REVIEW GRAIN INTELLECTUAL PROPERTY PROJECT
WHAT IS GRAIN?
Grain
is an infrastructure solution that allows companies to process deals on blockchain, with immediate payment mechanisms.
SOLUTION
The solution is GRAIN
discounted that 10 times to 0.25% of the total contract price.
Challenge # 3: Late payment for flexible workers
Money is the lifeblood of the business. For small companies and workers flexibility, the impact of delays is particularly crippling: owners can not pay, can not hire new employees, have no place to invest in marketing or new equipment, etc. . In the worst case, it puts small companies out of business.
The GRAIN protocol is a "new money of work" and members can take advantage of the flexibility of the system's protocol to accommodate any possible workplace agreement.
LIFE INSURANCE
Due to the volatility of electronic money and the exchange rate of fiat currencies, we need to introduce a mechanism to ensure that both sides of the transaction are protected.
The most important aspect of the deal is that we ensure the employee receives the agreed amount in the fiat, but that does not mean the employer should be punished if the value of GRAIN fluctuates.
GRAIN
Must be an attractive option for employers, which is why there are three different payment options for you to choose from. For two of these methods, "Escrow" and "Currency Option", there should be a mechanism for successful transactions.
Escrow options
When the employer chooses to use the margin option, the full amount of the contract is prepayed and deposited.
Because there is a period between the time of prepayment and the time of consensus, it is possible that the exchange rate will change. That is why smart contracts automatically recalculate their value at the time of consensus: to ensure that employees are paid the right amount in fiat under the agreement.
The smart contract checks the value of the GRAIN available in the margin and adds or subtracts GRAIN as required to reach the agreed value, based on the prevailing exchange rate.
HARVEST SOLUTION
One of the benefits of using GRAIN is the Harvest, Grain solution to create an environment in which components of the ecosystem share in the success of GRAIN.
There are two ways that rewards are created:
• Profit sharing of margin insurance
• Personal compensation directly to workers
The rewards that users receive will be transferred directly into their wallet and they can choose when and how to withdraw money from this example to another ERC20 wallet or directly into the fiat currency through automatic exchange.
Proceeds from the escrow
As discussed in the Liquidity Insurance section, when the GRAIN increases over time, the premium will be more than the amount spent. This profit will be transferred directly to the ecosystem and distributed to the participants (both employers and employees).
Each year, GRAIN will announce an official statute for distributing this profit.
Direct compensation for workers
With each transaction made through GRAIN, workers receive a percentage that is transferred to their Harvest Fund. By default, this percentage is 1% of the transaction value and is paid by the employer. However, the lure user or transaction partner may decide how much of this percentage will be.
Many companies have contributed to the retirement of workers (through 401 (k) s or other retirement plans), and this mechanism is a great way to deal with that fact.
For a worker, Harvest Funds are a great way to accumulate savings as they accumulate more deals through the ecosystem. This fund can be used to secure future financing.
ROUTE
TEAM
For more information please refer to the link below:
Website: https://grain.io
Whitepaper: https://grain.io/grain-v101.pdf
Telegram: https://t.me/joinchat/FbIB_Ujj2m0kWeH0Bv5-lA
Bounty: https://bitcointalk.org/index.php?topic=2779618
ANN: https://bitcointalk.org/index.php?topic=2255643
username bitcointalk: huyng3008
url bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1543271
My eth address: 0x09F71Fbb0aed9B84559eCFc60f50EaEc77c6CdC8