Payments have evolved from barter to coins and gold in order to trade and store value, to banks and credit cards to make the process of storing money and paying faster and safer, to digital currencies to eliminate the need for banks as custodians. Now all that’s left is a payment network that’s capable of accepting any currency – digital or fiat, providing the receiver (merchant) a choice of payment method as well. That’s exactly what Graft.network is built to provide, in a decentralized way, enabling you and others like you to participate in facilitating processing of electronic payments and performing currency exchanges.
Graft.network is built on the idea that the payment industry can benefit tremendously from the democratization brought forward by the blockchain technology, but only when the right technologies are chosen and combined with the accepted industry workflows and systems. When done correctly, this transition to blockchain-based payments will lead to radically improved credit/debit payment system through the combination of lower transaction fees, tight privacy controls, low rates on credit balances, built-in loyalty programs, and connected extra services.
Graft.network Key Information
|Soft cap||4,350 USD|
|Hard cap||25,000,000 USD|
|Distributed in ICO||50%|
|Tokens for sale||92,233,720|
|Accepting||BTC, ETH, XEM, Fiat|
|Price in ICO||0.2800 USD|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Game Change Team Behind Graft.network
Open Platform for Service Brokers
It is difficult to completely automate or/and decentralize some services such as identity verification, credit card processing, or instant currency exchange. While some core features such as real time authorization and untraceability are provided and implemented by the network itself, many important services will be delivered by third party service brokers. It is difficult to completely automate or/and decentralize some services such as identity verification, credit card processing, or instant currency exchange.
Graft.network is not the job of the network to enforce compliance with local laws and regulations, it is its job to make it easier for merchants to fulfill compliances. An example of compliance enablement could be optional age verification or a KYC check triggered by a transaction that inovlves a product that requires it under the local regulation. Contrary to the blockchain reputation, they want the regulators to see how a blockchain based payment network could benefit them.
Transferring GRFT to the exchange hours ago
Some exchanges set a very high number of confirmations in order to avoid double spend on relatively low hash rate blockchains. This can lead to several hours before they consider the transaction as settled. Usually you can see the status of the settlement under the Deposit transaction list. Contact exchange for further support. If the balance hasn’t updated in a while (15-20 mins), try restarting your wallet. Keep in mind that first update takes longer than subsequent ones.
Authorizations and Funds Transfers
Graft.network is an acronym for Global, Real-Time, Authorizations and Funds Transfers. The word “graft” also means “a plant that has a twig or bud from another plant attached to it so they are joined and grow together”. GRAFT-ing is an advanced technique that botanist, farmers, gardeners, and hobbyist use to add living tissue from one plant to another.
This technique allows for the best traits of different plants to come together to create something better and more valuable than their original plant. The Graft.network does something similar by bringing together many ideas, principles, and technologies introduced and tested by creators of other blockchains and combines them with newly developed solutions for transaction processing.
Buyers and merchants
Ripple does not provide the privacy and unacceptability that are demanded today by potential Graft users – both buyers and merchants. When Graft.network pay with credit card, they share secret payment information (like credit card number) with some entities – the merchant, the issuing bank, the payment processor, the payment acquiring bank – but those entities are relatively trustable so they try not to share your secrets with the entire world, and no one else can see your transaction history without your or their permission.
Oftentimes, however, they fail to keep Graft.network secrets (think Target and many other retail mega breaches). With Ripple or Bitcoin or most other cryptocurrencies that are not based on CryptoNote protocol, the story is exactly opposite: there is no central authority that “knows” secret “card number” (private key), but at the same time anyone in the world can trace payments on the blockchain and link them to your identities with minimum efforts.