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321  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: January 02, 2018, 09:50:06 PM
when does the mining starts?

Before the ICO. We will announce it on the website and here. Please stay tuned.
322  Economy / Services / Re: GRAFT - Credit Card and Crypto Payment Processing Network | Signature & Avatar Campaign | [CFNP] on: December 31, 2017, 07:02:06 PM
Hi guys,

The grf:tokens for week 5 have been transferred. BTC payments are being transferred.
Reminder - you will be able to exchange your NEM Mosaic grf:tokens to GRF coins (1:100) as soon as the GRAFT mainnet is launched (mid January). 

Happy New Year 2018!

GRAFT Network team
323  Economy / Services / Re: GRAFT - Credit Card and Crypto Payment Processing Network | Signature & Avatar Campaign | [CFNP] on: December 31, 2017, 06:22:38 PM
Hi guys,

We are sorry for delay, we have sorted it out, and promise it will not happen again. BTC payments for both week 4 and 5 will be processed shortly, and grf:tokens are being processed as we speak. Thank you for your patience and support for GRAFT Network project, and Happy New Year!

Best Regards,

GRAFT Network team
324  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 29, 2017, 10:34:51 PM
Can I count on any additional bonus, if I buy 230 000 GFR?


VOLUME BONUSES
GRAFT coins purchased   Bonus coins   Bonus %
100,000   5,000   5%
500,000   50,000   10%
1,000,000   150,000   15%
2,000,000   400,000   20%
3,000,000   750,000   25%
* all bonuses are subject to “one wallet” limitation – no “bonus pooling” allowed
325  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 29, 2017, 10:33:47 PM
As far as I understand, sellers will be able to issue gift certificates for their customers via Graft. I'm worried about the security problem: will any attackers be able to copy the created certificates?

No, the gift certificates will be stored in the wallet app and protected the same way as the account is protected
326  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 29, 2017, 10:32:39 PM
Good afternoon, everybody! Does anyone know if it will be possible to withdraw your income from Graft to a bank debit card?


Yes, the payout service broker feature is in the roadmap
327  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 24, 2017, 08:17:05 PM
Is graft a credit card or a payments platform?

There are a few credit card type coins out there already, like monaco, which are already developed.

If graft is a payments platform, would vendors need special software? This might reduce take up.

SUMMARY COMPARISON OF GRAFT NETWORK TO OTHER PAYMENT SOLUTIONS
https://www.graft.network/2017/10/03/summary-comparison-of-graft-network-to-other-payment-solutions/

GRAFT VS RIPPLE AND OTHERS: FOCUS ON BUYERS, MERCHANTS, AND THEIR PRIVACY

SINCE GRAFT USES CRYPTONOTE PROTOCOL, HAS THE MONERO COMMUNITY INDICATED SUPPORT FOR GRAFT?

ARE TENX AND OTHERS CRYPTO CARDS COMPETITORS?

HOW GRAFT IS DIFFERENT FROM OTHER CRYPTOCURRENCIES AND WHY IS IT BETTER FOR PAYMENT PROCESSING APPLICATIONS

HOW IS GRAFT DIFFERENT FROM DASH?

CASH, DEBIT, CREDIT, MOBILE, BITCOIN, OR GRAFT?

FEATURE COMPARISON – GRAFT VS. OTHER CRYPTO-CURRENCIES FOR PAYMENT PROCESSING APPLICATIONS


328  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 22, 2017, 09:07:35 PM
ICO Alert Report: Graft
https://blog.icoalert.com/ico-alert-report-graft-40c3eeafa4be
329  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 22, 2017, 08:19:44 PM
HOW WE PRICED GRAFT ICO

We get a lot of questions about the ICO pricing, including “Why GRAFT ICO is so expensive”. What follows is an attempt to explain how we arrived at the ICO pricing and what all contributed to it.

NOT ALL ALTCOINS ARE THE SAME

There are two types of altcoins (aka tokens) out on the market today – one that sit on top of another blockchain (like Ethereum), and others that implement their own blockchain. The ratio of derivative tokens to custom blockchain ones are roughly 100:1.  
It is a lot easier to do a derivative token based ICO – you just write a small amount of code in  Solidity (if Ethereum) – and you have a token you can sell. Doing or modifying a blockchain on the other hand involves a very substantial amount of engineering efforts – the team has to figure out the math and economics behind the blockchain, implement additional capabilities, secure that new functionality, create API’s, in many cases create applications like a wallet, etc. They also have to create a whole new network complete with node installation procedures, upgrade processes, and many other considerations.
GRAFT is the latter of the two – while leveraging CryptoNote protocol which addresses privacy, decentralization and fungibility as well as  great work that Monero team has done to improve scalability among other things, GRAFT is having to implement a new communication protocol that allows instant authorizations, a distributed API (DAPI) that allows connections from the POS and other applications, and a set of reference applications for the point of sale  and the wallet – just to name a few high-profile tasks.  


DERIVATIVE TOKENS COST MORE

Tokens run on top of another blockchain (say Ethereum), so purchasing a token is not sufficient to run the application that the token represents – you also need to purchase “fuel” (which is the underlying coin/token). The amount of fuel depends on the amount of transactions that the token application represents. Compare this to the blockchain like GRAFT which encompasses the value of entire transaction. As you can see, the cost of a token is more than meets the eye, in some cases much more.




PAY ATTENTION TO VALUATION, NOT TOKEN COST

Valuation (or capitalization) follows a simple formula: (Number of tokens or coins) x (Price of the token / coin).
It’s natural for people to think that smaller price of the token represents a bargain, but the critical piece in this equation is the number of coins or tokens that are being issued.
For example, which is less expensive (has higher valuation) – 1 billion tokens at $1, or 10 million tokens at $10?
It is as you could calculate the latter, with corresponding valuations of $1B vs $100MM.  So when you buy a $10 token from a 10 million token pool, you actually end up with a significantly (10x) larger piece of the pie than if you buy the same amount of the $1 token in a 1 billion token pool.
Most token ICO’s are not burdened by emission math (the formula that guides how the coins are mined, making the later mined coins harder to mine than earlier mined coins), so they issue a very large number of tokens (often in 100’s of millions or even billions) and then pricing the tokens low for the perception of the low entry cost.


Top 10 Derivative tokens (illustrating circulating supplies differences)


GRAFT VALUATION IS 1/40 OF DASH

GRAFT’s total final emission (the number of coins to ever be minted) is roughly 18 million (18,446,744 to be precise). We’re pre-mining certain number of coins (45%) to cover the ICO, marketing, reserves, and incentives. This is it. We will never be able to add or pre-mine any more coins!  We have also decided not to siphon off any fees from the transactions to fund the development like some of the other blockchains are doing.  
As such we have to make sure that whatever we raise now will be sufficient to sustain GRAFT project until no further development or support from the core team are required (we estimate that to be roughly 7 years with the overall team growing to 30-40 people). This is roughly $25MM.  
Now, we also have to account for additional unexpected expenses, crypto-currency fluctuations at the time of the raise, and potential taxable events. This means that we need to need to double the $25MM getting us to $50MM.
Since the ICO represents 25% of the total coin supply, the $50MM has to be equal to 25%, which brings the valuation to $200MM, and subsequently the price of the coin to roughly equivalent of $11 USD.


SUMMARY


When evaluating GRF pricing, it’s really important to compare apples to apples in terms of:
size of emission (or the number of tokens available)
type of a token/coin – a blockchain or a token on top of another blockchain
valuation which is a product of number of tokens multiplied by price
If you do such comparison, you will see that GRF token ICO compares very favorably against other blockchains on the market:

 Current circulationPriceMarket Cap / Valuation
Bitcoin16,678,650$6,100.00$100,000,000,000
Etherium95,715,037$310.00$29,500,000,000
Ripple38,622,870,411$0.20$30,000,000,000
Litecoin53,819,707$60.00$3,250,000,000
Dash7,687,407$340.00$3,200,000,000
Monero15,345,839$118.00$1,800,000,000
Graft (after ICO)8,301,034$11.00$91,311,374

The original post: https://www.graft.network/2017/11/16/how-we-priced-graft-ico/

Doesn't seem like a good deal for early investors in the pre-sale when btc was $5500 back then, which is now adjusted to be $35 token with btc at $19500 divided by 100/1 dilution  is currently 0.35 cost basis for them. They should get rewarded extra tokens.  .    

It's actually exactly the opposite - pre-sellers ARE benefitting a lot from the raise in crypto.  They got their tokens at $.06 (after the discount and factoring in the split), and with the ICO prices at $.35, they are effectively getting a 6x return, which is 2x better than what they would have gotten if they held the funds in BTC!
330  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 22, 2017, 08:18:58 PM
I commend you for this.  When mining is live, not on testnet, will it be possible to mine only on CPU.  If one doesn't have any GPU's to mine with, will a laptop suffice? 

For a start I think the CPU will be adequate because the whole Graft mining will be like bitcoin mining which start from CPU to GPU when the hashrate goes up.

[/hr]
Dear Graft Project,
You said Graft token will be available on exchange after the ICO could specify the exchange?

Would the Graft token also available on Coin cap market?
Is it not better you focus on the project first and after the ICO, then discussion can now be directed towards when it will be listed on the exchange sites and which one specifically.  The team have said it will be listed, and I believe they will keep to their word.

I also wanna suggest an ANN thread for btt users, we are interested in updates and news related to the project. Do you have some telegram channel available?

for discussion and engagement with the team, join the Telegram group https://t.me/GraftNet
for official announcement, check out the Telegram Channel https://t.me/graftnetofficial

Official announcement on telegram? What of those of us not on that platform. If it wont be too much stress, I think there should also be a further dissemination on the project progress on this ANN thread as well so we will all be informed. Telegram is good but it might be to clumsy and easy to miss important update which is very much easy on the forum.

Of course - we post all important announcements on both Telegram group chat and Bitcointalk thread.
331  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 22, 2017, 07:28:34 PM
I’ve read that crypto currencies will be instantly exchanged to fiat funds in payment process. Tell me, what commission will be charged for such a conversion?

GRF transaction fee is less than 0.1% for "native" GRF transactions. Exchanges will take their extra fee in case of "mixed" transaction that involves conversion from/to other cryptocurrency.
332  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 22, 2017, 07:24:25 PM
Hello! What payment methods will Graft community’s service brokers support?

We start from GRF, then go to Top 10 cryptocurrencies and eventually credit/debit cards.
333  Economy / Services / Re: GRAFT - Credit Card and Crypto Payment Processing Network | Signature & Avatar Campaign | [OPEN] on: December 22, 2017, 06:41:32 PM
Hi All,

All the grf:token payments for week four have been processed. BTC payments are still pending due to paralyzed bitcoin network. We are monitoring the situation and looking for solution. Everyone will be paid as soon as we find a solution that will satisfy everyone.

Thanks everyone for supporting Graft Network project! Looking forward for working with you guys during upcoming weeks!

Best Regards,

GRAFT Network Team   
334  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 20, 2017, 09:15:02 PM
Can you tell us what advantage your project will have over Omisego?

SUMMARY COMPARISON OF GRAFT NETWORK TO OTHER PAYMENT SOLUTIONS
https://www.graft.network/2017/10/03/summary-comparison-of-graft-network-to-other-payment-solutions/

GRAFT VS RIPPLE AND OTHERS: FOCUS ON BUYERS, MERCHANTS, AND THEIR PRIVACY

SINCE GRAFT USES CRYPTONOTE PROTOCOL, HAS THE MONERO COMMUNITY INDICATED SUPPORT FOR GRAFT?

ARE TENX AND OTHERS CRYPTO CARDS COMPETITORS?

HOW GRAFT IS DIFFERENT FROM OTHER CRYPTOCURRENCIES AND WHY IS IT BETTER FOR PAYMENT PROCESSING APPLICATIONS

HOW IS GRAFT DIFFERENT FROM DASH?

CASH, DEBIT, CREDIT, MOBILE, BITCOIN, OR GRAFT?

FEATURE COMPARISON – GRAFT VS. OTHER CRYPTO-CURRENCIES FOR PAYMENT PROCESSING APPLICATIONS

335  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 20, 2017, 08:56:20 PM
Hi, Graft!
We opened the block with comments a few days ago. Several people have already left comments on your ICO page: https://icoholder.com/en/ico/graft-pre-ico-2430 It would be great if you will follow your page and help your potential investors.

Thanks for the listing. The best and fastest way to get answers to questions about the GRAFT Network project from the team is posting them in this thread or in Telegram group: https://t.me/joinchat/EneBw0RALAOjkSL2mdt2Gw 
336  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 20, 2017, 08:51:36 PM
I would like to get an understanding on some things and would appreciate response from anybody who can provide answer. On the precious page where  there is post about block found and mining on CPU, my question is that is it possible to start mining graft token? If yes why would I need to participate in the ICO that is slated for January 18 if I can mine the same token I would be issued on payment of the corresponding amount intended to invest?

Not everyone can mine, so some people find it easier to buy. And even if you can mine, maybe you want to buy more than you can mine within reasonable time so you could host your own full supernode that requires a stake. The CPU mining is supposed to be quickly replaced by GPU mining and pools as the network hashrate is expected to grow fast.
337  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bounty][Pre-ICO] Graft - credit and crypto payment processing network on: December 14, 2017, 06:52:13 PM
Is your ICO over?

No, the ICO is scheduled for January 18th:
https://www.graft.network/ico/
338  Economy / Services / Re: GRAFT - Credit Card and Crypto Payment Processing Network | Signature & Avatar Campaign | [OPEN] on: December 14, 2017, 06:50:58 PM
Hi All,

All the BTC and grf:token payments for week three have been processed. Thanks everyone for supporting Graft Network project! Looking forward for working with you guys during upcoming weeks!

Best Regards,

GRAFT Network Team    
339  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] Graft - credit card and crypto payment processing network on: December 11, 2017, 09:04:40 AM
GRAFT NETWORK MVP DEVELOPMENT STATUS UPDATE



We are moving forward with our MVP development, and it’s time for another update! Last time we talked about several areas of current activities: network node, supernode, blockchain explorer, testnet, mining, mobile wallet and POS apps, and payment terminal apps. So let’s review the progress in all those areas.

Network node

We have done several changes required for supporting the supernode activities as well as protocol changes such as new wallet addresses. GRAFT wallet addresses now start from “G” for mainnet and “T” for testnet, so they could be easily distinguishable from other wallet addresses. Also, we have introduced a new transaction type flag in order to be able to distinguish between different transaction types. For example, a new transaction that is approved instantly by the authorization sample is different from a “standard” slow transaction (which is eventually going to be deprecated).

Supernode

We have successfully finished the transition of the supernode codebase from Python to C++ – good job, our development team! Essentially, it has been rewritten in C++ from scratch. It took time and efforts, but there are huge benefits of this refactoring: a unified technology stack and generic code reusability. Now both network and supernode are located under the same project in github, so don’t be confused by lack of activities in “supernode” project: it’s been deprecated.

We have started the full implementation of the most important core feature of Graft Network: real time authorization (instant approval). During the PoC phase, real time authorization was not fully implemented, and many core functions were just mocked up. Now we are implementing the real mechanism according to the original design described in the white paper. The optimistic flow is scheduled to be ready for testing by mid December, while the full implementation should be done by the end of the year. It is very heavy lifting from development point of view, but once fully implemented and tested, this feature alone is going to revolutionize crypto payments!

Mobile Wallet, Mobile Point of Sale, and Payment Terminal apps

We are actively working on further development and redesign of client applications, which include wallet and point of sale mobile apps as well as payment terminals’ apps for Verifone, Ingenico, Equinox, and AnywhereCommerce. The most recent versions of MVP apps are going to be open for public testing very soon. Stay tuned!

Mining

Mining is a key function which is required for a successful network setup. As such it is our goal to provide with a simple and streamlined process on how to mine GRF. Our vision is to provide holistic procedure (turnkey) which can be understood and executed by everyone, including non-technical users.

In order to achieve our goal we are currently testing and documenting the best and easiest processes for miner setup and configuration. Our effort is not limited to written instructions, and we are also planning on providing video guides on how to perform the setup and configuration. To minimize the entry barrier for mining we are also creating a template for cloud mining (AMI/terraform) allowing new users to mine with zero CAPEX investment.

Public testnet

The main testnet is open to public. Now you can run your own network node and supernode and even mine some test GRF coins with CPU minder and run basic transfers. Note that currently we do not accept any support requests for the testnet for two reasons: first, it is not stable, and the versions are changing literally every day, and second, we do not have a designated support team yet, and developers are focused on their primary development tasks so we could meet our very tight deadlines. Thus, please connect to the testnet at your own risk. Nevertheless, we are always open for healthy criticism and happy to receive any feedback and bug reports. You can find information about the testnet connectivity, network node, and CLI wallet setup below. The full supernode setup and configuration instructions will be also published soon.

Public testnet seed nodes: 54.207.116.130, 54.207.21.115, 54.233.159.189, 18.231.10.64

Public testnet block explorer: testnet.graft.network:8081

Installing VM

1. Install VirtualBox (another virtualization software can be used, but only VirtualBox has been tested):

https://www.virtualbox.org/wiki/Downloads

Guest OS is Ubuntu 16.04, x64. Download ISO image using following URL:

http://releases.ubuntu.com/16.04/ubuntu-16.04.3-desktop-amd64.iso

2. Open VirtualBox, create new Virtual Machine

Select menu “Machine -> New”, Enter name, Select “Linux” (Type), Select “Ubuntu (64-bit)” (Version):

3. Select at least 2Gb RAM for the Virtual Machine.

It is recommended to arrange 2Gb RAM per CPU core for faster build.

4. Create new Virtual Hard Disk:

Select “VDI (VirtualBox Disk Image), Dynamically Allocated, Adjust file location (if needed) and select size appropriately. If you set it as e.g. 100Gb it doesn’t mean 100Gb will be allocated immediately – this is just upper limit.

5. Mount installation ISO:

Select your VM in the list, click “Settings”, select “Storage” and mount downloaded ISO as a new optical drive to IDE controller

6. Start VM and install the OS:

Follow the steps: https://tutorials.ubuntu.com/tutorial/tutorial-install-ubuntu-desktop#2

Installing the network node and CLI wallet

1. Install git (if not installed already):

sudo apt-get install -y git

2. Clone Graft Network from GitHub repository:

https://github.com/graft-project/GraftNetwork.git

git clone https://github.com/graft-project/GraftNetwork.git

3. Go to GraftNetwork directory:

cd GraftNetwork

4. Install dependencies from the list https://github.com/graft-project/GraftNetwork#dependencies

Use the following command line:

sudo apt-get -y install build-essential cmake \

pkg-config libboost-all-dev \

libssl-dev libunwind8-dev \

liblzma-dev libldns-dev \

libexpat1-dev doxygen graphviz

5. Start the build:

Option A (Use all CPUs):

make

Option B (Defined CPU affinity):

make -j4

for “-j” param select appropriate number of CPU cores available on your system.

In order to build standalone binaries (i.e. to upload it to the server where no dev packages installed), invoke:

make -j4 release-static

Wait until compilation is finished (Approximately 21 minutes using AWS T2 Medium)

6. Copy binaries to the appropriate directory:

Option A (system scope) –

sudo cp build/release/bin/* /usr/local/bin/

Option B (user scope) –

mkdir $HOME/bin

cp build/release/bin/* $HOME/bin

7. Run Graft network node

Under folder /GraftNetwork/build/release/bin, the following components may be found:

graftnoded – Graft Network daemon;

graft-wallet-cli – Graft Network CLI Wallet.

Running Graft network node daemon:

graftnoded --testnet

8. Creating CLI wallet and connecting to the local testnet node

To create new wallet for the public testnet, invoke:

./graft-wallet-cli --generate-new-wallet --testnet

File location : ~/GraftNetwork/build/release/bin

It will try to connect to the local network node daemon, running in testnet mode, ask password for a new wallet, electrum seed language, generate new wallet, and finally open wallet with CLI interface. Invoke help to see available commands. E.g. CPU mining (solo mining) can be started with start_mining command.
340  Economy / Services / Re: GRAFT - Credit Card and Crypto Payment Processing Network | Signature & Avatar Campaign | [OPEN] on: December 08, 2017, 09:33:10 PM
Sheet has been turned to graft-project. Expect payments in a while for the second round.

After this round, we got 3 open spots for sr. member and 1 open spot for hero/legendary.



I would like to take the Hero member spot,if this is possible.
I will update my signature code,if the campaign manager accepts my request.
You have been upgraded. Update your signature.
Please, I ask again. Anyone to direct me on where or how to locate the private keys for NEM wallet. I have been unable to access mine since payment was made here. I guess I ought to uninstall and then reinstall the wallet. I can't do this if I don't have the private key unless I would lose my coins.
You will get so many guides on google. Search it there and if you still get any problems, PM me.

When can we expect the payment for round 2?
And how/when can we convert those Graft coins to BTC/ETH?

Thank You for the 2 rounds. I am moving now and you can assign my spot to somebody else.

All the BTC and grf:token payments for week two have been processed.
You will be able to exchange GRF tokens after the ICO is done.
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