Info
2024-03-09: Due to a network issue on block 3 190 604 for wallets prior to 5.4.6.0, any user running an older wallet is required to update. You can upgrade by going to https://gridcoin.us/#Downloads and selecting your current operating system.
2024-01-18: New exchange algorithm. Now exchange has their own exchange rates and limits for exchanging.
For instance, Gridcoin exchange limit is around 60k GRC, for Dogecoin limit is around 5k DOGE:
1 DOGE = 10.92 GRC (market price)
10 DOGE = 109.11 GRC (still like market price)
100 DOGE = 1073.01 GRC (lower than market by 1.6%)
1000 DOGE = 9203.59 GRC (lower than market by 19%)
DOGE amount = {GRC amount} * (1 - fee) * {DOGE exchange limit} / ({GRC exchange limit} + {GRC amount})
In any case you cannot receive more coins than set in exchange limit. 10M DOGE will be 58191.61 GRC. 100M DOGE will be 58219.50 GRC (and Gridcoin price will fly to the moon afterwards).
If you want to get good exchange rates check rates in internet before exchanging.
You will see warning when you try to exchange more than 5% of exchange limit.
After somebody did their exchange exchange rates are recalculated for all users.
If somebody exchanged big amount of coins in one direction, it could be profitable to exchange similar amount of coins in opposite direction.
Also exchange fee reduced from 5% to 1%.
2023-11-02: There is balance issues when I try to recalculate them. I need some time to fix them finally.
2023-10-25: Some missed transactions found and sent.
2022-11-09: Bitcoin is available! Others available too.
2022-08-03: Bitcoin, Litecoin, Dogecoin, Dash deposits and withdrawals still unavailable.
2022-06-21: Bitcoin, Litecoin, Dogecoin, Dash deposits and withdrawals temporarily unavailable until 2022-06-26. If you deposit something, it appears after that date.
Donation address is S3WVmLtpmix9tQbe1wQHdYX2NG7UZMctGL.
