Topic: [ANN][ICO] Grain.io • The Backbone Of Modern Work Agreements - page 54. (Read 31002 times)

GRAIN has liquidity insurance. This means that if the chosen payment options are Escrow or Currency Option, the volatility factor is removed.  In the Escrow option, if when the time for payment has come and the value of GRAIN has decreased, GRAIN from the insurance wallet would be added to the escrow to bring the total amount needing to be paid.  If the value has increased, then the extra GRAIN in the escrow is removed and added to the insurance wallet to that the amount paid is still the agreed upon amount.  So say you were to be paid 50 grain which at the time was say $1 per grain for a total of $50 but when payment time came and the 50 GRAIN was $0.50 per grain, that would only be $25 so another 50 GRAIN would be subtracted from the insurance wallet and added to the escrow to equal the original $50.  However, if say the value of the GRAIN at the time of payment due was $2 per grain, then 25 GRAIN would be subtracted and added to the insurance wallet making the payment 25 grain still equaling $50.

In the Currency option, the employer buys the grain to pay you with after at the time of payment but locks in the exchange rate when the contract is made.  When the value of GRAIN has increased then the employer buys the GRAIN from the insurance wallet at the lower rate they locked in at.  When the value decreases, the employer just buys the GRAIN at the lower rate with the premium the employer paid to lock the rate in going to the insurance wallet.

Thanks for the info, I have read 12 pages. however, I couldn't understand how it works. The world is full of people like me who do not always understand the formula. For me it would be clearer if you showed an example. How it works, what's happening? For example we agreed that I'll sweep your street for $ 100, after we signed a contract with you the course of your cryptocurrency has risen to 60%. In principle, should not be bad. Bad perhaps another option, when triggered a global crisis and everyone began to sell their bitcoin and the rate of grain fell by 50%.

Watch Grain's interview with the founders at https://www.youtube.com/watch?v=ro0DmPPrA-4&feature=youtu.be

Grain may be volatile at times as crypto can be, but there is an insurance protocol that secures a batch of tokens, by design. So if Grain drops 20% the protocol adds the 20% in tokens to the smart contract.

The insurance mechanism is explained in detail on page 12 of the whitepaper: https://grain.io/grain-whitepaper-v101.pdf

Please tell me, have you resolved the question of volatility? As we all know all cryptocurrencies except the Tether is highly volatile. It deters potential customers, as it complicates life.

I also like the concept of this project was given a very nice and allocation is also great. the elaboration of the concept is very satisfying, it's easier in understand and in understanding, I believe it will definitely be a lot of investors who are interested in this project and will be increased participation by the participants. permission to monitor this project.

great concepts i think and i like it.
i will keep follow development on tread and social media.

Looks pretty interesting. Are there any press-releases the team can share?

On a separate note...I probably shouldn't be surprised to see that I have 2 degrees of separation from the team on LinkedIn, but I always am.

Break a leg guys.

A block-based contract work, is something that is still rather new.
If compared with the conventional working contract system, it will be more profitable for the employees, because the employees get bigger opportunities for their own survival.

Sign up for the pre-sale whitelist, or just register for the newsletter on the Grain website here:
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https://grainfoundation.typeform.com/to/BB1WY5
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For a more concise and condensed look at the Grain project, check out the one-pager: https://grain.io/grain-onepager-v101.pdf
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Public sale starts March 1, 2018!

Bounty is live: https://bitcointalksearch.org/topic/bountyico-grainio-the-backbone-of-modern-work-agreements-2779618

no singapore restriction?
glad to hear that

Waiting for the bounty and tokens rates.

The saving part comes in when you don't have to pay anyone for third part payroll services, like you have to now. The Grain system handles all of that.

The information says that companies can slash the cost of labor: By organizing work agreements through Grain, companies can save billions in expensive payrolling and other middleman services. Does it work like third-party contract kind of arrangement? but then the company still gets to pay, how does the saving part work?

Your project was listed on Foxico.io! https://foxico.io/project/grainio

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With how Grain works everything will be so easy.From getting the work details and compensation to the payment it looks so simple.Im hoping to be part of this great project.if not that lucky to be part of the team surely i will nvest in Grain.

The token price is based on proportional valuation which means that the more money is invested and collected during the token sale, the higher the value of the Grain token.

Yes, unfortunately it is restricted to residents of North Korea, United States, Iran, Crimea region of Ukraine, Syria and Cuba. But am sure this is because it has to abide by the legislation of these countries and regions.

This project seems quite very innovative, and interesting, are there any restrictions concerning regions to participate in the token sale?