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Showing 4 of 4 results by Griffelinos
Re: [ANN][ICO] GRAFT - Universal Payment Processing Network
Inflation when it's worst, just print more money.. Just my own guess 
my thoughts are similar with yours. so if i don't ICO participant, but GRAFT holder this is very bad news for me. May be it's not final decision. Year I now how you feel, I took a big hit by selling out. All GRFT I had, (+300k GRFT), I bought at 0.00000600 BTC and sold out at 0.00000200 BTC. Damn that hurts
I really was very excited about this projekt at the beginning and wanted to hold a Super Node, but I sold out because I saw that statement from Graft team about Air Drops. (I was really pissed off by this decision about Airdrops, and didn't know about it)
I don't know how low GRFT will go or even if it will survive. But I'm out
Unfortunately I think they will make this Airdrop, they have stated in this post that they will commit to this.
https://bitcointalk.org/index.php?topic=2115188.msg41114156#msg41114156
As I told i took a big hit and i know a few people that did the same, I don't think GRFT have a future if you can't trust the team, unfortunately I don't.
I hope you wont lose to much on this GRFT.
Re: [ANN][ICO] GRAFT - Universal Payment Processing Network
look like i missed news about airdrop for ICO participants. is it official graft team statement? where can i read more about it? i didn't find anything on website. thank you
https://www.graft.network/2018/06/26/ico-airdrop-clarification/
I don't know how much GRFT will be on marked after the airdrop, but there will be a lot.
Be aware of the examples, there seem to be missing a zero. I inserted the missing zero as a red 0
Quote
Example 1 ; September 20 GRFT price is 0.00002620 BTC or higher no airdrop will take place
Example 2 : October 10 GRFT price is 0.00002620 BTC or higher no airdrop will take place
Example 3 : November 10-18 GRFT price avg 0.00001310 BTC (and the price hasnt crossed 0.0000262 BTC before then), each ICO purchase of 1 GRFT will receive ONE additional GRFT via airdrop.
Example 2 : October 10 GRFT price is 0.00002620 BTC or higher no airdrop will take place
Example 3 : November 10-18 GRFT price avg 0.00001310 BTC (and the price hasnt crossed 0.0000262 BTC before then), each ICO purchase of 1 GRFT will receive ONE additional GRFT via airdrop.
So it looks like the airdrop will take place, I dont see the price can reach 0,00002620 BTC any soon. And I think that the price of GRFT will drop even more after the first airdrop and the second and the third etc. etc. , as a lot of ICO participants wish to get some of their money back, by selling out each time.
Inflation when it's worst, just print more money.. Just my own guess
Re: [ANN][ICO] GRAFT - Universal Payment Processing Network
https://www.graft.network/2018/06/26/ico-airdrop-clarification/
ICO AIRDROP CLARIFICATION
Dear GRAFT Community,
We would like to take this opportunity to clarify the promise we made to the ICO participants to do an airdrop if the price doesnt recover to the ICO level within nine months.
Why did we do it?
As you might imagine, weve never before carried out an ICO, less so an ICO based on a live mineable blockchain. As such, we came up with coin pricing based on what we assessed to be a fair market value (very conservatively at that, comparing to other similar projects). One thing we didnt know was that the price of the coin would be immediately driven down by ASIC miners, creating a large disparity between the ICO and mining price levels. As project leads we felt compelled to make it right by the ICO participants and to rectify this situation.
Terms of the Airdrop
The following are the terms of the airdrop:
If the price of GRFT doesnt recover to the ICO level (0.0000262 BTC) prior to November 18, 2018 (9 months from the end of the ICO) for a reasonable period of time (24 hours cumulative, according to CoinMarketCap), GRAFT project team will airdrop the difference in GRFTs to the ICO participants in good standing. The effective price at the time will be determined based on a 10 day moving average.
Example 1 ; October 20 GRFT price is 0.0000262 BTC or higher no airdrop will take place
Example 2 : October 10-18 GRFT price avg 0.0000262 BTC or higher , no airdrop will take place
Example 3 : November 10-18 GRFT price avg 0.0000131 BTC , each ICO purchase of 1 GRFT will receive ONE additional GRFT via airdrop.
The effect of potential airdrop
The actual number of GRFTs issued for the airdrop will depend on the price difference between the airdrop and the ICO price (in BTC). Currently, we estimate that no more than 50M GRFTs are at stake. The funds will be provided from the undersold ICO funds, and since all the ICO funds were earmarked for circulation, should not result in an increase of the circulation supply.
Conclusion
We understand the controversial nature of this offer and value communitys opinions and feedbacks. We try to make decisions that are fair to all our supporters, while carrying on the mission of the project. Your support is highly appreciated and valued.
Best Regards,
GRAFT Team
I have been following bitcointalk.org a long time but never posted anything. My first post, but I simply had to reply to this. ICO AIRDROP CLARIFICATION
Dear GRAFT Community,
We would like to take this opportunity to clarify the promise we made to the ICO participants to do an airdrop if the price doesnt recover to the ICO level within nine months.
Why did we do it?
As you might imagine, weve never before carried out an ICO, less so an ICO based on a live mineable blockchain. As such, we came up with coin pricing based on what we assessed to be a fair market value (very conservatively at that, comparing to other similar projects). One thing we didnt know was that the price of the coin would be immediately driven down by ASIC miners, creating a large disparity between the ICO and mining price levels. As project leads we felt compelled to make it right by the ICO participants and to rectify this situation.
Terms of the Airdrop
The following are the terms of the airdrop:
If the price of GRFT doesnt recover to the ICO level (0.0000262 BTC) prior to November 18, 2018 (9 months from the end of the ICO) for a reasonable period of time (24 hours cumulative, according to CoinMarketCap), GRAFT project team will airdrop the difference in GRFTs to the ICO participants in good standing. The effective price at the time will be determined based on a 10 day moving average.
Example 1 ; October 20 GRFT price is 0.0000262 BTC or higher no airdrop will take place
Example 2 : October 10-18 GRFT price avg 0.0000262 BTC or higher , no airdrop will take place
Example 3 : November 10-18 GRFT price avg 0.0000131 BTC , each ICO purchase of 1 GRFT will receive ONE additional GRFT via airdrop.
The effect of potential airdrop
The actual number of GRFTs issued for the airdrop will depend on the price difference between the airdrop and the ICO price (in BTC). Currently, we estimate that no more than 50M GRFTs are at stake. The funds will be provided from the undersold ICO funds, and since all the ICO funds were earmarked for circulation, should not result in an increase of the circulation supply.
Conclusion
We understand the controversial nature of this offer and value communitys opinions and feedbacks. We try to make decisions that are fair to all our supporters, while carrying on the mission of the project. Your support is highly appreciated and valued.
Best Regards,
GRAFT Team
I just saw this post about airdrops for ICO investors yesterday and got pretty angry because i didn't see this comming.
As an investor and buying up GRFT on different exchanges, I'm a very concerned, no let me correct - I'm 100% sure that GRFT price will drop dramatically after that airdrop as a lot of ICO holders deffently will dump GRFT on exchanges to get some of their money back.
A lot of the GRFT I bought was at 0.00000600 and above I bought it before you announced this airdrop just after I read about the project which sounded promising at that time, at the moment GRFT is worth 0.00000207
I know Crypto is a risky buisness but you are not making it easyer by comming up with these ideas.
I'm not sure what to do, take a very big hit and get out while GRFT is worth just a little bit, or HODL. I think I'll sell
Can I or anybody trust the team in the future or will there be another GRFT dump to compensate others or maybe the team, just to undermine the future price of GRFT
This project started up great, but I think you guys unfortunately just shoot yourself in the food, and took a couple of my toes at the same time. Does any body feel the same ?
/Griffelinos