Grin is fully open-source and community-driven. There is no single entity behind it, Grin’s development is funded by donations as well as done voluntarily by contributors. Everybody can discuss, influence, or work on its development.
Grin’s blocktime is 1 minute, each with a coinbase reward of 60 grins, thus creating 1 unit per second, forever. This linear emission creates a constant increase in supply, but a decreasing rate of inflation; making the emission disinflationary. This simple design serves to ensure both the long term security of the chain and a fair process of coin distribution to all participants.
In Aug 2016, an anonymous person using the nickname ‘majorplayer’, signed onto a Bitcoin research IRC channel, dropped a link to a document, then signed out. The document titled ‘Mimblewimble’ was authored under the pseudonym Tom Elvis Jedusor. Several developers took an interest, one of them being Andrew Poelstra, who later published a paper which added several refinements and a detailed technical description of the original whitepaper.
In Oct 2016, a developer under the pseudonym Ignotus Peverell began work on developing an implementation of the protocol and was soon joined by others in an effort to build the project which ultimately came to be known as Grin. It was launched on January 15th, 2019.
How to Buy GRIN on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing GRIN. Some reputable platforms include LBNK, Okx, Kraken, and others.
Step 2: Register an Account
Here, we'll register an account on the OKX (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing GRIN.
Step 5: Purchase GRIN
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of GRIN you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy GRIN.
Step 6: Store Your GRIN
After purchasing, you can choose to store your GRIN in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and GRIN assets, be sure to use a strong password and enable two-factor authentication.
GRIN Price:Grin is a minimalistic, lightweight cryptocurrency, implementing the Mimblewimble protocol for a unique balance of privacy and scalability. The price fluctuates daily, and as of March 30, 2024, the highest price for GRIN was $14.78.
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