Post
Topic
Board Announcements (Altcoins)
Re: The Graph Protocol - APIs for a vibrant decentralized future
by
TheBeardedBaby
on 19/12/2020, 00:02:52 UTC
GRT was listed on Poloniex today and the will open the trading later today as they said :
https://poloniex.com/exchange/USDT_GRT

Another listing today on Kraken.
https://trade.kraken.com/charts/KRAKEN:GRT-BTC

It is bullish for sure.
How many tokens they sold to private investors? if they raised 12 mln usd with price 1 GRT = 0.03 usd, than they sold only 400 mln tokens, but total supply are 10 billions tokens  Huh
This information isn't public yet. And team sad that they will give inforamtion about this before network launch. But in telegram chats some investors from 2018 gave to community information that on seed and privat rounds was sold 1.6 bil tokens with average price near to 1 GRT = 0.003-0.004 usd. It's like almost 10x from ICO price. But all these tokens will be locked for 6 months. While all ICO tokens wull be unlocked from the start.

That's a bit woring if those private investors bought that cheap and those locked coins, when they gonna be released? I was thinking to hold a bit longer but with this much total supply and the news that some tokens will be released after a certain time I don't think long term holding will be that beneficial..