GRAFT - Universal Payment Processing Network

[posi]

Graft doesn't seem to be a very good name, but looks like it's performing well. I didn't see a roadmap in the whitepaper, however. Can anyone link me to it?

Graft is a good name if you ask me because it also me 'work hard' and 'scion' in biology which increase plant grow. However, the purpose of this project is to make crypto mainstream of payment. There's always a good and bad side of everything though.

Concerniing the roadmap link here is it https://www.graft.network/ico/#roadmap

[cryptoyes]

There seems to be some over hype surrounding this coin. I hope it doesn't end up flopping like SmartCash.

Have a look at the ICO page:

- outrageously overpriced ICO (mining it is orders of magnitude cheaper, why would anyone want to buy in the ICO?)
- unsuccessful ICO (92 mil available to sell, only 22 mil sold) ... no surprise here. In fact, 22 mil is already too much.
- a hell of a lot of coins go to the team in some form (4+8+27% reserves - seriously?)
- mentions ICO cap in USD, but ICO priced in BTC.
- a long series of unverifiable (surreal?) claims, e.g. claims to have already achieved: 140 merchants for the mobile wallet, 40 partners on terminal integration, etc ... Wow, and this coin isn't even on any exchange. Why do you think they don't name any single one of those merchants/partners? (rhetorical question)
- team put forward a pool with 0.01% fee because "we want to help the community, we don't want money for ourselves". When their pool reached a few MH/s, guess what happened to that 0.01% fee? It became 1%.

Good luck to those who actually bought in this ICO.

p.s. Has anyone asked all advisors about it (scammy ICOs slap on names all the time)? Though this looks like a Ukraine get-together, international footprint is minimal at best.

I have no affiliation with the Graft team, however, i'll take a punt.

• From my understanding the Graft project requires a large decentralized network. Graft is never going to take off with 5-10 M/hs of network hash. It needs the kind of Network support that ETN gets. That's why the mining incentives are so high. Regardless of the ICO pricing, over 22 million were sold, so somewhere in the vicinity of 5 million USD. It's hardly unsuccessful when you consider that most of the new Cryotonight coins had no ICO( because they would have barely been able to scrape together anything). They also offer no real product or solution, just a forked Monero chain that offers nothing Monero doesn't. At least Graft is unique here.
• The 27% in reserves does need to be cleared up, however, the logical reason for this is that the project is very ambitious(Far more than people realize) and if it is to succeed then it's going to require more funding further down the track. Keeping an amount in reserves mean they can raise more capital when the price is far more established. It's not some kind of "scam", it's just they're planning now for a successful future
• I'm not sure why the ICO is priced in BTC, but hardcap in USD. Needs to be cleared up
• They could very well have signed up that many merchants and partners. All are probably small time. This too needs to be cleared up.
• The pool fee changed from 0.01% to 1% because the mining community were complaining that only charging a 0.01% was encouraging centralization( going against their decentralized model) because too many were mining on the official pools instead of spreading hash across all private pools, where fees were generally higher( 1-2%).  It had nothing to do with the Graft team trying to profit.

Mining incentive makes sense only if there is no ICO.  Both mining and ICO at the same time only make sense if you have hidden interests, really, then it makes a lot of sense. When you still open mainnet for mining and launch an ICO at the same time, and price the ICO literally more than 10x the price of renting hashpower to mine the same amount of coins, then either (1) you don't know what you're doing or (2) you are a scammer. Good luck investing in either of those two options.

22 mil is around $6m and I feel sorry for anyone who actually spent crypto to buy in the ICO. The amount of coins sold in the ICO is unverifiable though. There seem to be quite a few folks complaining about not receiving their ICO coins. But I wouldn't worry about those ... the team could have itself mined a lot and sold for more than 10x profit. Most of the hashrate has come from solo mining.

Graft is unique among Monero forks? Maybe unique in shadyness. Electroneum and IntenseCoin both offer utility.

What do you mean 27% reserve makes sense? You must be kidding. They already take 8% + 4% for PR! How many projects do you know that take 4+8+27% ... that's almost 40%, Jesus Christ.

Anyone claiming they signed up 140+40 (one hundred and eighty) commercial entities and gives no examples, let alone verifiable ones, should be an alarm.

Sorry, but the pool fee change (a minor aspect compared to the rest) is as shady as everything else about this coin:
- it wasn't the only pool wits <1% fee
- i never saw the "community" complaining about the low fee (link please)
- a team of professionals should have thought of those arguments before launching a pool claiming they will keep a low fee. Once again, that is either (1) stupid or (2) a classic bait-and-switch.
- there was no risk of consolidation as their pool was buggy at first then never had more than 10-15% of the entire hashrate. Most hashrate came from solo mining anyway (talk about consolidation).

[bitcoin.dbi]

Don't be afraid of Russians, they don't bite ))
Also, both GRAFT co-founders are Americans.

I am not afraid russians. Since im semirussian. But im agree that manager work in this project not the best... Probably need to change something. Good luck in your work.

[h311m4n]

There seems to be some over hype surrounding this coin. I hope it doesn't end up flopping like SmartCash.

Have a look at the ICO page:

- outrageously overpriced ICO (mining it is orders of magnitude cheaper, why would anyone want to buy in the ICO?)
- unsuccessful ICO (92 mil available to sell, only 22 mil sold) ... no surprise here. In fact, 22 mil is already too much.
- a hell of a lot of coins go to the team in some form (4+8+27% reserves - seriously?)
- mentions ICO cap in USD, but ICO priced in BTC.
- a long series of unverifiable (surreal?) claims, e.g. claims to have already achieved: 140 merchants for the mobile wallet, 40 partners on terminal integration, etc ... Wow, and this coin isn't even on any exchange. Why do you think they don't name any single one of those merchants/partners? (rhetorical question)
- team put forward a pool with 0.01% fee because "we want to help the community, we don't want money for ourselves". When their pool reached a few MH/s, guess what happened to that 0.01% fee? It became 1%.

Good luck to those who actually bought in this ICO.

p.s. Has anyone asked all advisors about it (scammy ICOs slap on names all the time)? Though this looks like a Ukraine get-together, international footprint is minimal at best.

I have no affiliation with the Graft team, however, i'll take a punt.

• From my understanding the Graft project requires a large decentralized network. Graft is never going to take off with 5-10 M/hs of network hash. It needs the kind of Network support that ETN gets. That's why the mining incentives are so high. Regardless of the ICO pricing, over 22 million were sold, so somewhere in the vicinity of 5 million USD. It's hardly unsuccessful when you consider that most of the new Cryotonight coins had no ICO( because they would have barely been able to scrape together anything). They also offer no real product or solution, just a forked Monero chain that offers nothing Monero doesn't. At least Graft is unique here.
• The 27% in reserves does need to be cleared up, however, the logical reason for this is that the project is very ambitious(Far more than people realize) and if it is to succeed then it's going to require more funding further down the track. Keeping an amount in reserves mean they can raise more capital when the price is far more established. It's not some kind of "scam", it's just they're planning now for a successful future
• I'm not sure why the ICO is priced in BTC, but hardcap in USD. Needs to be cleared up
• They could very well have signed up that many merchants and partners. All are probably small time. This too needs to be cleared up.
• The pool fee changed from 0.01% to 1% because the mining community were complaining that only charging a 0.01% was encouraging centralization( going against their decentralized model) because too many were mining on the official pools instead of spreading hash across all private pools, where fees were generally higher( 1-2%).  It had nothing to do with the Graft team trying to profit.

Mining incentive makes sense only if there is no ICO.  Both mining and ICO at the same time only make sense if you have hidden interests, really, then it makes a lot of sense. When you still open mainnet for mining and launch an ICO at the same time, and price the ICO literally more than 10x the price of renting hashpower to mine the same amount of coins, then either (1) you don't know what you're doing or (2) you are a scammer. Good luck investing in either of those two options.

22 mil is around $6m and I feel sorry for anyone who actually spent crypto to buy in the ICO. The amount of coins sold in the ICO is unverifiable though. There seem to be quite a few folks complaining about not receiving their ICO coins. But I wouldn't worry about those ... the team could have itself mined a lot and sold for more than 10x profit. Most of the hashrate has come from solo mining.

Graft is unique among Monero forks? Maybe unique in shadyness. Electroneum and IntenseCoin both offer utility.

What do you mean 27% reserve makes sense? You must be kidding. They already take 8% + 4% for PR! How many projects do you know that take 4+8+27% ... that's almost 40%, Jesus Christ.

Anyone claiming they signed up 140+40 (one hundred and eighty) commercial entities and gives no examples, let alone verifiable ones, should be an alarm.

Sorry, but the pool fee change (a minor aspect compared to the rest) is as shady as everything else about this coin:
- it wasn't the only pool wits <1% fee
- i never saw the "community" complaining about the low fee (link please)
- a team of professionals should have thought of those arguments before launching a pool claiming they will keep a low fee. Once again, that is either (1) stupid or (2) a classic bait-and-switch.
- there was no risk of consolidation as their pool was buggy at first then never had more than 10-15% of the entire hashrate. Most hashrate came from solo mining anyway (talk about consolidation).

ETN was an ICO and was mineable/tradeable before people received their ICO tokens, granted mining was only launched after the ICO ended.

The 27% reserve doesn't bother me that much. It would bother me if it looked as shaddy as so many of masternode coins that have popped up in the last 2 months. In the case of GRFT, there's a roadmap, a detailed whitepaper, the team is listed along with the linkedin profiles, it uses a GPU/CPU friendly aglo so everyone can participate in mining it and it has supernodes to secure the network.

To me Graft offers something that is maybe not unique, but certainly different from ETN which focuses heavily on mobile payment.

In the end the pros outweigh the few cons/to-be-verified aspects so I'll keep mining it while the diff is low and while it's not listed on WTM.

[cryptodunno]

looks like Graft project gets more and more support, and devs are taking care on further develompment and reputation.
Will keep an eye on it for future.

[Atomicc]

looks like Graft project gets more and more support, and devs are taking care on further develompment and reputation.
Will keep an eye on it for future.

Almost 4000 registered members in Graft Telegram group...definitely getting attention....

[Luci0gabsan]

They sold a lot of coins and now we find out that the software is not working ... Some time ago I immediately ran a test and found that it was impossible to send a coin to a friend from the android wallet, while it was possible to do it through the CLI wallet. All of this is not professional and I believe it will follow a similar path to electroneun (ETN). A beautiful site, a nice idea, many have believed and spent a lot of USDs. For now, the staff has many dollars ... and for now they keep them (and goodnight?) ... the value of the coins will collapse and will remain only a nice project on paper? I do not know !

original italian text ----
 
Hanno venduto un bel pò di monete ed ora scopriamo che i software non sono funzionanti ... Tempo avevo eseguito subito un test e scoperto che era impossibile inviare coin ad un amico dal wallet android,  mentre era possibile farlo attraverso il wallet CLI. Tutto questo non é professionale e credo seguirà un percorso simile a quello di electroneun (ETN). Un bellissimo sito,  una bella idea, in tanti hanno creduto e speso un bel pò di USDs. Per ora lo staff ha tanti dollari ... e per ora se li terranno (e buona notte ? ) ... il valore delle monete crollerà e rimarrà solo un bel progetto sulla carta ? Io non lo so !

 
 

[mdikmetas]

what last status for graft coins

[graft-project]

They sold a lot of coins and now we find out that the software is not working ... Some time ago I immediately ran a test and found that it was impossible to send a coin to a friend from the android wallet, while it was possible to do it through the CLI wallet. All of this is not professional and I believe it will follow a similar path to electroneun (ETN). A beautiful site, a nice idea, many have believed and spent a lot of USDs. For now, the staff has many dollars ... and for now they keep them (and goodnight?) ... the value of the coins will collapse and will remain only a nice project on paper? I do not know !

original italian text ----
 
Hanno venduto un bel pò di monete ed ora scopriamo che i software non sono funzionanti ... Tempo avevo eseguito subito un test e scoperto che era impossibile inviare coin ad un amico dal wallet android,  mentre era possibile farlo attraverso il wallet CLI. Tutto questo non é professionale e credo seguirà un percorso simile a quello di electroneun (ETN). Un bellissimo sito,  una bella idea, in tanti hanno creduto e speso un bel pò di USDs. Per ora lo staff ha tanti dollari ... e per ora se li terranno (e buona notte ? ) ... il valore delle monete crollerà e rimarrà solo un bel progetto sulla carta ? Io non lo so !

 
 

Here is the recent blog post explaining why "the software is not working" and when and how it is going to work:
GRAFT Transactions: How to Transfer Your GRFT Between Wallets
https://www.graft.network/2018/02/20/graft-transactions-transfer-grft-wallets/

[t1192002]

To apply to POS as a usual payment process we need to have a very fast transaction confirmation. What technology we  have to make sure no congression. And what is the limitation of transaction per second?

[GHminer98761]

I want to sell 15.5k GRAFT

Pm me for offers & details...

Min price 900sats !

[Cobra9900]

Functions transfer funds, in the mobile and Windows, do not work?
Inattentively read a few messages above

[bitcoin.dbi]

Functions transfer funds, in the mobile and Windows, do not work?
Inattentively read a few messages above

Can i get coins from pool to windows wallet or no? Didnt withrdraw yet. Just collecting it on pool

[DrTrouble]

Functions transfer funds, in the mobile and Windows, do not work?
Inattentively read a few messages above

Can i get coins from pool to windows wallet or no? Didnt withrdraw yet. Just collecting it on pool

Yes, that part works fine.

[tf2addict]

Why are links on the web site broken in the last few days?  The ICO and roadmap links do not work.

[sereneticelectrons]

They sold a lot of coins and now we find out that the software is not working ... Some time ago I immediately ran a test and found that it was impossible to send a coin to a friend from the android wallet, while it was possible to do it through the CLI wallet. All of this is not professional and I believe it will follow a similar path to electroneun (ETN). A beautiful site, a nice idea, many have believed and spent a lot of USDs. For now, the staff has many dollars ... and for now they keep them (and goodnight?) ... the value of the coins will collapse and will remain only a nice project on paper? I do not know !

Bleeding edge tech at launch really needs to stop bleeding..Not sure what we'd call it then, but ya know, then we wouldn't ever have any problems..ETN was what, a penny per coin tops during ICO, now 5 cents or so, 5x gain and holding over 4 months..Damnit, that is rough, should of gone with stocks or something...WTH do you actually have to complain about that is real? If you have no patience get out of the ICO world, it could be YEARSSSSSS before you see whatever you think is "success".  Anyway, best of luck no matter the case

Serenetic

[bitcoin.dbi]

Bleeding edge tech at launch really needs to stop bleeding..Not sure what we'd call it then, but ya know, then we wouldn't ever have any problems..ETN was what, a penny per coin tops during ICO, now 5 cents or so, 5x gain and holding over 4 months..Damnit, that is rough, should of gone with stocks or something...WTH do you actually have to complain about that is real? If you have no patience get out of the ICO world, it could be YEARSSSSSS before you see whatever you think is "success".  Anyway, best of luck no matter the case

Serenetic

I should admit that ETN costed even 15+ cents ;)which was more then 20x profit for ICO participators.

[ddthoa]

I'm mining this coin with 9 GPU and making plan keep it for two years.

[khairulryan]

I want to sell 15.5k GRAFT

Pm me for offers & details...

Min price 900sats !

interested.. pm me to deal

[evgenij.burchak]

So in the twitter campaign i must count the amount of my tweets, retweets and likes and calculate the amount of GRAFT to claim the bounty?

Why making it so difficult?

You don't have to calculate, we made this field optional, we will calculate it for you

It's nice to see that the company cares about people who are determined to work.