will take place automatically. Otherwise the will be no such thing as all sales are final. We strongly recommend you to read all about the project in our medias and our White Papers and do your thorough due diligence before investing.
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