It can also be used as a more generic platform for any kind of paid membership community. The Matchpool platform will consist user generated Pools of individuals.
Matchpool App will implement a front-end interface, which will allow users to search for favorable pools in different areas, matched with different interests. Users can search various factors to see if something fits. In the on-boarding process, they will also be shown a list of pools in their area, which fits their particular demographics and interests.
Matchpool users will divide into two catagories – Joiners & Hosts. Joiners who wishes to enter a pool of their choice, will have to pay the pool’s requisite entry fee, which will be defined at the creation of that Pool by the Pool’s Host. In addition to this one-time registration fee, a monthly membership fee will be paid to the Pool. All payments will be held in an Ether based smart contract and will be processed using Matchpool’s network own token Guppies (GUP). While in the Pool, nature will take its course and all members would be able to interact publicly on private channels in a way resembling Slack’s interface.
Matchpool ICO successfully raised over 125K ETH in just under two days.