Grin had very good news in the last 24 hours and that is also reflected by its rising gains in price.
Grin has enjoyed the listing on Poloniex plus a big pledge from the exchange, as stated: “Poloniex & Circle will contribute 50% of all fees for the first month and 25% of all fees for the next 11 months, to the Grin General Fund“
This is a huge commitment from Poloniex and Circle that will increase Grin’s outreach towards a wider adoption, which looks increasing steadily as some reports show that we have more than half a million GPUs mining on the network.
For who don’t know, Grin points to allow electronic transactions for all without censorship or restrictions. It wants to be usable by everyone, regardless of borders, culture, skills or access.
As mani features Grin possesses privacy and high scalability through the use of MimbleWimble protocol, which allows most of the past transaction data to be removed avoiding Grin to collapse under its own weight in the long term.
The project is also open source with many developers contributing from all over the world.
Poloniex and Circle look very supportive towards the project, stating in a medium post: “we believe in supporting crypto projects which encourage distributed, voluntary development and fair, decentralized methods of token distribution.”
Looking at its current price we had almost 17% gain versus BTC in the last few hours as we can see in the image below:
The volumes are also increasing with more than $13 Million USD reported in the last 24h.
As possible resistance, if the price keeps rising, we can see the 0.0017 BTC as you can see in the chart below:
What do you think about Grin and Poloniex with its recent pledge? Let us know below in the comment section and remember that this is not financial advice but our personal opinion about the projects and their development.
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