Blockchain Shakeup: Matchpool to Dual Launch on Qtum and Ethereum


Qtum and Matchpool have announced that Matchpool will dual launch on Qtum and Ethereum. Qtum is a groundbreaking platform providing the first Decentralized Governance Protocol and Proof-of-Stake consensus mechanism for smart contracts. Now with more than 10 projects being built on Qtum, blockchain industry leaders are increasingly looking to Qtum to solve complex issues of scalability and deliverability to their projects. Qtum delivers a smart contract platform running on a proof-of-stake consensus model for the first time, allowing individuals and businesses to use smart contracts on mobile devices while staking their Qtum holdings to secure the network.

Matchpool raised nearly $6 million over two days earlier this year and has since become an established decentralized application, outperforming projects that raised much more in token sale funding. The Matchpool platform allows anyone to create monetizable communities and build engagement with incentives. Community owners can create communities, or “pools,” and select custom business models to suit the needs of their audiences. Pool owners can further embed their communities into websites and applications across the web. The use cases for this technology are endless and beneficial for a range of business models, as “matchmakers” earn rewards for facilitating connections. Matchpool is led by CEO Yonatan Ben Shimon and advisor Gavin Woods, CTO and co-founder of Ethereum.

“By dual launching our platform on Ethereum and Qtum, we’ll be able to expand Matchpool’s presence in Asia, where the community is very active and supportive,” said Yonatan Ben Shimon, CEO of Matchpool. “I’m proud to be working with the exceptional team at Qtum as we usher in Matchpool’s next phase of growth.”

“We had an instant connection with Matchpool once we understood their value proposition,” said Patrick Dai, Co-Founder of Qtum. “There will be great potential when this is combined with Qtum’s mobile smart contract capabilities.”

As Qtum adds functionality and prepares for broader adoption, the team has joined several organizations to influence decision-making in key sectors. Qtum recently became a founding member of the Trusted Internet of Things Alliance. Jordan Earls has joined the Chamber of Digital Commerce’s Smart Contracts Alliance as co-chair. In addition, Qtum has added one of China’s most notable entrepreneurs and angel investors, Charles Xue, as a strategic advisor.