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Bob’s Gem of the day 14 – Graft (GRFT) The Next Ripple?

Gem of the day 14 – Graft (GRFT)

Current price:

$0.013513

All time high price:

$0.05 –  May 2018

Market Cap

$5,792,897 USD

Volume (24h)

$12,934 USD

Circulating Supply

428,688,745 GRFT

Max Supply

1,148,791,745 GRFT

Rank 442

Social:

What is GRAFT?

Most of the problems that cryptocurrencies face at the point of sale are and high transaction costs and long wait times. GRAFT Blockchain aims to bring a lasting solution by making it easy for the merchants to start accepting cryptocurrency at the point of sale, without having to change processes or retrain people:

GRAFT eliminates the need to maintain multiple point of sale apps and wallets with a mobile point of sale app that can accept different cryptocurrencies.

The advantages are;

  • Instant transaction confirmation.
  • Transactions are settled in real time and payouts can be received in a 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
  • Transaction fees are small
  • 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

Competitors:

  • Pundi X
  • PumaPay
  • Ripple

Why I like GRAFT:

  • GRAFT holders are rewarded proportionally for all transactions made across the network
  • GRAFT holders are paid the transaction fees.
  • GRAFT is hugely undervalued and is hiding away on Tradeogre! It’s still yet to moon.
  • Has a growing band on twitter fans, including myself!

Risks:

  • The current market has left everybody fearful of investing in coins for the long term. DYOR and invest in GRAFT if you believe they can deliver in the long run!
  • It’s a competitive space. GRAFT will need to ‘graft’ a lot in order to grab a decent market share from the big boys.

Rating:

9/10

  • More decentralised than Pundi, far cheaper right now than Ripple. Graft has it all to play for. Solid fundamentals. Still stuck on a tiny exchange. Can do much more on a larger exchange. I like GRAFT a lot.

Links:

Website:https://www.graft.network/

Exchanges:

 

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