GRFT Utility Coin
GRFT is the GRAFT Blockchain utility coin. GRFT is proof-of-work (mined) and is private (based on CryptoNote).
The coin has numerous uses across the network:
Mining RewardsThe first (settlement) layer blockchain is a proof-of-work (PoW) blockchain that relies on miners who are motivated by block and transaction rewards as is customary with PoW blockchains. emission graph
Network RewardsGRFT is the currency that the network participants (Supernodes, Service brokers, Gateways) earn for their services.
RTA transactionsNo matter what you pay with and what you get paid out in, it gets converted to GRFT in order to take advantage of the Supernode-based Real-time Authorizations (RTA)
Atomic SwapsGRFT in combination with Supernode validators is what makes atomic swap exchanges work fast.
Fuel for Secondary TokensGRFT serves as a fuel for secondary tokens (merchant tokens, brand tokens, stable value payout tokens, etc)
SuperNode StakesSuperNode participation stakes that range from 50,000 – 250,000 GRFT govern how the transactions are distributed for authorization/validation among different tiers of SuperNodes
* – We don’t know exactly what it’s going to take to bring an ambitious project like GRAFT to its full potential. Currency fluctuations, regulatory issues, taxation, market development costs – are anything but certain. As such we retain a significant portion of the coin in the reserves to be used over the years as needed by the project team in order to accomplish projects ambitious goals of becoming a unified payment network of tomorrow. In the spirit of transparency, we’re making the wallet visible to community. Wallet| View key