Grid+ is proud to announce the completion of the GRID token pre-sale! GRID tokens generated an enormous amount of excitement and the Grid+ team is happy to share information about the pre-sale now that we have finished taking purchases. Our team wants to take a moment to thank everyone who supported the pre-sale and supported our company. More than ever, we’re ready to help bring you the future of energy as well as the best consumer experience the industry has ever seen.

Before we do the recap, we want to once again remind you that all official Grid+ information is disseminated by either @gridplus_energy on twitter or from the gridplus.io domain (which includes this blog). As we approach the public token sale, the Grid+ team wants to keep you safe from scams and make it extremely clear that:

Grid+ will only post the token sale contract address on gridplus.io.

Okay, on to the pre-sale recap.

Motivation

The main goal of the pre-sale was to save the Ethereum network from congestion that the community has seen affect a number of token sales. A common tactic used by large buyers is to combine a large gasLimit with an extremely large gasPrice so that miners will pick up their orders and block everyone else out. This slows the network to a halt and results in large purchasers getting the majority of tokens.

By restricting the pre-sale to large purchasers ($50,000 and above), we hoped to service these requests in a more controlled fashion and allow everyone else to participate in the regular sale, which has no such restrictions. We are encouraged by the number of large purchasers who saw the future utility of GRID and joined the pre-sale with large purchases at a discount.

Statistics

08/19/17: The number of GRID tokens sold have been updated. For more information, please see this correction.

During the GRID token pre-sale, Grid+ sold 36,422,909 GRID tokens and currently holds the following assets:

85,407.0 ether

584.8 bitcoin

$125,000.00 USD

Using today’s prices, these assets sum to roughly $27.7M. In terms of USD collected at the time of sale, the total is $29.0M.

With the pre-sale officially finalized, this leaves 53,577,091 GRID tokens for sale in the public token sale on October 30.

Conclusion

The Grid+ team is very happy with the success of the GRID token pre-sale. It was more laborious than expected, but Grid+ reached its goal of selling around half of the 90M GRID tokens and it looks forward to the public sale where the Ethereum network can process payments automatically. This is a great example of where Ethereum shines.

The Grid+ team hopes you will join us on October 30th for the public GRID token sale and that you will one day become a Grid+ customer who contributes to the future of energy. Thank you all for your support.

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