GRAFT - Universal Payment Processing Network

[jacafbiz]

I have not read ant statement from the team in reaction to the recent SEC and different governments stances on ICOs, because some of the Chinese ICO projects have put out statements on refunding on investors fund

[shogun47]

I have not read ant statement from the team in reaction to the recent SEC and different governments stances on ICOs, because some of the Chinese ICO projects have put out statements on refunding on investors fund

This is an important point. Are they based in China actually?

[graft-project]

I have not read ant statement from the team in reaction to the recent SEC and different governments stances on ICOs, because some of the Chinese ICO projects have put out statements on refunding on investors fund

GRAFT is a token required for participation in Graft network activities, including but not limited to operating the full supernodes which provide instant confirmations and other important network services. Therefore, GRAFT is not a security.
We regret to hear recent news about the fact that some companies won't be able to conduct token sales; however, it does not affect Graft which is international project with main operations based in the US.

[tongokongo]

I am heavily interested in this topic!

[graft-project]

GRAFT PRE-SALE ON NEM PLATFORM

We are very happy to announce that Graft token pre-sale will be conducted using a token based on NEM Mosaic, a smart contract token platform. The Graft NEM based tokens (Graft:token) will be exchanged to GRF coins once Graft network becomes operational, which is preliminary scheduled for the end of the year. We are seeking to sell 135,000 Graft:tokens for 353.7 BTC. Pre-sale will start on September 15th 2017 at 15pm UTC and end on September 22nd 2017 at 15pm UTC. The pre-sale price of one Graft:token (0.001843 BTC / 0.028 ETH / 28.06 XEM) is 30% less than the final sale price which is set to 0.00262 BTC / 0.04 ETH / 40.09 XEM.

The Graft coin is called Graft (GRF), and is the “fuel” of the Graft platform. GRF are cryptographic tokens that will enable purchasers to transact and operate services on the Graft platform when it is launched by Graft. GRF is required for participation in Graft network activities, including but not limited to operating the full supernodes, which provide instant confirmations and other important network services. The total supply (maximum number) of GRF is 18,446,744. The majority of GRF will be created as a block reward by supernode operators during several years of mining. Since Graft uses combined Pow/PoS algorithm, 500 GRF will be required to deposit as proof of stake in order to operate the full supernode. For more details about its uses in the network, please see Graft white paper or/and Frequently Asked Questions:
https://github.com/graft-project/graft-white-paper/blob/master/graft-white-paper-1.02/graft-white-paper-1.02.md
https://www.graft.network/frequently-asked-questions/

At the time of the pre-sale, the Graft platform will not have been launched. Purchasers in the pre-sale will acquire Graft:token (NEM based smart contract tokens) in exchange for BTC, ETH, or XEM. 135,000 Graft:tokens pre-sold in this manner can be exchanged to GRF coins created in the Graft genesis block. Graft will allocate equivalent amount of GRF purchased in the pre-sale in the genesis block. The genesis block will constitute the inception of operation of the Graft network.

https://www.graft.network/2017/09/07/graft-pre-sale-on-nem-platform/

Website: https://graft.network
Email: info@graft.network
Telegram: https://t.me/joinchat/EneBw0RALAOjkSL2mdt2Gw
Twitter: https://twitter.com/graftnetwork
Facebook: https://www.facebook.com/graftnetwork/
Reddit: https://www.reddit.com/r/Graft/

[gold969]

hello, I participate in bounty twitter, I can not find a table to see myself, tell me the link  
maybe I did not read carefully, and missed.

[graft-project]

I have not read ant statement from the team in reaction to the recent SEC and different governments stances on ICOs, because some of the Chinese ICO projects have put out statements on refunding on investors fund

This is an important point. Are they based in China actually?

Is there any information that the team is located in China?

The team is based in the US with some developers located in other countries (not China).

[graft-project]

Test network is up and first versions of the POS and Wallet apps are available in alpha versions to play with. Big milestone, good job team!
https://twitter.com/graftnetwork/status/907155144579706880

[graft-project]

Since Graft uses CryptoNote protocol, has the Monero community indicated support for Graft?

While Graft supernode code is being written from scratch, the blockchain CryptoNote implementation codebase is forked from Monero. We do not anticipate a direct and immediate Monero community support. However, we believe that our project attracts people from CryptoNote communities as it adds a lot of features that are not available in existing CryptoNote implementations. One example of such a feature is real-time authorization (instant confirmation). Another example is hidden transaction fee amount, which is exposed to public view in all existing blockchains. This table compares Graft with Monero, Bitcoin, Dash, and other cryptocurrencies: https://www.graft.network/home/comparsion/

However, there are even more important features that are not simply enhancements of the CryptoNote protocol. No one needs just another blockchain, even if it provides better privacy. But Graft is much more than just “another blockchain”. Graft is innovative payment application platform which supports various payment and payout methods, either traditional or innovative. While providing “reference”, default implementations of applications and services, Graft ecosystem is open for any software vendors and service providers. We believe in diversity of payment methods and cryptocurrencies.

[graft-project]

Graft vs Ripple and Others: Focus on Buyers, Merchants, and Their Privacy

Focus on Buyer and Merchant Needs
Ripple’s is mostly focused on bank settlements, while Graft provide solutions to buyers and merchants. Buyers can pay anywhere with cryptocurrencies or plastic card using Graft wallet app. Merchants can receive payment from anyone using point of sale accepting both cryptocurrencies and plastic cards. Faster payment confirmations are provided by Graft supernode authorization sample, a process that is more similar to Dash masternode scheme. Unlike Dash masternode, however, Graft supernode is not a “wrapper” or a second tier as it is designed to be a monolithic code base that implements both real time authorization and blockchain settlement (mining) features. Such an architecture improves security of the real time authorization process, as payments cannot be settled “off supernode chain” by the “lower” level blockchain network nodes, without supernodes knowing about their existence. Thus, all Graft transactions are authorized instantly without requiring additional fee, by supernodes that are automatically selected by the network using combined proof of work and proof of stake algorithm.

Focus on Privacy
Ripple consensus protocol is different, and its main problem is that it does not provide privacy features: untraceability and unlinkability of payment transactions. Unlike Graft blockchain, all transaction information on the Ripple ledger is public. Ripple does not provide the privacy and untraceability that are demanded today by potential Graft users – both buyers and merchants. When we pay with credit card, we share our secret payment information (like credit card number) with some entities – the merchant, the issuing bank, the payment processor, the payment acquiring bank – but those entities are relatively trustable so they try not to share our secrets with the entire world, and no one else can see our transaction history without our or their permission. Oftentimes, however, they fail to keep our secrets (think Target and many other retail mega breaches). With Ripple or Bitcoin or most other cryptocurrencies that are not based on CryptoNote protocol, the story is exactly opposite: there is no central authority that “knows” our secret “card number” (private key), but at the same time anyone in the world can trace our payments on the blockchain and link them to our identities with minimum efforts. By Implementing CryptoNote and other features, Graft brings the level of untraceability of payment history similar to traditional credit and debit card system, while adding decentralization, privacy, and security, which are the features of any cryptocurrency that are absolutely impossible to achieve using traditional credit card payment technology.


Pre-Sale ends on September 22
https://www.graft.network/pre-ico

[graft-project]

Graft Token Pre-Sale is ON!
30% Discount.
https://www.graft.network/pre-ico/

[graft-project]

GRAFT Pre-SALE has been open for little over a day - so far we're KILLING it!
https://www.graft.network/pre-ico/

[knuckey]

the pre-ico is already start and if the pre-ico didnt reach the soft cap will the investor will get their coins back or it will continue to the ICO ?

[graft-project]

the pre-ico is already start and if the pre-ico didnt reach the soft cap will the investor will get their coins back or it will continue to the ICO ?

We will return if we do not reach the soft cap, but we are almost there

[rigel]

Few questions:

Will Graft algorithm be ASIC-resistant?

Does full supernode require the private key of the wallet where the 1000 Graft collateral is stored?
In other words: if a supernode is compromised will the owner lose his coins?

[D ltr]

the pre-ico is already start and if the pre-ico didnt reach the soft cap will the investor will get their coins back or it will continue to the ICO ?

We will return if we do not reach the soft cap, but we are almost there

what is the soft cap for the pre-ico ? since i saw all the address but there is just a few of coins there

[graft-project]

the pre-ico is already start and if the pre-ico didnt reach the soft cap will the investor will get their coins back or it will continue to the ICO ?

We will return if we do not reach the soft cap, but we are almost there

what is the soft cap for the pre-ico ? since i saw all the address but there is just a few of coins there

I am not sure what you mean by "few coins". We have majority of purchases done through NEM so maybe you haven't looked there. Also, we have Anyway, we set a soft cap for $400,000. You can find more details here: https://www.graft.network/pre-ico/

[graft-project]

Few questions:

Will Graft algorithm be ASIC-resistant?

Does full supernode require the private key of the wallet where the 1000 Graft collateral is stored?
In other words: if a supernode is compromised will the owner lose his coins?

1) Yes. Graft uses CryptoNote/CryptoNight.
2) No. We are implementing "detached signing" algorithm that allows validating the supernode ownership without requiring to keep the spending key on the host.   

[bitofc]

from the whitepaper, Supernodes facilitate the hosting of service Brokers

may I know what is that means in details?

Also the success of GRAFT network, also depend largely on the brokers.
anyone can be a broker or it need to be a registered entity?

are there anyone confirming that they want to run service brokers in GRAFT network?
if not, with lack of liquidity, im sure users might need to pay much higher price, when they convert their cryptocurrency or fiat money.

[CryptoViki]

Pre-ICO starts Sept 15 and when does it ends?