Topic: [ANN][GRID] ConsenSys Creates Grid+ to bring Ethereum to Electricity markets (Read 3820 times)

To my opinion the difference between the tokens sold during the ICO and the total supply is way too big.

Circulating Supply - 39,236,491 GRID
Total Supply - 300,000,000 GRID 

The company Grid+ can have an enormous influence on the price, they seem to own 87% of the total token distribution.

It feels like a huge pre-mine if you would compare it to a coin and it basically is...

If the price and volume would rise a lot in the future and their tokens are unlocked, Grid+ will be the one who will benefit the most,
because at the peaks they will probably sell / pay out.

It's not rocket science to calculate what the consequences could be for 'late' buyers.

They could literally lose money by the company they invested in if the trading volume is relatively limited.

Hey, do you need german translations for grid?

Grid+ have migrated to telegram:
https://t.co/BlwYnM6371

reference: https://blog.gridplus.io/grid-funding-and-future-bdd6d2cacf4f
Grid+ Funding and Future
It’s been a busy few weeks here at Grid+. On November 11th, our public token sale ended finishing the sale of GRID tokens. To all those who purchased, thank you!
We thought it would be helpful to give a brief overview of where we are with regards to funding, development, and operations. We’re especially excited by the work we’ve accomplished that will set our direction into the new year, and we’d like to share that as well.
Funding
Below are the current holdings of the company. To date we have spent zero of these funds, but we will begin to utilize them as we complete the spinning out process from ConsenSys.
94,070.8 ether
570.5 bitcoin
$125,000
At the time of writing, this amounts to ~$38.5m, which is ample to implement our roadmap. The plan is to sell only enough crypto to cover a six month run rate at any given point in time.
Unsold Tokens
A popular topic of discussion in our slack (now telegram!) has been regarding what we will do with unsold tokens. We are working with our legal team to reach a conclusion on where to put the unsold tokens from the sale and the tokens held in treasury for marketing and customer acquisition (90m). At this time, Grid+ has no plans to sell GRID tokens ever again. Furthermore, we have no plans to spend any significant number from the latter basket — as our business strategy has evolved since the initial allocation was made. The current options are:
Burn them
Lock them up for 1–2 years
Other options not yet considered
For the unsold tokens (~50m) we have the legal approval to lock them up, so we will do that soon (for 2 years). This will give us more time to approach a more permanent strategy. As of today, the unsold tokens remain in the sale contract. The treasury tokens require additional analysis, but we will continue to work on a strategy for those as well.
Development
Our high level technology strategy is to stand on the shoulders of those who have come before, while adding our strategic special sauce to the mix. We have begun diligently reviewing offerings from a number of firms who provide specialty software to electricity retailers. These solutions are modular, so our plan is to use their stack for pieces where blockchain doesn’t make sense (e.g. upstream interfacing with wholesalers) and implement our modules where appropriate.
In parallel, we have begun to define the initial version of the agent API. This will be logic that runs in the secure computing environment and will affect how third party applications interact with the device’s keys. The first version of this API is fully mapped out and we are starting to implement it in the form of a low level module that will interact with the secure signing firmware. In a similar vein, we have identified a board to utilize and are mapping out the firmware for it. We will provide updates via our blog as development continues. The technology is really exciting and we’re looking forward to sharing!
Austin Meeting
From Nov 20–22, we met as a team in Austin to discuss our roadmap and interview candidates for open positions. This was an extremely fruitful working session and has solidified upcoming milestones in our timeline. We will have more information on product developments in the coming months — let’s just say we are excited about what our agent device will become and what we can bring to the energy space.
The Near Future
In summary, we are on track to implement our designs for the future of energy. We will be heads-down in the coming months and will continue give the community updates on our progress. We are still targeting both the first version of the agent device and the launch of an energy provider in Texas in 2018.

lack of communication, slack is off, no one here, no reddit
the only active channel is "https://twitter.com/gridplus_energy"

Is there any plans to have the GRID tokens listed on other exchanges soon?

one of the best tokens you can buy from ED.
Will be happier if devs share more news, Do you think ED is enough for this big project?

Yes why? also slack invite link is out of date, and no reddit channel.

Cant see the value of this token.

The token allows the holder to access 500 units of discounted electricity, the retail price of which is aprox $75 (500kw/hs X $0.15).

Can't see people paying much for the right to access this cheap power?

Am I missing something?

Could you enlighten me? Token sale is going on with each 0.0037 meanwhile token is trading 0.002 on ED.
What is wrong?

Grid+ is now listed on CoinCodex. Now you can follow price in real-time and add it to watchlist!

reserve indonesia translation if you need.
ANN : yess
WP : yess

Is there a contract address to add to MEW? And number of decimals?

The projects created by ConsenSys have a very big interest from investors. Many of them are successful and have already released a ready-made version of the product. The approach to work is very encouraging.

Any thoughts?

When does the crowdsale end?

1.15$ per coin, I see no value in this as a short term investment, if those behind it work hard maybe in 2 years i can be worth 2-3 times that but, I wouldn't be surprised if 1 week after ICO price is at 0.50$

Hi will there be a bounty programme?

Grid+ does look good. If you have an interest in the sector though, have a look at Prosume Energy - very impressive team.

https://prosume.io