CHIASSO, Switzerland (PRWEB) April 12, 2018
While originally having planned to go live on March 1st, Grain decided to postpone its public token sale after Swiss regulator FINMA announced its new guidelines for ICO’s. Although these guidelines aren’t legally binding (yet), requirements did become more stringent.
“We want to ensure that Grain is a sustainable, long-term success story and avoid potential compliance issues in the future. So we decided to be safe rather than sorry and postpone the ICO to make sure we comply with all requirements,” Onno Hektor - Grain’s CEO & President of the board - explains.
The first blockchain-based back-office solution for processing work agreements now sets out to collect the necessary funds to spread its solution across the world, after it exceeded its soft cap of 4000 ETH during the presale.
Work agreements on the blockchain
Contrary to other projects in the HR market, Grain is not a marketplace to help companies find and hire freelancers. Instead, Grain is an infrastructure solution enabling companies to process labor contracts through the blockchain and to automate payments.
By moving work agreements to the blockchain, the Grain solution helps companies remove a lot of the costs related to processing work agreements, such as payroll costs, transaction fees and currency conversion charges.
Especially with the evolution towards a dynamic workforce, a more flexible solution to organize work - Grain - will be the cornerstone to make that happen.
A strong team behind the project
Grain is founded by CEO Onno Hektor; a former senior executive for Microsoft, and board member André Bonvanie; a serial entrepreneur. Their backgrounds in building scalable sales organizations form a strong foundation for turning Grain into a great company.
They have recruited a highly experienced team of cryptocurrency professionals and business advisors to ensure the success of the platform. Not only are they joined by HR experts (including a former COO of Randstad and a senior university lecturer), Grain also has experts in IT security, insurance and other business veterans on board.
The Token Sale
During the ICO, Grain will offer 1,080,000,000 tokens, valued at 0.000037 ETH per GRAIN token (or 27000 GRAIN per 1 ETH). The minimum contribution is 0.5 ETH. Prospective investors can register their interest at the GRAIN website.
There’s also a bonus for participants contributing within the first seven days: a bonus of 10% during the first 48 hours, and 5% during the following five days.
Visit the GRAIN website: https://grain.io
Read the whitepaper: https://grain.io/whitepaper
How transactions work: https://www.youtube.com/watch?v=Vm4vYO56-ZY
Interview with the founders: https://www.youtube.com/watch?v=ro0DmPPrA-4&;
Interview about the roadmap: https://www.youtube.com/watch?v=ND6ijtegHhE