GRAFT Blockchain
Universal payment blockchain
GRAFT Blockchain is a first global, open sourced, payment gateway blockchain designed for the Point-of-Sale. The project aims to bring a lasting solution to most of the problems that cryptocurrencies face at the point of sale, including long wait times and high transaction costs.
Business services Cryptocurrency Internet Retail Software3.6
| Start Date | 18 Jan 2018 |
| End Date | 18 Feb 2018 |
| Token | GRFT |
| Platform | Separate blockchain |
| Country | USA |
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About GRAFT Blockchain
GRAFT Blockchain aims to bring a lasting solution to most of the problems that cryptocurrencies face at the point of sale, including long wait times and high transaction costs.
GRAFT Blockchain makes it easy for the merchant to start accepting cryptocurrency at the point of sale, without having to change processes or retrain people:
- GRAFT Blockchain Mobile Point of Sale app accepts various cryptocurrencies, which eliminates the need to maintain multiple point of sale apps and wallets
- Instant transaction confirmation, within hundreds of milliseconds to a few seconds, which enables normal in-store and online checkout process
- Transaction are settled in real time and payouts can be received in local currency
- Graft is integrating with leading terminal providers, what enables accepting cryptocurrency without changing POS system
GRAFT Blockchain makes paying with cryptocurrency as straightforward as using a credit card or mobile wallet.
- GRAFT Blockchain allows using your favorite cryptocurrency at point of sale
- Quick exchanges enable transfer among currencies at the time of payment, enabling “pay with any currency” features
- Transaction fees are small, proportional to the transaction amount, and always charged to the merchant (just like with traditional credit card payments, only much smaller). Micro purchases with cryptocurrency will be finally affordable
GRAFT Blockchain also offers variety of options for the eco-system partners to be part of the network and earn income while providing services:
- Supernode owners process transaction and earn fees
- Independent software vendors create back-office and other types of applications on top of the network
- Service Brokers provide merchant, pay-in/pay-out, arbitrage, and other services to the network
Running on its own blockchain sets the GRAFT blockchain project apart from its competitors that are based on the ERC20 tokens. As such, the Graft blockchain-based network will not be subject to the underlying blockchain conditions such as latency and fees, putting the company in a strong position to be able to offer optimum payment services.
Team
Milestones
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1
Q 4, 2017
TestNet, Mobile Point-of- Sale and Wallet Prototypes
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2
Q 1 2018
MainNet, Mobile Point of Sale and Wallet, ICO start on January 18
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3
Q 2 2018
Reference Service Broker, Crypto Exchange Integrations, Payment Processor Integrations
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4
Q 3 2018
POS SW and HW Integrations, Issuing Bank Reference Integration, GRAFT compatible Debit Card
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5
Q 3 – Q 4 2018,
100 K transaction volume
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6
Q 4 2018
Merchant Loyalty Program support through VC Chain (private networks)
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7
Q 4 2018 – 2019,
1 M transaction volume
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8
2019 – 2020,
10 M transaction volume
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9
2020 – 2021,
100 M transaction volume
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10
2021 – 2022,
1 B transaction volume
Financial
| Token | GRFT |
| Platform | Separate blockchain |
| Tokens for Sale | 92233720 |
| Accepting | BTC, ETH, XEM, Fiat |
| Hard cap | 25,000,000 USD |
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