GRAFT - Universal Payment Processing Network

[awardotter]

how many tokens in total are you issuing?

[1714726868]

1714726868

[1714726868]

1714726868

[1714726868]

1714726868

[1714726868]

1714726868

[1714726868]

1714726868

[posi]

GRAFT NETWORK MVP DEVELOPMENT STATUS UPDATE
https://www.graft.network/2017/12/07/mvp-development-status-update-2/

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.

You're right. We all have to focus on the project now but I m just overwhelm with the news because I don't see it come.

how many tokens in total are you issuing?

It was said on the GRAFT Credit Card and Crypto Payment Processing Network website during their pre-ICO that the total supply/maximum number of GRF will be 18,446,744 https://www.graft.network/tag/token

[liliiaolivia2017]

Is it true that neither the sender nor the recipient pays any fee for a limited number of low-priority slow money transfers between purses?

[RandyMagnum]

how many tokens in total are you issuing?

Total Emission 1,844,674,400 GRF
ICO HARD CAP, GRF   100,000,000
USD GRF target:   $0.11
Total emission was increased 100 times and the price was decreased 100 times https://www.graft.network/2017/12/12/1100-split/

[Chris314]

USD GRF target:   $0.11
Total emission was increased 100 times and the price was decreased 100 times https://www.graft.network/2017/12/12/1100-split/

So if I understand well GRF token has been split in 1/100 and is now worth 0.11$ (target after ICO). And what about the tokens given for signature campaign participants? Will they be raised accordingly?

[joae1975]

USD GRF target:   $0.11
Total emission was increased 100 times and the price was decreased 100 times https://www.graft.network/2017/12/12/1100-split/

So if I understand well GRF token has been split in 1/100 and is now worth 0.11$ (target after ICO). And what about the tokens given for signature campaign participants? Will they be raised accordingly?

”If you have received grf:token so far as part of the Presale, service, or bounty programs, we will apply the split at the time of conversion to the GRF coin.”

[Chris314]

”If you have received grf:token so far as part of the Presale, service, or bounty programs, we will apply the split at the time of conversion to the GRF coin.”

Thanks for the answer, I already got that point in mind. What isn't clear yet is about the time of conversion : it will apply at the beginning of ICO or before?

[bitofc]

https://youtu.be/Os24I_y9bCE

Graft is a global, open-sourced, blockchain-based, decentralized payment gateway and processing platform that anyone can use. Any buyer and merchant can use Graft in a completely decentralized and inexpensive way. Graft ecosystem is open, so anyone can participate by maintaining Graft blockchain and implementing network services. Graft employs payment processing protocols and flows similar to traditional electronic payment systems such as credit, debit, and prepaid cards, which are already familiar to and trusted by millions of users and merchants around the world. This approach enables easier and faster adoption of Graft as a mainstream payment platform, while eliminating the need for centralized intermediaries (payment gateways and processors) currently required to facilitate transactions between buyers and merchants.

[samsonn25]

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 circulation	Price	Market Cap / Valuation
Bitcoin	16,678,650	$6,100.00	$100,000,000,000
Etherium	95,715,037	$310.00	$29,500,000,000
Ripple	38,622,870,411	$0.20	$30,000,000,000
Litecoin	53,819,707	$60.00	$3,250,000,000
Dash	7,687,407	$340.00	$3,200,000,000
Monero	15,345,839	$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.  .     

[Rinsend]

if we can digest well what we can use / use in this project.
this is a project that has a very good future,
because in fact we can get the ease of what we need.
and this will be very much needed with the increasingly widespread digital payment system

[hqthief]

I want to invest in this project but I couldn't understand a few things.

What is the number of coins that are ever going to be produced?
What will be the price of one coin on ICO in usd?
What will be the minimum investment on ICO in USD?

[Edwardard]

I want to invest in this project but I couldn't understand a few things.

What is the number of coins that are ever going to be produced?
What will be the price of one coin on ICO in usd?
What will be the minimum investment on ICO in USD?

https://www.graft.network/ico/

[sltshp]

Can you tell us what advantage your project will have over Omisego?

[joae1975]

I want to invest in this project but I couldn't understand a few things.

What is the number of coins that are ever going to be produced?
What will be the price of one coin on ICO in usd?
What will be the minimum investment on ICO in USD?

https://www.graft.network/ico/

Why does everyone keep asking the same questions over and over again.  Read the thread, that's why it's here.

[Rinsend]

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.

yeahh. Rapid response is needed for any comments intended for GRAFT.
but apart from all that,
prospective investor must be patient to wait for every answer,
because the GRAFT party also has enough busy to take care of this project

[olubams]

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?

[graft-project]

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.

[graft-project]

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 

[BuyToHold]

Does graft is paying only with tokens translations works ?

[graft-project]

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