ANALYSIS QUESTIONS

Note:

These questions are largely adopted from the outstanding community from www.icocheck.io.

Strongly recommend to join them in their telegram group for discussion!

1. Understand that your company is incorporated in Switzerland. Could i have a copy of certificate of incorporation, list of directors and details of registered office address?

We’ve hired KPMG Switzerland to setup the legal entities and structure. I’ve reach out for a copy of the certification and office address.

2. Can i have details of any intellectual property which the company has created, registered or applied to register?

Not at the moment.

3. What is the vesting schedule for Team and Advisors token?

See FAQ on grain.io: Yes, 6 months, after which they receive the first 10%. With an additional 10% each extra month.

4. Is vesting for Team and Advisors coded in the smart contract?

Yes, it will be part of the distribution contract

5. Will there be smart contract deployed for the ICO?

Yes.

6. Was your smart contract audited by an independent cybersecurity company?

The contract was created by ledgerleopard.com, we’ve also asked them to get an independent reviews.

7. Could i have a link to your github repo?

Not at the moment.

8. Understand that the product is under private beta and i am told that there will be a demo. When would that be?

Yes, I can give you a quick demo in a call if you are interested?

9. When the product goes into public beta, will the code be published, and will it be audited by an independent cybersecurity company?

The goal of Grain is to create an platform in which other developers can participate. We’ll start with an open/public devkit. We’ll also use a part of our bounty tokens to invite the community to run infosec checkups.

10. Are you using a reputable 3rd party for KYC verification?

We’re working with shuftipro.com for the KYC process.

11. How safe is it to upload my Identity Document on your site?

Is my Data (Picture and other information) secure?Shufti Pro uses SHA512 encryption that nullifies the chances of your data being hacked or used by any third party without your permission. Your information is completely secure and no system can run through our encryption process and access your Data.

12. Are there financial statements? If so, are they audited, and by whom?

KPMG is doing the audit and contracts.

13. Are you all in talks with exchanges for listing?

Large exchanges only talk after ICO and healthy token distribution.

14. Will the price for main sale be different compared to the presale?

In presale we give a 20% bonus, larger investors are able to apply for slightly larger bonus. Something we won’t do in main sale.

15. It is mentioned in the FAQ about the potential transaction partners using grain’s protocol. Are they any confirmed partnership? If not, what is the current development?

Nothing confirmed yet, some very positive meetings with the directors at Randstad (owners of Monster.com for example), and USG people. Nothing on paper, both companies are stock listed and crypto/ICO is a touchy subject for them.

16. There are plans for the “piggy bank” mechanism built in to benefit the employers and employees. Building on this, are there plans to introduce staking or masternodes capabilities to entice the storing in “piggy banks”?

The concept is not really like a masternode, we only want to make the staking possible for people who really completed work agreements. The purpose of the Grain Foundation will be to secure and create a healthy token economics. It could be that a masternode mechnism will be added to the roadmap, no sign of that yet. (I’m also not part of the core tech team)

17. It is stated that there was a seed funding of $1 mil in which 500k was from the founder and 500k from seed investors. I understand there is a vesting for the founder indicated. How about the vesting for these seed investors?

The 500K from seed investors is a friend/familiy round, closed late 2017. They received a 30% bonus, most of them locked up their funds for 6 months in return. They’ll instantly receive their tokens, but most of the participants are not active cryptotraders. It’s really a friends/family round, no seed crypto funds participated.

Note to self: Have to consider the portion about the potential ‘exit’ of the initial investors carefully. See initial conclusion below.

18. For the advisors and partnerships who are getting 15% of the tokens, can i confirm there is no vesting?

Most of the advisors and partnership tokens are locked up for future use. The partners that do receive tokens from this allocation receive 50% of their tokens in April, and 50% of the tokens if they are still contributing to the project after 6 months.