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GRN is the indigenous token of the GRID Blockchain and serves primarily as on-chain governance, payment for transaction fees and on-chain liquidity for EXNode.

The Grid is a layer 1 blockchain that is built with focus on five pillars: Security, Sustainability, Speed, Scalability and Stability.

Grid aims to set an example in safety and scalability while taking a sustainability first approach. The Grid is built utilising a novel approach to Proof of Stake with logarithmic weighted stake-voting rights and locked security pools. The weighting causes a progressive payout of validating rewards and is an industry first. These approach is chosen to counter two main drawbacks of PoS based consensus, namely decentralisation and accumulation of wealth by the top holders.

Grid is widely interoperable with existing libraries in the blockchain industry, while also implementing key features for easier transition from other (de) centralized technologies. Included among these features are an integrated payment and escrow system, exchanging pools, and encrypted communications. These features are listed below:

EnScrypt will allow users to send encrypted messages up to 120 characters attached to a transaction or as standalone messages. These messages can be an invoice number, payment reference code or just a friendly note.

ExNode represents the first integrated DEX based exchange on the blockchain. Grid users can stake or swap their tokens to any (stable) currency on Grid, without ever requiring making a transaction to any exchange. This integrated swapping also makes it possible to stake any token on the Grid from the GRN wallet app. EXNode is supported through the GRN Wallet app or any other third-party wallet app connecting to the EXNode contract addresses.

GRNPay enables users to send and receive payment requests over Grid, which can be accompanied by EnScrypt messages. Paying for the requests can be done with the wallet app and the recipient will immediately be notified once its payment request is fulfilled. The payment requests can be set in any currency and be paid in a whole different currency, as EXNode will manage the conversion to match the recipient’s currency. GRNPay can also be used as an Escrow service between businesses. GRNPay can reserve the currency on the sender’s address until a pre-set condition is satisfied. GRNPay will automatically credit the recipient. In line with the technicalities of the platform, GRNPay services are hosted decentralized and permissionless on the GRN Grid and are based on automatically issued smart contracts