Preface

Before you dive into the sea of information that awaits you in this article, let’s take a moment to acknowledge the elephant in the room – the cryptocurrency market. Yes, that vast, mysterious, and often baffling universe that has most of us scratching our heads and reaching for a crystal ball. If you’ve ever found yourself trying to explain blockchain, decentralization, or the importance of market capitalization to a friend (or, let’s be honest, to yourself) and ended up feeling like you were speaking a foreign language, you’re not alone.

Further, as you might have heard GRIDNET Technologies LLC (the company behind GRIDNET OS) is conducting a presale before their upcoming integrations with some of the most prominent cryptocurrency exchanges. The asset is being sold at the price-point of 0.2 USDT per 1 GRIDNET Coin while the markets are scheduled to open at the price point of 0.3 USDT per coin. Where will it go from there? To the moon and beyond ! Of course. Yet still, as an investor – either before the coin enters the markets or after, one thing is certain – you want to know. You want to know what you’re getting yourself into. Not only Tokenomics but  how many assets have been sold, how many airdropped? You would like these information on hourly basis..no! You would like to have an utility to show you the exact live data the moment you want it. Is there a ‘pre-mine’? Right,  then how many assets have been released already? There are vesting rules governing founders’ accounts?  Ok, then how do you know if those vesting rules are actually obeyed? What’s the current total market’s capitalization?

And that, dear reader, is precisely why this article exists. We are here to shed light on the sometimes confusing, often misunderstood, and yet undeniably exciting world of cryptocurrency investments – with special focus on how they happen even before a project enters exchanges. Specifically, we’ll be unpacking GRIDNET OS’s ‘market’ utility – a tool that promises to make our lives a little easier, our decisions a little more informed, and our faith in the future of cryptocurrency a little stronger, which of a significant importance especially now – should you wish to participate in the initial offering.

So, buckle up, grab a cup of coffee (or tea, or whatever beverage helps you focus), and let’s embark on this journey together. Who knows? By the end, you might just find yourself a little bit wiser, a little bit more informed, and hopefully, a lot more confident about navigating the ever-evolving landscape of cryptocurrency. Maybe you would even find yourself a big fan of GRIDNET OS?

Wizards🧙‍♂️🧙 wish you Happy reading!

P.S. No crystal balls were harmed in the making of this article.

Introduction

In today’s rapidly evolving digital landscape, the need for secure and transparent operating systems has never been greater.  We’ve been having decentralized platforms such as Ethereum but all these could ever allowed for were ‘smart-contracts’ meaning Turing-complete code packages which are signed and broadcasted throughout the peer-to-peer network. While thus allowing for way more than Bitcoin, the overall architecture stays almost exactly the same.

Did you know? Ethereum differs from Bitcoin mostly in allowing for Turing-complete instruction sets. What are these? Conditional branches such as IF, ELSE, WHILE and LOOPs. Despite this, there are more than many ‘web3’ project aspiring to build ‘next-internet’ on Ethereum. Is this feasible? We will let you decide for yourself. Hint: it just might be not.

That’s a far fry from what the decentralized community actually needs. It takes way more to allow interactive applications we are used to from ‘centralized’ operating systems such as Microsoft Windows or Mac OS X. In fact, it takes a whole new architecture. In particular it takes a ‘reversed’ Thread Model to allow for real-time interaction between the end-user and a decentralized application running atop of the system.
Enter GRIDNET OS, the world’s first successful implementation of the concept of a decentralized operating system.  Designed to address the growing concerns surrounding data privacy and security. It does not live on your computer’s hardware though.  Instead, your native operating system is only being used to deliver terminal services such as  a web-browser or SSH which are used to access the decentralized operating system which lives in a realm of peer to peer nodes.

Why would that be useful one may ask. The answer is simply – interactive applications and services of any kind imaginable but made decentralized – without any kind of authority controlling these. No authorities? Then how could it be safe? Who would govern the content on such applications? social media platforms etc? simple! The global community itself! If you are interested in this topic alone feel invited to jump straight to a dedicated article right over here.  Indeed, imagine decentralized social media platforms, decentralized content delivery networks, decentralized collaborative apps, decentralized real-time interactive games, all running within a user interface environment which pretty much reassembles that of Microsoft Windows or Mac OS X. In fact it seems to borrow best of both worlds. And power users? Why don’t you launch a command line interface with commands largely compatible with those of Unix and Linux !

If you are new to GRINDET OS, you may want to check-up on the peer-reviewed research paper available over here. This research will give you a solid overview of the underlying technology and depict differences between platforms such as Bitcoin and Ethereum.  GRIDNET OS offers groundbreaking and pioneering innovation on the grounds of being capable of providing and incentivizing real-time user interactions. But there is way more, things such as file system system with decentralized access rights’ provisioning, Access Control Lists, files with security descriptors,  cross browser communication, window-enabled decentralized application, real-time terminal services and that’s just a  beginning !

With a commitment to promoting openness and aiding investors in making informed decisions at all times, GRIDNET OS is not only revolutionizing the way we interact with technology but also fostering a stronger sense of community and accountability in the cryptocurrency market.

This article aims to provide an insight into the proactive approach of GRIDNET Technologies LLC (the company behind GRIDNET OS) in ensuring transparency and how its innovative ‘market’ utility tool empowers investors to stay informed about the current market conditions of GRIDNET Coin (GNC).

Minted not from gold but from bits and bytes (..) the 0s and 1s (..)

The Ethereum Presale: A Leap of Faith

In the world of cryptocurrency, the story of Ethereum’s presale is nothing short of legendary. Ethereum, proposed by Vitalik Buterin in late 2013, is an open-source, blockchain-based platform that enables the creation of smart contracts and decentralized applications (DApps). Its presale, conducted in mid-2014, was one of the first Initial Coin Offerings (ICOs) and played a crucial role in popularizing the ICO model for crowdfunding.

A Bold Proposal

When Vitalik Buterin first proposed Ethereum, it was nothing more than an idea—a bold, ambitious, and revolutionary idea, but an idea nonetheless. There was no product, no source code, and certainly nothing resembling a Minimum Viable Product (MVP). All that existed was a white paper, published by Buterin in late 2013, that detailed the technical aspects and vision of Ethereum. The white paper was met with widespread enthusiasm and support from the cryptocurrency community. It was clear that Ethereum had the potential to revolutionize the world of blockchain and create a platform for decentralized applications. However, to turn this vision into a reality, funding was needed.

The Presale

In July 2014, Ethereum Foundation conducted a presale of ether (ETH), the native cryptocurrency of the Ethereum platform. The presale was conducted online, and anyone around the world could participate by sending bitcoin to a designated address. In return, participants would receive a corresponding amount of ETH at a rate of 2,000 ETH for 1 BTC. This rate was valid for the first 14 days of the presale, after which it would decrease.

The presale was an immense success. It raised over 31,500 BTC, equivalent to approximately $18.4 million at the time, making it one of the largest crowdfunding projects in history. The funds raised were used to finance the development of the Ethereum platform.

A Leap of Faith

It’s worth noting that the participants in the Ethereum presale were taking a significant leap of faith. They were investing in a project that had no product, no source code, and only a vision for the future. Moreover, the ICO model was relatively new and untested at the time, adding an additional layer of risk. It wasn’t until several months after the presale, in January 2015, that the first proof-of-concept (PoC) version of Ethereum was released. This was followed by several more PoC releases over the course of the year, culminating in the release of the Ethereum Frontier network on July 30, 2015.

The presale of Ethereum is a fascinating chapter in the history of cryptocurrency. It marked one of the first uses of the ICO model for crowdfunding and played a crucial role in the development of the Ethereum platform. It’s a testament to the power of a compelling vision, the courage of early adopters, and the potential of decentralized technology to bring about meaningful change. Looking back, it’s clear that the participants in the Ethereum presale took a significant risk. However, it’s a risk that paid off handsomely, as Ethereum has since grown to become one of the most important and valuable cryptocurrencies in the world. It’s a reminder of the potential rewards that come with being an early adopter of innovative technology, as well as the importance of conducting thorough due diligence before investing.

Contrasting the GRIDNET OS Presale: A New Standard of Transparency and Accountability

With the proposal of GRIDNET OS being  even bolder (everything that can be accomplished with Ethereum can be performed on GRIDNET OS as well and then the possibilities are brought to whole new dimensions thanks to real-time interactions, decentralized file system, user interface mechanics etc.) –  in contrast to the Ethereum presale, which involved a significant leap of faith from investors, the GRIDNET OS presale sets a new standard of transparency, accountability, and investor empowerment. The entire eco-system has been implemented from scratch, without external investments, ICOs or IEOs. The development has been taking place on YouTube LIVE almost each and every day since the early 2017, with now well over 54 TB of programming sessions recorded and hosted on YouTube with hourly updates on Twitter with now well over 14 000 tweets describing what has been going on YouTube LIVE the very same moment. The documentations are fully available, there are research papers in some of the most prominent peer-reviewed computer science journals – and above everything works and is fully verifiable ! With many proof-of-concept UI dApps (decentralized applications equipped with a user interface) already available. What kind of dApps? How about a group collaborative application which allows for up to 8K video streaming, screen sharing, high-quality audio, while being end-to-end encrypted at all times, without anything to install and with no trusted servers in the middle? With security assumed by a custom Zero Knowledge Proof protocol acting directly in between on web-browsers.  How about that.  In this article, let us stick to economic aspects though, as from the investor’s perspective.

Immediate Asset Receipt

One of the most striking differences is the immediacy of asset receipt in the GRIDNET OS presale. Investors receive their assets the very same day, on the native chain of GRIDNET OS. This stands in stark contrast to the Ethereum presale, where participants had to wait several months for the first proof-of-concept version of Ethereum to be released. With GRIDNET OS, the product is already freely available and operational at the time of the presale, eliminating the waiting period and the associated uncertainty. The assets received are also immediately tradable (even before the coin gets listed on official exchanges).

Real-Time Verification

Another key differentiator is the ability for anyone to download the GRIDNET Core node and see transactions being verified in real-time on their own computers. This level of transparency and accessibility is unprecedented and underscores GRIDNET OS’s commitment to openness and accountability. Investors can not only see their transactions being verified, but they can also participate in the network and contribute to its security and decentralization. Feel invited to become an Operator and start minting coins right now! (more information in these regards by the end of this article).

A More Mature Ecosystem

It’s worth noting that the cryptocurrency ecosystem has evolved significantly since the days of the Ethereum presale. Today, there are more established standards and expectations for ICOs and presales, and projects are held to a higher standard of accountability and transparency. GRIDNET OS embraces these expectations and goes above and beyond to provide investors with the information and tools they need to make informed decisions.

The GRIDNET OS presale represents a new era of transparency, accountability, and investor empowerment in the world of cryptocurrency. With immediate asset receipt, real-time transaction verification, and an operational product at the time of the presale, GRIDNET OS is setting a new standard for how presales should be conducted. As the world of cryptocurrency continues to evolve, it is crucial for projects to embrace transparency and accountability in all aspects of their operations. The GRIDNET OS presale is a shining example of how this can be achieved, and sets a positive precedent for future projects in the cryptocurrency space.

Importance of Transparency in Cryptocurrency Investments

The surge in popularity of cryptocurrencies has brought along a wave of investments, making the crypto market one of the most dynamic and exciting spaces to invest in today. However, with great power comes great responsibility, and the need for transparency and accountability in the cryptocurrency world has never been more critical.

Transparency is paramount in any financial transaction, but in the world of cryptocurrencies, it takes on even greater significance. The decentralized nature of cryptocurrencies means that there is no central authority overseeing transactions or ensuring the integrity of the market. As a result, investors are often left in the dark about critical aspects of their investments, such as the current total market capitalization, or the amount of the asset on the trading floor at any given moment.

Mike, Business Developer at GRIDNET OS, aptly puts it, “We all know that something is safe when it is transparent. None of us would like to invest in a project without knowing its ins and outs. When you are an investor, what you want to know are things such as current total market capitalization and how much of the asset is on the floor at any given moment.”

The lack of transparency can lead to misinformation, fraud, and a general lack of trust in the market. This, in turn, can result in volatile market conditions, with investors often making decisions based on incomplete or inaccurate information. It is, therefore, of the utmost importance for crypto projects and platforms to ensure a high level of transparency, to build trust with investors and to foster a sense of community and accountability.

In a market that is as dynamic and decentralized as cryptocurrency, accountability becomes a cornerstone for success. According to Mike, the ‘market’ utility is a step in this direction as it

“allows the community to hold us accountable, especially with what happens to assets vested from the main pre-minted account from which assets are sold during the initial offering but also onwards as these are to be vested over a period of 10 consecutive years.”

This initiative by GRIDNET OS reflects a conscious effort to create a culture of accountability. By providing real-time, aggregated information on the current market conditions of GRIDNET Coin (GNC), the ‘market’ utility ensures that investors have all the necessary information to make informed decisions. The continuous monitoring of assets, even after they have been vested from the main pre-minted account, underscores GRIDNET OS’s commitment to long-term accountability and transparency. The move is not only strategic but also ethical. In a world where data breaches and misuse of funds are all too common, GRIDNET OS is setting a new standard by openly sharing information about the total market capitalization, the amount of asset on the floor, and much more.

Transparency in cryptocurrency investments is crucial for building trust, fostering a sense of community, and ensuring accountability. GRIDNET OS’s ‘market’ utility is a groundbreaking tool that addresses these concerns by providing investors with a comprehensive view of the GNC market, thereby empowering them to make informed investment decisions and hold the platform accountable for the management of assets.

Introduction to ‘Market’ Utility

In response to the pressing need for transparency and accountability in the cryptocurrency market, GRIDNET OS has developed the ‘market’ utility, a revolutionary tool designed to offer complete transparency to investors by providing real-time, aggregated information on the current market conditions of GRIDNET Coin (GNC).

The ‘market’ utility is an innovative solution that addresses several key concerns of investors. It provides a comprehensive view of the GNC market, including the total market capitalization, the amount of asset on the floor, and much more. This tool is particularly important for tracking the assets vested from the main pre-minted account during the initial offering and onwards, as these are to be vested over a period of 10 consecutive years.

Consider becoming a GRIDNET OS’ Operator, you may find coins popping out of your GPU!

To use the ‘market’ utility, investors can run the ‘market -d’ command, as instructed by Mike. This command provides a comprehensive view of the GNC market. Additionally, there are other switches, such as ‘-b’, that enable different views and functionalities of the tool.

By providing a clear and real-time snapshot of the GNC market, the ‘market’ utility empowers investors to make informed investment decisions and fosters a stronger sense of community and accountability. This initiative is in line with GRIDNET OS’s commitment to transparency, accountability, and continuous innovation. As Mike highlighted during a demonstration:

“With this utility, as you can clearly see, there are 2,474,993 GNC in total circulation as of now, which means 742,461 USDT worth of coins on the floor as of this very moment… whenever we sell to any investor or whenever we airdrop even 1 USDT worth of tokens – YOU GET TO SEE. Now, how’s that about transparency!”

Importance of Total Market Capitalization

Total market capitalization is a critical metric in the world of cryptocurrencies. It refers to the total value of a cryptocurrency’s circulating supply in the market, calculated by multiplying the current price of the cryptocurrency by its total circulating supply. For example, if a cryptocurrency has 1 million coins in circulation and each coin is worth $10, the total market capitalization of that cryptocurrency would be $10 million.

Understanding the total market capitalization is crucial for several reasons:

• Indicator of Size and Relevance: The total market capitalization of a cryptocurrency is often used as an indicator of its size and relevance in the market. A cryptocurrency with a higher market capitalization is generally considered to be more established and stable.
• Assessment of Risk: It helps investors assess the risk associated with a particular cryptocurrency. A cryptocurrency with a larger market capitalization is usually considered to be less risky compared to one with a smaller market capitalization.
• Comparison Across Cryptocurrencies: It allows investors to compare different cryptocurrencies on an apples-to-apples basis. By comparing the market capitalizations of different cryptocurrencies, investors can get a sense of their relative sizes and importance in the market.
• Investment Decision Making: It plays a crucial role in investment decision-making. Investors often use the total market capitalization of a cryptocurrency as one of the factors in deciding whether or not to invest in it.

It is also important to ensure that the selling pressure of a crypto asset is minimal before entering into presales. Selling pressure refers to the force exerted by sellers in the market, which can lead to a decrease in the price of an asset. When there is high selling pressure, it means that many investors are trying to sell their holdings, which can lead to a drop in price. Before entering into presales, it is important to assess the selling pressure of a crypto asset to ensure that it is minimal. This will increase the chances of the asset appreciating in value after the presale.

The ‘market’ utility launched by GRIDNET OS provides real-time information on the total market capitalization of GNC, as well as the amount of asset on the floor, helping investors to make informed decisions before entering into presales. This proactive approach by GRIDNET OS in providing transparency and aiding investors in making informed decisions is commendable and sets a new standard in the cryptocurrency market especially important during their pre-sale stage, which on these grounds here is entirely unprecedented. It is for the first time we are having a 0-layer project conducting pre-sales, with a ready product, with assets being issued directly on their native chain.

Tracking Current Market Capitalization with ‘Market’ Utility

In the fast-paced world of cryptocurrency, staying updated on real-time market conditions is not just a luxury, but a necessity for informed decision-making. One of GRIDNET OS’s groundbreaking innovations aimed at investor transparency and empowerment is the ‘market’ utility. This tool offers the capability to monitor the current market capitalization of GRIDNET Coin (GNC) among other essential metrics, and it does so in real-time.

The idea is simple: you get to see how much of the asset is on the trading floor at any given moment. You also get to see balances assigned to each and every account on the system. All it takes is to run the utility. Nothing to install.

How to Use the ‘Market’ Utility

The ‘market’ utility is user-friendly decentralized application, available from a decentralized command line interface of GRIDNET OS. It can be operated with simple command-line instructions. The command line interface of GRINDET OS can be reached in two ways:

• launch the user interface by pointing your web-browser to any node comprising the network. You may use the ‘official’ entry-point nodes by pointing your web-browser to https://test.gridnet.org, then after the system has booted, launch the Terminal UI dApp just like you would on Microsoft Windows or Mac OS X – it would be on your Desktop. It is important to note that no matter which node you use to access the UI of GRIDNET OS from, the user interace remains decentralized. Assets are being delivered from multiple sources as the system initializes your user session. You may verify this by switching to Google Developer Console and seeing nodes being discovered through Kademlia-compatible peers’ discovery protocol.
• if you are familiar with SSH you can use it to access text-based decentralized terminal services of GRIDNET OS as well. Simply type ‘ssh anonymous@test.gridnet.org’ and your user session would begin bootstrapping. You can use CTRL+W, CTRL+E and CTRL+Q while in terminal to switch views. The CTRL+W would actually show you a throttled event’s view giving you a details insight into the state of a node with which you are connected to.

Which ever method you choose to access the system, once in the Terminal of GRIDNET OS, execute the ‘market’ command, and you would be presented with its built-in MAN-page:

GRIDNET OS utilities oftentimes come with built-in help pages.

For a comprehensive view of the GNC market, investors can run the ‘market -d’ command. This command displays a broad array of market information, including the total market capitalization and the amount of GNC currently on the floor. For investors interested in more specialized views or functionalities, the ‘market’ utility comes with additional switches. For example, using ‘market -b’ may enable different functionalities or provide a different set of information, catering to the specific needs of the investor.

Real-Time Snapshot

One of the most striking features of the ‘market’ utility is its real-time update capability. During a live demonstration, Mike from GRIDNET OS illustrated this by stating:

“With this utility, as you can clearly see, there are 2,474,993 GNC in total circulation as of now, which means 742,461 USDT worth of coins on the floor as of this very moment.” The immediate access to such information is invaluable for making timely and informed investment decisions.

Why It Matters

Tracking the current market capitalization through the ‘market’ utility offers several benefits:

1. Informed Decision Making: Knowing the current market capitalization helps in assessing whether it’s the right time to buy, hold, or sell.
2.  Risk Assessment: Real-time data can help in understanding the volatility and stability of the GNC market, thereby aiding in risk assessment.
3. Accountability and Transparency: The ‘market’ utility ensures that GRIDNET OS remains transparent about the circulating supply of GNC, which in turn allows the community to hold the organization accountable.
4. Long-term Strategy: For those invested in or considering a long-term strategy, keeping an eye on the market capitalization can offer insights into the asset’s potential for growth or the need for caution.

The ‘market’ utility is an indispensable tool for anyone looking to invest in GRIDNET Coin. It adheres to GRIDNET OS’s overarching ethos of transparency and accountability, providing investors with the real-time data they need to make informed decisions.

Conclusions

In a world where the cryptocurrency market is marked by volatility and unpredictability, GRIDNET OS stands out as a beacon of transparency, accountability, and innovation. The launch of the ‘market’ utility is a testament to GRIDNET OS’s commitment to empowering investors with real-time, aggregated information on the current market conditions of GRIDNET Coin (GNC).

The importance of understanding key market metrics such as total market capitalization, selling pressure, and market depth cannot be overstated. These metrics play a crucial role in making informed investment decisions and assessing the associated risks. The ‘market’ utility addresses these needs by providing a comprehensive and real-time snapshot of the GNC market, thereby enabling investors to make timely and informed decisions.

As Mike continued:

providing real-time updates on the assets vested from the main pre-minted account, GRIDNET OS ensures long-term accountability and fosters a stronger sense of community among its investors. The launch of the ‘market’ utility is a significant step towards fostering a culture of openness and accountability in the cryptocurrency market. It not only empowers investors with the information they need to make informed decisions but also sets a new standard for transparency and accountability in the cryptocurrency world. As the world moves towards a decentralized future, initiatives like these by GRIDNET OS will play a crucial role in shaping the landscape and instilling confidence among investors.

Discover More:

• Join our forums at https://talk.gridnet.org
• Join our  main Telegram Channels: https://t.me/GRIDNET_News
• Telegram group channel to discuss everything related to GRIDNET OS: https://t.me/GRIDNET_Talk
• Telegram Group dedicated to Investors: https://t.me/GRIDNET_Invest (for investments trust only the @BD_GRIDNET telegram account!)
• We are headed for integration with some of the most prominent crypto exchanges, we are currently giving small portions of assets for free see here – use those assets you receive to test-drive the system!
• GRIDNET Magazine – a wonderful place for additional articles and tutorials !