Grain ICO Token Review

ICOScroll.COM, did review on Grain ICO by Understanding of White Paper and other Public materials and knowledge that offered to the Public by means of Skype, electronic mail, Website or other different available options.

Commercial risks:

Conclusion of tajo contracts on the basis of smart contracts is not officially recognized in most countries.

The wide acceptance of Bitcoin payments directly through online wallets, which could complicate matters given that the project functions via Ether.

The high volatility of cryptocurrencies; however the project is planning tools for fixing the exchange rate of tokens to fiat money at the time of signing a smart contract.

Technical risks:

the team states that the project will be based on smart contracts; however, it is currently not possible to see the code or test the platform.

it is not known if the platform will have a trouble-free launch (public tests have not been conducted).

difficulties with connecting the system to accounting (financial) programs and work time monitoring programs.

The system for connecting to ERP and other traditional business systems has not been disclosed.

Risks for investors:

Only 30% of the total number of tokens will be available to traders, which means that most of the tokens (15% + 5% + 49% = 69%) will be in the hands of the company and their ’employees’ in the community. According to industry analysts, this has been a problem for Ripple (XRP); although blockchain implies decentralization, the project will have a “centralized” approach.

Lack of cooperation agreements and the low popularity of the project could mean that returns on investment are below target figures.

As noted by technical support staff, there are many scammers in online discussions of ICOs (potential crowdfunders need to be careful).

Other risks:

implementation of the project (risk is associated with the internal contradiction between the team and the objectives of the project, however, these factors do not currently manifest themselves).

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Grain ICO Token Review

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