Quote from: GRIDNET on January 12, 2018, 04:50:55 PM

Quote from: newworld on January 12, 2018, 04:36:57 PM

Quote from: GRIDNET on January 04, 2018, 11:28:23 PM

Here are the rules of the main round of our ICO:

Assumptions:
1 GRIDNET Coin = 1 000 000 GRIDNET Basic Units (GBUs)

The maximum supply will be equal to:
2 603 871 605 000 109 GBUs (GRIDNET Basic Units)

There will be two phases. The maximum supply will be divided into two equal (50%) parts.

The first part:

70% of which (911355061750037) - is a bargain - you can buy during the ICO
15% of which (195290370375008 ) - constitutes the Long-Term Investment Fund
15% of which (195290370375008 ) - constitutes the GRIDNET Team Development Fund

For each BTC you will receive 1 301 935 GRIDNET Coins =
You can calculate the ammount received when buing with Ethereum as follows:

1 ETH = 0.06625650(ETH/BTC) x 1 301 935 = 86261.66 GNC(GridNet Coins)

The second part:
Will be available for mining during the Proof-of-Work phase of our distributed consensus algorithm.
It will take approximately 3 years to switch to PoS.
When the system goes LIVE, miners will be able to mine GRIDNET Coins using their CPUs and GPUs.
The algorithm will be ASIC proof from the beginning.

Thus,
1 301 935 802 500 054 GBUs (50%) Will be the circulating supply just after the ICO ends.

The block reward will happen every 5 minutes, giving a total of 104 994 blocks
The block reward will be constant. Each block reward will yield a reward of:
Each block will reward around 4128.5 GRIDNET Coins.

After all of the blocks are mined, the system will switch to Proof-Of-Stake

==================
BTC Address: 1AHfW61W39r2YzMSKuXFURWvSc7Hic18aK
Ethereum Address: 0x2d1FEDf6d4106eF7F047a3c7002A3cB437daD36e
==================

Comparison with other blockchain systems:

Maximum Supply
================
GRIDNET (GBUs):
2603871605 000109
BTC (Satoshis)
2100000000000000
ETH:
unknown
IOTA (IOTAs)
2779530283277761
================

Total Supply Just After ICO ends:
=================
GRIDNET (GBUs):
1 301 935 802 500 054BTC (Satoshis)
1 677 747 500 000 000
ETH:
96 722 393 000 000 000 000 000 000
IOTA (IOTAs)
2 779 530 283 277 761
================

This probably creates one of the most distributed and fair ICOs ever created.

When you add the scope of our technology; Judge for yourself

And remember - the system goes live on the 31st of January.

And remember - the system goes live on the 31st of January.

do you remember your promise , "31st of January" , just a ps ,what do you take it to release ,if you can not ,you should not give a promise .

How are things at WePowerScam going : D you seem very dedicated

oh god what a simpleton.. anyway it is just good that he keeps posting it always bumps the ANN up in forum.. he is really doing a great marketing for gridnet..

to the point, I'm in the middle of your wallpaper and I'm more and more impressed, you guys put some thinking and definitely some nice hours of work into this. It makes me want to go back to university and work on something like this, that makes sense and definitely has the tech to make things better, create something whole society can benefit from. Cant wait to finish the paper, i think I will get in touch with you guys directly, maybe I can help somehow.. Another thing I like the fact that you are not hiding behind a Japanese pseudonym and proudly sign the papers with your name. In general the quality of whitepapers these days is miserable, a lot of "coins" don't have them at all, a lot is not signed at all and contain just irrelevant crap.. Good luck with finalization and looking much forward for the day one..it might be a day that will end up in history books:)

\Milan