Our big June update post: Tokens, exchange and another partnership
We’re excited to announce that Grain has concluded its post tokensale audit. Together with our KYC partner and auditing firm KPMG we’ve compiled a due diligence package, to be fully prepared for any future compliance requests.
This is a huge milestone on our way to getting the tokens distributed, unlocked and eventually listed on exchanges. Let’s start with the token distribution.
Final token distribution on July 12th
All GRAIN tokens will be distributed before July 12th 2018 14:00 CET. At that time, every wallet will contain the correct amount of tokens, including the bonus tokens and tokens earned by referring new token sale participants.
Right now, not all wallets contain the right amount of tokens yet, due to the time of participation in the token sale and the modified amount of GRAIN/ETH. As most of you probably know, we started the token sale with a 1:27.000 ETH to GRAIN ratio, which we doubled to a 1:54.000 ratio mid-ICO. If you’re currently not seeing the right amount of tokens inside your wallet, this will be corrected before July 12th 2018, 14:00 CET.
On this date, the GRAIN tokens will be unlocked, which means holders will be able to transfer the ERC20 tokens freely over the Ethereum network.
The bounty tokens will be distributed before August 16th 2018, 14:00 CET.
Getting GRAIN listed on an exchange
Our biggest focus post-token sale, and our next milestone, is listing the token on a suitable exchange. In the last months we’ve spoken with many exchanges and received several listing offers. We’re happy to say that we’ve been approved by the listing committee of one of the few regulated exchanges we’ve spoken with, making healthy FIAT/GRAIN trading pairs a reality in the near future.
At this stage we’re not commenting on the exact exchange and listing day yet, but we’ll do so closer to the token unlock deadline.
We’re aware that this isn’t fully in line with the initial committed timing of “listing in Q2 2018”. However, we feel confident that a good exchange is better for the future of our project than listing on a random exchange, just to ‘tick a box’ on the roadmap.
Making friends along the way, Omnitude
One of our partners recently introduced us recently to Omnitude, an Enterprise level blockchain integration solution based in the United Kingdom. Together with them we’re investigating the possibilities of building a GRAIN labour contract-module that would be part of Omnitude’s ecosystem.
This could potentially make integrating labour related tasks a breeze for vendors, that power their business with Omnitude’s technology.
We’ll publish a more indepth write up about this collaboration in the upcoming weeks.
SUMMARY
- We’ve finished the token sale due diligence phase.
- All GRAIN tokens will be distributed and unlocked before July 12th 2018.
- Our project has been approved by a regulated exchange, listing details will follow in the upcoming weeks.
- Grain is investigating an Omnitude integration, to initiate labour contracts within it’s ecosystem.
Talk soon,
Onno Hektor
CEO and Founder of Grain.
