Ready, Set, Go! Matchpool Announces Its First Competition on Uppy [$15K Reward]
The first competition on Matchpool’s $GUP bounty system — with a cash prize!
Earlier this week we announced our new product Uppy (“Up-Guppy”) — a bounty, voting and reward system deployed on the Ethereum mainnet — the latest Matchpool initiative designed to support and grow the $GUP community and Matchpool’s ecosystem.
Today we are excited to present our first internal competition complete with a not-too-shabby $15K $GUP reward — Marketing Matchpool in Asia!
What do you have to do to participate?
Come up with a killer proposal for marketing tactics to grow the Matchpool community in Asia.
The Rules
Apply here with the best idea you have in order to spread the word about Matchpool, that could potentially be a blog post, making a video about the platform, creating Guppy T shirts and merchandise or doing a PR campaign about Matchpool — the community decides what’s best in their eyes.
We are encouraging people from Asia that have a personal blog or cryptocurrency forum to participate in the marketing competition and help Matchpool become a well-known platform within Asian communities.
Community members submit development bids for the project using $GUP.
1 $GUP token holders vote for the winning proposal.
2 The winning bid receives 90% of the $GUP received in payment for the project.
3 The $GUP holders who voted for the winning project receive an equal split of 10% of the $GUP received for the project.
4 Guppy owners vote on the best proposal by staking their Guppies — the more $GUP they have the more voting power they
possess. (The $GUP will be locked for a month).
5 After the contest has run for one month, there will be two prizes: one will be for the winning proposal and the second will be for 6 the winning voters — the people who voted for the winning proposal.
How the $15K reward is split
Project winner takes $12K in $GUP
Winning voters take $3K in $GUP / spread equally among voters who upvoted the winning bid
Calling All $GUP Holders
Go ahead, apply here to compete for the prize. Submit your best idea, your project bid, you have in order to spread the word about Matchpool.
Some background on Uppy
This revolutionary platform incentivises the Guppy community with bounty rewards by enabling $GUP holders to vote and actively participate in the development of the $GUP ecosystem.
https://medium.com/@matchpool/ready-set-go-matchpool-announces-its-first-competition-on-uppy-15k-reward-b727cd58ac9d
Topic: Matchpool - Alpha release is live - Join now! - page 17. (Read 84362 times)
QGUP distribution ended. Such info was found in GUP BLOG. Instruction can be found here: https://blog.matchpool.com
Congratulations to every who participated in this QGUP distributions!
Congratulations to every who participated in this QGUP distributions!
The Qtum / $QGUP Developer Challenge
Are you a developer? Submit an MVP Qtum App for Matchpool Asia to win $50,000 and 5% of $QGUPs.
Asia is super important to the crypto ecosystem and we care a lot about growing Matchpool’s Asian presence. That’s why we’re running The QTUM Dev Challenge, a contest to develop the QTUM version of Matchpool in Asia that will use $QGUP as its currency.
What are we looking for?
A social app with the following requirements.
-Some paid in-app services
-Multiple forms of cryptocurrency accepted including $QGUPs
-Designed and operational
-Multilingual (Japan / China / Korea)
So what are you waiting for?
The competition opens on 8 Jan 2018 and will run through to 15 Feb 2018.
Winners
We’ll announce the winner on 18 Feb 2018 and award the prize of 5% of all $QGUPs (vested with 18 monthly payments) once the app is complete. The $50,000 prize (delivered in cash or $QGUPs) will be paid in 4 monthly payments upon MVP delivery.
https://blog.matchpool.com/the-qtum-qgup-developer-challenge-8e0529506fc8
Are you a developer? Submit an MVP Qtum App for Matchpool Asia to win $50,000 and 5% of $QGUPs.
Asia is super important to the crypto ecosystem and we care a lot about growing Matchpool’s Asian presence. That’s why we’re running The QTUM Dev Challenge, a contest to develop the QTUM version of Matchpool in Asia that will use $QGUP as its currency.
What are we looking for?
A social app with the following requirements.
-Some paid in-app services
-Multiple forms of cryptocurrency accepted including $QGUPs
-Designed and operational
-Multilingual (Japan / China / Korea)
So what are you waiting for?
The competition opens on 8 Jan 2018 and will run through to 15 Feb 2018.
Winners
We’ll announce the winner on 18 Feb 2018 and award the prize of 5% of all $QGUPs (vested with 18 monthly payments) once the app is complete. The $50,000 prize (delivered in cash or $QGUPs) will be paid in 4 monthly payments upon MVP delivery.
https://blog.matchpool.com/the-qtum-qgup-developer-challenge-8e0529506fc8
So it does look like Matchpool is moving towards QTUM blockchain usage rather than Ethereum. Better keep the QGUPs close to your chest. I believe it will be the one to moon.
I think this coin have much more potential when it comes to the price. Its hard undervalued.
if the developers will please us with news and work on the platform, I think that the upward movement is provided to us. I also think that this token is highly underestimated. 
I think this coin have much more potential when it comes to the price. Its hard undervalued.
I am not worried about price because everywhere is same situation until these market totally come out of this uncertainty it will continue. Tokens usage on mainnet is started since last month that is other thing timing wasn't favorable for such development. Keep holding and waiting for god times in future.
Will there be any market for QGUP as well. I also have received good amount of those tokens. It is considered pure dividends or bonus on Qtum but now need to see where those will be used to. There must be some usage of those token so thanks for that airdrop just for holding Guppies.
News are continue to coming and price start to rise again. But we need 10k as a dip. Qtum holders might dump their coins. which will start decrease again
what is the current price of matchpool today mate? do you think 10k is a good buy?But as i try to say it should be at least 10
News are continue to coming and price start to rise again. But we need 10k as a dip. Qtum holders might dump their coins. which will start decrease again
what is the current price of matchpool today mate? do you think 10k is a good buy?
News are continue to coming and price start to rise again. But we need 10k as a dip. Qtum holders might dump their coins. which will start decrease again
I thought I read somewhere that the QGUP airdrop claiming deadline had been extended to the end of 2018. Now I can't find that.
Was I dreaming?
Was I dreaming?
Just found this in the Telegram announcements group:
Quote
A clarification: QGuppy's snapshot was taken on December 6th, 2017. People who held GUP in their personal wallet and signed up for the disribution will receive the tokens at around January 15th. Others who stored the tokens in their wallets on Dec 6th and did not sign up for the distribution will have an opportunity to do so in the future and claim their QGUP. The distribution is not available for those who did not own Guppy on December 6th. Thanks for understanding!
Question now is: how do we find out about the future claim opportunity?
Matchpool Adds Atomic Swap to its Arsenal
What exactly is an atomic swap?
Atomic swaps, or atomic cross-chain trading, is the exchange of one cryptocurrency for another cryptocurrency, without the need to trust a third-party.
A relatively new technology, atomic cross-chain trading aims to revolutionize the way in which users transact with each other. For example, let’s say Alice owns 1 Qtum but would like 1 Guppy instead. She’ll have to make an exchange, right? Well, with atomic swap, if Bob owned 1 Guppy but wanted 1 Qtum instead, he and Alice would be able to simply make a trade!
And in order to create trust and prevent all sorts of problems like one-way trades (Alice accepting Bob’s 1 Guppy but then failing to send over her 1 Qtum), atomic swap utilizes what is known as hash time-locked contracts (HTLCs) — genius really.
What’s this useful for?
Over the last few years we’ve seen a large number of decentralized exchanges (DEX). The main purpose of these exchanges was to exclude the third party from the trading (p2p trading without a broker), a purpose that wasn’t really achieved mainly because of the inability to quickly execute trades outside of the blockchain it was built upon.
The recent blockchain hype has led to a surge in currency prices. The overall market for cryptographic currencies this week surpassed $700 billion. Such an increase in market cap is always accompanied by the high volatility of the currencies, and such volatility requires traders to be able to execute cross-chain transactions immediately, which is not fully possible on DEX today.Those limitations have resulted in very poor adoption and limited trading volume on DEX platforms.
Atomic swaps are the future P2P exchanges field
The main advantage of the atomic swap in the P2P exchanges field is that from now on, traders in DEX can trade coins from other chains and actually “lock” the price of a currency traded on another network immediately, thereby being less exposed to the risk of coin volatility, making them a real P2P exchange. By providing P2P exchanges to users and traders, liquidity is guaranteed and never relies upon a central exchange . We remove the middleman and begin exchanging P2P, decentralized, just as it should be with cryptocurrencies.
The last few months have been very exciting for atomic swap and its impact on the blockchain community. Companies like Komodo, Litecoin, Vertcoin and Decred have all successfully implemented atomic swaps, and many of us can say that Charlie Lee’s announcement of the Litecoin/Bitcoin atomic swap is one of the most important developments in the cryptocurrency world.
Matchpool has developed the implementation of GenericSwap, which will be the first contract to offer an exchange of Qtum, Ethereum and ERC20-based tokens across Ethereum and Qtum chains. This is a a groundbreaking step on the way to P2P exchange and this step may lead to another huge win if we can influence other companies to make an effort and develop open source solutions for the community.
Now for some Technicalities.
Atomic swaps involve each party paying into a contract transaction, one contract for each blockchain. The contracts contain an output that is spendable by either party, but the rules required for redemption are different for each party involved.
Hash time-locked contracts (HTLC)
Hash time-locked contracts (HTLC) ensure that the atomic swap process is completely trustworthy by ensuring both parties fulfill the requirements of the trade.
HTLCs require the recipient to acknowledge receiving the payment ahead of a predefined deadline by generating cryptographic proof of payment. By failing to do so, the recipient risks losing the right to claim the payment and the sender is entitled to receive back the funds.
To implement a HTLC on a transaction to occur between two different blockchains, it is necessary for both blockchains to share the same cryptographic hash function, such as SHA-256.
Now, let’s go back to Alice and Bob
Alice owns 1 Qtum and she just heard about Matchpool and Guppy so she wants to sell her 1 Qtum in exchange for 1 Guppy. We also have Bob who owns 1 Guppy and wants 1 Qtum instead.
https://blog.matchpool.com/matchpool-adds-atomic-swap-to-its-arsenal-6b5e06128b2c
What exactly is an atomic swap?
Atomic swaps, or atomic cross-chain trading, is the exchange of one cryptocurrency for another cryptocurrency, without the need to trust a third-party.
A relatively new technology, atomic cross-chain trading aims to revolutionize the way in which users transact with each other. For example, let’s say Alice owns 1 Qtum but would like 1 Guppy instead. She’ll have to make an exchange, right? Well, with atomic swap, if Bob owned 1 Guppy but wanted 1 Qtum instead, he and Alice would be able to simply make a trade!
And in order to create trust and prevent all sorts of problems like one-way trades (Alice accepting Bob’s 1 Guppy but then failing to send over her 1 Qtum), atomic swap utilizes what is known as hash time-locked contracts (HTLCs) — genius really.
What’s this useful for?
Over the last few years we’ve seen a large number of decentralized exchanges (DEX). The main purpose of these exchanges was to exclude the third party from the trading (p2p trading without a broker), a purpose that wasn’t really achieved mainly because of the inability to quickly execute trades outside of the blockchain it was built upon.
The recent blockchain hype has led to a surge in currency prices. The overall market for cryptographic currencies this week surpassed $700 billion. Such an increase in market cap is always accompanied by the high volatility of the currencies, and such volatility requires traders to be able to execute cross-chain transactions immediately, which is not fully possible on DEX today.Those limitations have resulted in very poor adoption and limited trading volume on DEX platforms.
Atomic swaps are the future P2P exchanges field
The main advantage of the atomic swap in the P2P exchanges field is that from now on, traders in DEX can trade coins from other chains and actually “lock” the price of a currency traded on another network immediately, thereby being less exposed to the risk of coin volatility, making them a real P2P exchange. By providing P2P exchanges to users and traders, liquidity is guaranteed and never relies upon a central exchange . We remove the middleman and begin exchanging P2P, decentralized, just as it should be with cryptocurrencies.
The last few months have been very exciting for atomic swap and its impact on the blockchain community. Companies like Komodo, Litecoin, Vertcoin and Decred have all successfully implemented atomic swaps, and many of us can say that Charlie Lee’s announcement of the Litecoin/Bitcoin atomic swap is one of the most important developments in the cryptocurrency world.
Matchpool has developed the implementation of GenericSwap, which will be the first contract to offer an exchange of Qtum, Ethereum and ERC20-based tokens across Ethereum and Qtum chains. This is a a groundbreaking step on the way to P2P exchange and this step may lead to another huge win if we can influence other companies to make an effort and develop open source solutions for the community.
Now for some Technicalities.
Atomic swaps involve each party paying into a contract transaction, one contract for each blockchain. The contracts contain an output that is spendable by either party, but the rules required for redemption are different for each party involved.
Hash time-locked contracts (HTLC)
Hash time-locked contracts (HTLC) ensure that the atomic swap process is completely trustworthy by ensuring both parties fulfill the requirements of the trade.
HTLCs require the recipient to acknowledge receiving the payment ahead of a predefined deadline by generating cryptographic proof of payment. By failing to do so, the recipient risks losing the right to claim the payment and the sender is entitled to receive back the funds.
To implement a HTLC on a transaction to occur between two different blockchains, it is necessary for both blockchains to share the same cryptographic hash function, such as SHA-256.
Now, let’s go back to Alice and Bob
Alice owns 1 Qtum and she just heard about Matchpool and Guppy so she wants to sell her 1 Qtum in exchange for 1 Guppy. We also have Bob who owns 1 Guppy and wants 1 Qtum instead.
https://blog.matchpool.com/matchpool-adds-atomic-swap-to-its-arsenal-6b5e06128b2c
I thought I read somewhere that the QGUP airdrop claiming deadline had been extended to the end of 2018. Now I can't find that.
Was I dreaming?
Was I dreaming?
Just found this in the Telegram announcements group:
Quote
A clarification: QGuppy's snapshot was taken on December 6th, 2017. People who held GUP in their personal wallet and signed up for the disribution will receive the tokens at around January 15th. Others who stored the tokens in their wallets on Dec 6th and did not sign up for the distribution will have an opportunity to do so in the future and claim their QGUP. The distribution is not available for those who did not own Guppy on December 6th. Thanks for understanding!
Question now is: how do we find out about the future claim opportunity?
Again we start to low volume and dump period. unluckly when gup start to increse smth happening. This time crash on btc. Hopefully we will see again over 1$
Definitely. Have you seen the news? Bigger corporations and banks are already planning an ICO for themselves. More people buying crypto currencies compared to the first part of 2017. This market correction is badly needed to temper the fomo nature people. It will expose the real trend.
I'm thinking this downtrend will be around for a while considering the bull run has been on for months. A lot of these projects were built with hype and fomo. At such, A lot of them don't live up to exchanges. So yeah, The correction is much needed. If Matchpool was a recent ico, It would've gotten the attention it deserves.
I thought I read somewhere that the QGUP airdrop claiming deadline had been extended to the end of 2018. Now I can't find that.
Was I dreaming?
Was I dreaming?
Again we start to low volume and dump period. unluckly when gup start to increse smth happening. This time crash on btc. Hopefully we will see again over 1$
Definitely. Have you seen the news? Bigger corporations and banks are already planning an ICO for themselves. More people buying crypto currencies compared to the first part of 2017. This market correction is badly needed to temper the fomo nature people. It will expose the real trend.
Again we start to low volume and dump period. unluckly when gup start to increse smth happening. This time crash on btc. Hopefully we will see again over 1$
They have generated QGuppy tokens but distribution didn't take place yet. This is what I found there https://explorer.qtum.org/token/QN19F5HKvhiaRvZH28Vr4Da5tJQwqtRxtE/transfers we can see tokens existence but none is holding yet. This means distribution will start very soon stay tuned.
Most the promising projects like Matchpool will see their tokens becoming lot more worthy than people are thinking. It seems that this is just another correction at large scale in altcoins market before this taking new take off to show us all these token to to their new all time highs in coming weeks.
Guys, the roadmap says QGUP distribution is on the 15th so I’ve been refreshing since 00:00 UTC and nothing!
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