Use of Project Funds
Development Expenses
Funds going to development are spent on three primary things.
The first is salaries of team members, which operate, maintain, and update and have built the platform and oversee and control the Social Media platform.
Moreover, development fees will be used to pay for outsourced work. This outsourced work includes additional design work, audits, upgrades/revamps of the website and potentially backend work to the platform. Outsourced work can also include the addition of new elements on our platform, as far as the core development team is unable to push the changes through themselves.
The last allocation of the 'Development Tax', are any costs related to hosting payments to our third party provider, server costs, and other subscriptions and contracts. Below is an overview of near-term development updates, which will require a significant allocation of development funds.
Analytics Development Update
Support Other Payment Opptionalities
On-Ramp Fiat Payments
Cross-Chain Bridges/Listings
Lending Integration (P2P GPU, CPU & Node Renting)
Marketing Expenses
The most effective way to spread the word around any cryptocurrency is word-of-mouth. Blue chip tokens are built of engaged communities working together to increase exposure. The below list details ways in which the $GRID team aims to spend these funds. It is very important to note that we adapt to certain opportunities that arise. For example, if the right influencer reaches out, our strategy is flexible enough to allocate funds to this. However, being a Utility-driven project, we do not rely on and will not engage with small 'Crypto Twitter Influencers', that could potentially harm the project with coordinated 'pumps and dumps'. The primary allocation for our Marketing Funds, is therefore as follows. We do not tie a specific deadline to any of the below allocations as they are dependent on a variety of variables not completely in control of the team.
DexTools Trending
CG & CMC Listing
Partnerships & Integrations (i.e. PAAL, AMAs)
Tier 2 CEX Listings (i.e. MEXC)
Tier 1 CEX Listings (i.e. KuCoin)
Dextools, Poocoin & Other Ads/Banners
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