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Tokenomics, what about it?<\/p><\/div>\n
Nowadays, lots of folks are like:<\/p>\n

“DUDE<\/strong><\/em>, I just need to know whether to put my money into it (..) coz I want to get more<\/strong>“<\/p><\/blockquote>\n
more more more (..) And indeed that’s the very point! <\/em>\u00a0Now, lets get down to\u00a0Basics.<\/strong>\u00a0Every respectful project commits a ‘Whitepaper<\/strong>‘\u00a0 \u00a0with dozens (or way more) pages filled with ‘tokonomics<\/strong>‘, photos of money hungry ex-CEOs <\/strong><\/em>(watch out they as they<\/strong> <\/em>may want to eat you alive<\/strong><\/em>) and promises\u00a0of taking you to the Moon\ud83c\udf1a (she’s looking Good.. no.. she’s looking HOT\ud83d\udd25<\/em>), a project collects money and then… we all know how it usually goes.. down the road.<\/p>\n
As you probably do well know<\/em>,\u00a0we have been after\u00a0<\/em>after technology.<\/p>\n
(..)\u00a0ground-breaking new ideas <\/em>(..) new possibilities<\/em> (..) \u00a0passion<\/em> for things. With everything designed from the ground up, with their creations so high one can barely see a roof-top.. or can he not?<\/p>\n
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(..) Wizards<\/em>\ud83e\uddd9\ud83e\uddd9\u200d\u2640\ufe0f (..) they come from the lands of bits and bytes the 0s<\/em> and 1s<\/em> (..)<\/h3>\n<\/blockquote>\n
“(..) Right<\/strong>. Seemingly, they are not so much about ‘numbers’, are they ? as none have been published so far(..)\u00a0\ud83e\udd14<\/p>\n
Up Until Today<\/strong>!\ud83d\ude0a (..) as like it or not.. Tokonomics are very important indeed<\/em><\/strong>.<\/p>\n
Tech aside,\u00a0economy is\u00a0\u00a0the kind of a thing which allows for your own personal wallet to grow<\/strong>, by collecting returns from your investments (time or money).<\/p><\/blockquote>\n
Yet, for this,<\/strong> when it comes to a “cryptocurrency-project” three things need to hold true<\/strong>.<\/p>\n
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The project needs to be ‘good enough’ (now, that’s certainly obvious in case of \u22ee\u22ee\u22ee GRIDNET\u00a0<\/strong>OS, isn’t it?)<\/li>\n
You would need to invest into it (now if you’ve got good prospects about the returns.. then it’s called an Opportunity)<\/strong><\/li>\n
The Tokenomics<\/strong>\ud83d\udcb0 need to be rational and uphold technical aspirations of the\u00a0project.<\/li>\n<\/ol>\n
As for whether \u22ee\u22ee\u22ee GRIDNET\u00a0<\/strong>OS is a ‘good project’,- you already know it. Some would prefer to stick with Ethereum or maybe even Bitcoin and that’s the beauty of free-will\ud83d\udd4a\ufe0f<\/strong>\u00a0We won’t be getting much into point 2) either, at least over here, as there’s to be a separate announcement and invitation in regards the upcoming fundraising campaign. Here we are about point 3 solely.<\/p>\n
Now, grab a cup of coffee, if you haven\u2019t already (if you haven\u2019t and are still reading this then it must be a Good Project<\/strong>, indeed!) or imagine scents from the Old Wizard\ud83e\uddd9\u2019s cyber smoke pipe coming up your way..<\/p>\n
Monetary Policies<\/h3>\n
Monetary policies and accounting, together with technology,\u00a0<\/strong>are what allowed modern civilizations to blossom.<\/strong> Systems such as these arose independently in China, Egypt and Mesoamerica, with the oldest records stemming back from ancient Sumerian civilization in modern-day Iraq. Rejoice!<\/strong> <\/em>As we\u2019ve found a tablet\u00a0that recorded a transaction of.. five goats.<\/p>\n
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This tablet has an account in Sumerian cuneiform describing the receipt of oxen<\/p><\/div>\n
Now, we use paper no more, we prefer decentralized state-machines or ‘blockchains’.\u00a0 Sure! While some of us have already\u00a0Moved On <\/strong>(oh blessed be thee, believers in the\u00a0Wizardous<\/strong> <\/em>Holy Tome!)\u00a0<\/strong>.. some are\u00a0still stuck in the paper era or even worse, the era of centralized governments.<\/p>\n
Going back to Tokenomics<\/strong>. Investors look at these data and decide<\/em>\u00a0.. “is my money worth it? (..) or.. am I too loose (..)” ..dozens of visions <\/strong><\/em>spinning\u00a0through each and every\u00a0Inventor<\/strong><\/em>‘s head. As\u00a0each and every investor <\/strong><\/em>is after finding the Love of His Life<\/em><\/strong>\u2764\ufe0f<\/p>\n
(..) relax!<\/strong> No obligations needed.<\/p>\n
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Are you looking at The Next New\u00a0Thing<\/strong>? You definitely, surely are!<\/strong><\/h2>\n<\/blockquote>\n
While a project might be a crazy cool geek’s toy, if tokonomics <\/strong>are broken, – nobody would invest. Which means either a slowly or rapidly dying project and before you know it.. the moment is gone<\/em>\ud83c\udfb5<\/p>\n
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(..) \ud83c\udfb5 and we certainly do not\u00a0 <\/strong><\/em>want our moment<\/strong><\/em> to be gone, do we?\ud83c\udfb5<\/p><\/blockquote>\n
On the other hand, while Tokenomics <\/strong>might be seemingly<\/em> Great or at least rational according to some fundamental analysis (say a low capped project) , – how about the\u00a0usability<\/strong>?<\/p>\n
Have you<\/strong> taken the entire picture into account?<\/p>\n
See, crypto-realm is no more (solely) about crypto-payments. In \u22ee\u22ee\u22ee GRIDNET\u00a0<\/strong>OS<\/strong>\u00a0it’s like 0.001% of the functionality set introduced on day-1.<\/p>\n
See, a project might had promised you a decentralized computer.<\/p>\n
Folks behind it might have said that it would reward for data exchange.. but see,-\u00a0its Tokenomics <\/strong>turned out to be\u00a0‘low-capped’. If the project ever gained popularity in the first place, its system intrinsic crypto-asset would be way too expensive for a normal daily use, not to mention rewarding peers for data exchange on a per-byte basis.<\/p>\n
Here, one may recall IOTA’s (I<\/strong>rresponsible O<\/strong>nes T<\/strong>ake A<\/strong>dvantage, let us never forget!)\u00a0enormously huge supply politics. If they ever got anything right, it surely was understanding that for rewarding such miniscule tasks as data-retransmissions,- a large monetary supply with high-precision denomination was needed. Anyhow, let IOTA R.I.P<\/p>\n
Wait, a sec..<\/strong> so the project at hand is not only about cryptocurrency, but about many.. no.. wait a sec.. a zillion of other things?<\/p>\n
Relax<\/strong><\/em>.. feel the Wizardous<\/strong> <\/em>scents coming up your way.. we’re talking about true.. decentralized operating system experience.. where literally anything could happen. Like back in the Windows 3.11 time when all of the sudden a guy named Bill, came up with the idea of drawing windows on his screen (..)<\/p><\/blockquote>\n
Wait. hold on a sec(..)okay! Under the assumption they can really pull it off (..) who’s covering the development costs?\u00a0 Should we put our faiths entirely in DAO-based assets’ assignment and voting? Is the project to be developed and maintained<\/strong> <\/em>for next 1.. 2 years? or maybe 200+ years? In any case, we need to cover the costs and assure progress.<\/p>\n
We need to afford best developers money can buy. We are about true Wizards<\/strong><\/em>\ud83e\uddd9\ud83e\uddd9\u200d\u2640\ufe0f\u00a0We’ve been after and offered nothing less since the early 2017 on our YouTube LIVE-streams.<\/p>\n
\u00a0Wizards\ud83e\uddd9\ud83e\uddd9\u200d\u2640\ufe0f (..)\u00a0armed with guns of computer science and cryptography no mercy for centralization have they got .<\/h2>\n
Let us settle our thoughts and think about two main pillars of the current crypto realm.<\/p>\n
As you might be already well aware of, there have been two camps, for the most of it, each with their own Truths<\/strong><\/em>:<\/p>\n
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Bitcoin Camp –<\/strong>\u00a0these fellas, they cherish what they’ve got and we all know – they haven’t got much. Bitcoin can send and receive assets and that’s about it. What they’ve surely got are clear supply rules. Deflationary monetary economy. Beauty lies in simplicity. There’s no arguing about that. But what about a sexy, smart women? She’s not that simple (lots of atoms) even still,- you want her (so bad)<\/li>\n
Ethereum Camp –<\/strong>\u00a0that was supposed to be the world-wide decentralized computer everyone was waiting for. Deflationary money policy. No hard-caps. Truth is no one\u00a0knows its economy and surely no one\u00a0knows what its economy is going to be tomorrow. It all depends on how Vitalik sees fits.<\/b><\/li>\n<\/ul>\n
That only demonstrates the power of technology<\/strong>. As long as everything works. Everything is FINE<\/strong>. As long as expectations are fulfilled, people do not care about the details. They do not care whether Ethereum’s monetary decisions are centralized or not. It works? It’s fine. There’s a scent of decentralisation in the mix and then it’s all good. It’s good enough. That\u2019s until people get some sort of wakeup call.<\/p>\n
What we need to learn from it; is that peoples’ hunger for more than what Bitcoin is – allowed Ethereum to flourish into the biggest cryptocurrency project right next to it. Ethereum is way more than Bitcoin. It has an enormous problem though. What is it? Its technology is rooted back in the days when Bitcoin was conceived. Ethereum fellas learned from Bitocin, they did an amazing job; but still they haven’t departed far enough to withstand the glory of \u22ee\u22ee\u22ee GRIDNET\u00a0<\/strong>OS, did they? The possibilities it allows for.<\/p>\n
Let us get back to Tokenomics<\/strong>.<\/p>\n
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(..) It turns out there\u2019s no point to having a hard-capped monetary policy (..) a hard-capped monetary policy may be both risky and dangerous if the\u00a0Project is supposed to support worldwide system at both macro and micro scales (..)\u00a0What the Tokenomics (or any other monetary policy)\u00a0need to <\/strong><\/em>assure, though, are stability<\/em> and predictability<\/em>.<\/p>\n<\/blockquote>\n
Otherwise people wouldn’t know what they could afford the next day and planning wouldn’t be feasible.<\/p>\n
To cite\u00a0Ben Edgington\u00a0for Decrypt<\/a>:<\/p>\n
“Bitcoiners are obsessed with this. The defining property of their blockchain is that it has fixed issuance\u2014this is their thing. For them, it’s all about money supply. In Ethereum it\u2019s all about getting stuff done.”<\/p><\/blockquote>\n
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In \u22ee\u22ee\u22ee GRIDNET,\u00a0<\/strong>it\u2019s about getting stuff done as well. (..) still (…) in \u22ee\u22ee\u22ee GRIDNET OS\u00a0<\/strong>(..) what\u00a0has already been done<\/strong><\/em> and\u00a0is to be done<\/strong>\u00a0 (…) is significantly more than in all the previous blockchain projects combined. Let us Rejoice!<\/strong><\/em><\/p>\n
Let’s cut the cake..<\/h1>\n
Recently, we’ve rewritten portions of \u22ee\u22ee\u22ee GRIDNET\u00a0<\/strong>OS to allow for high-precision computations (including extremely precise 256-bit floating-point numbers! Recall that at the same time Ethereum doesn’t even support single point 32-bit based floating point arithmetic’s).<\/p>\n
The changes that we’ve made also allowed for extremely high-fidelity Tokenomics. Let us take a look, shall we?<\/p>\n
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Note:<\/strong> the amount of coins to be offered to the public, as depicted below, is to be sold across two separate rounds of public offerings. The details in regard to\u00a0these are yet to be published.<\/p>\n<\/blockquote>\n
The\u00a0name of the asset is GRIDNET Coin (GNC)<\/strong>. The currency has a high-precision denomination. Namely,<\/p>\n
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1 GRIDNET Coin (GNC)<\/strong> = 1*10^18<\/strong> GRIDNET Basic Units<\/strong> or GRIDNET Atto Coins<\/strong><\/li>\n<\/ul>\n
so in ‘lame notation’<\/em> that would be equal to:<\/p>\n
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1 GNC<\/strong> = 100000000000000000<\/strong> GBUs\/Atto Coins<\/strong><\/li>\n<\/ul>\n
Maximum Total Initial Supply:<\/strong> 952 Million GNC<\/strong><\/p>\n
During fundraising,<\/p>\n
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Expected Per Token (GNC) Price:<\/strong> 0.3 USD<\/strong><\/li>\n<\/ul>\n
Let us now see what the possible outcomes of the upcoming fundraising campaign are, and how these could affect the initial total supply. In any keys always do keep in mind that whatever the outcome of fundraising campaign, ‘the product’<\/strong> is already ready for the most of it.<\/p>\n
Additionally, in any case, 30% of the initial total supply comprises The Wizardous Fund<\/strong>, with the minimum of 42 million GNC<\/strong>.<\/p>\n
The charts to follow are in millions of United-State Dollars and are fixed at the initial GNC<\/strong> price of 0.3 USD. That’s for better visualisation. Thus, the\u00a0charts do not attempt to reflect or estimate\u00a0expected fluctuations in the price of GNC<\/strong>.<\/p><\/blockquote>\n
Best-case scenario (all assets sold out)<\/h3>\n