Matchpool’s GUP Token Begins Trading on Bittrex Following $5.73m Crowdsale

Matchpool, an incentive-based community platform that allows anyone to open their own dating pool and earn cryptocurrency, has announced that its Guppy token (GUP) began trading at the Bittrex Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term on Saturday.

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Matchpool recently raised $5.73 million in just over a day to fund its Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based 'Slack Meets Tinder' matchmaking platform, which lets individuals create 'pools' to facilitate connections among friends and niche communities.

“The Guppy token powers participation on the Matchpool platform, and we’re eager to exceed community expectations as we build and deliver on our concepts,” said Yonatan Ben Shimon, CEO of Matchpool. “Trading on Bittrex will keep investors engaged and incentivize new participants to join the matchmaking economy.”

“We have followed Matchpool since its early days, and believe they have a compelling concept,” said Bill Shihara, CEO of Bittrex. “Adding a unique cryptocurrency project with great community support is a no-brainer for Bittrex.”

Since the conclusion of Matchpool’s crowdsale, the company has hired a new Chief Technology Officer, Or Demri, and is developing the first applications on its platform.

Participation on the Matchpool platform is incentivized by the GUP token, a fundamental part of Matchpool’s decentralized protocol and long-term roadmap. Tokens can be used as a deposit for opening a pool, and each pool creator decides its payment rules. Users inside the pool pay the creator according to their established rules, and creators earn tokens by making matches. Pool creators will receive their deposit tokens back when they close a pool. Token holders can trade or sell their GUP on cryptocurrency exchanges, Bittrex being the first.