Matchpool purposes to build a decentralized platform that will influence group intricacies. It is not restricted to dating or matchmaking but rather can be applied to any industry. The project aims to build trust and standing among members integrating matchmaking process with the Ethereum based smart contracts.
It uses a currency GUP (Guppy tokens) to make and receive payments. GUP can be purchased with real currency. It is also listed in a couple of exchanges like Liqui and Bittrex. Matchpool looks to remove certain flaws that are found in the existing matching platforms where either there is a male dominance, are location-based, or have a huge demographic imbalance which means the users are unable to have a completely satisfying experience.
There are many ways Matchpool can be applied. It can be used for dating, club memberships, recruitments leisure activities, education etc. There is no fee to start a community pool. Anybody can start and can invite members to join the pool.
Matchpool allows users to create their own community pool in their local areas or for specific specifications. It aims to minimize the disparity by maintaining a 50:50 ratio.
The Matchpool network has two types of participants:
There are a few common rules that apply to most of the pools. Women may not be charged any fee. In fact, they are offered GUPs to join a pool. Joiners can have private communications with one another within their pool to find a suitable match.
Pool developers start a smart contract and use Guppies for their transactions. New members are rewarded with guppies. The pool initiators have the options of creating a fee structure for private communications between two members. They can extend the features by addon plugins called “Dapplets”. The Dapplets developer is rewarded with GUPs.
Matchpool’s ICO took about 48 hours to raise more than $5.7 million and is now a popular platform. Matchmaking industry is highly competitive and it has a good scope for existing communities to join the Matchpool and create a decentralized platform.
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