Grid ICO Pre-Sale Closes at $27.7 Million, Next Up the Public Offer

The Grid ICO pre-sale has closed having sold 44,232,390.85 GRID tokens which at current rates means $27.7 million was raised. Grid has now raised about half of its 90 million token goal.

During the token pre-sale, Grid reports it now holds the following assets:

  • 85,407.0 ether
  • 584.8 bitcoin
  • $125,000.00 USD

Grid + is described as the “Future of Energy”. No we are not talking about cold-fusion, the Grid service expects to leverages the Ethereum blockchain to give consumers direct access to wholesale energy markets.

Grid+ is said to be a utility provider that exposes its customers to wholesale electricity prices. Grid+ incentivizes customers to purchase solar panels, batteries etc. by opening up energy markets by bringing the power source closer to the consumer. The White Paper is available here.   

Grid+expects to develop a hardware and software stack to create secure Internet-of-Things (IoT) devices that acts as a “gateway or smart energy agent”. This always-on appliance will store cryptocurrencies and process payments for electricity in real-time. The device will also be able to programmatically buy and sell electricity on behalf of the user and manage the energy. Of course you will nee the GRID tokens to pay for all of this. The concept was popular enough to raise a good amount of money out of the gate.

The public Grid+ token sale is scheduled for October 30th. This is another ICO to keep an eye on.

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