We are excited as the clock ticks down on our ICO opening shot, Yesterday we have officially announced the Matchpool ICO price & bonuses
So, we ended up calculating ETH price in the last 18 days in order to calculate a new GUP price that will not be too high and and will still ensure protection against a drastic ETH price drop seconds after the ICO.
According to our calculation ETH average price in the last 18 days was approximately 40$
And thus, in light of us trying to raise 5 Million USD that means we are looking into raising 125K ETH in total.
With a maximum of 60 Million GUPs to be distributed to ICO participants we set GUP price at 480 GUP per 1 ETH.
The above stated price will be valid only during our initial 5 hours "Power Hours" phase in the beginning of the ICO
Here are the full bonus details of our early supporters:
First 5 hours (33%) - 480 Guppies for ETH
After 5 hours and during the first 3 days (22%) - 440 Guppies for ETH
After 3 days during the first 2 weeks (11%) - 400 Guppies for ETH
After 2 weeks until the end - No bonus, 360 Guppies for ETH
For further information see our last Medium post
So basically there is a slight chance this will end up raising more than 5 million usd right?
Exactly, if the price of Ethereum gets pumping more higher, it is very possible to raise more than 5 million, since the GUP:ETH rate is fixed. So pray for expensive Ether.
Also if from strange reason people wont invest in power hour but after than there will be more than 5 Milion
Are you seriously suggesting people won't buy in the 5 power hours of the ICO??? do you even listen to yourself?
There is a very good chance the entire ICO will be over within the first 5 hours.....