our first transparency report and major news update:https://tmgox.com/2018/10/20/transparency-report-grin-day-oct-20-2018/
To the Consortium of Goblinary Finance & Red-Nosed Wizard Investors,
First and foremost, Grin (which runs entirely on community donations) needs our help to fund the absolutely crucial code security audit. This is key to launching the mainnet, particularly since Grin is cleverly combining many mathemagical moving parts in novel ways. Grin has lots of eyes on it, and already plenty of scrutiny, so everything that can be done to minimize any chance of hiccups coming out the gate (and well into the future) is going to have powerful effects on the birth, growth and long term success of the network. Given the vision of Grin, our contributions now could very well benefit people all over the world for many decades.
We are proud to say that, thanks to you, TMGOX was able to donate ~.2 bitcoin to the Grin Development Fund.
We have had a total of 17 sales since launch, with an average value of ~$85 each. Check out out the details in our transparency report. All but three of them were paid for using cryptocurrency (go figure!) and because of the hefty discounts we have in place for people who spend crypto, this had a significant effect on our profits, but given the nature of our community it has been well worth it. We actually were going to take the discounts down a notch to try and keep more to donate to the GDF, but just as we were doing it Lopp tweeted about our 33% Monero discount and we couldn’t really change it then. Down the line we may make the discounts slightly smaller, so take advantage of them now! We will of course make an announcement before that happens.
We took the opportunity to put some of our own funds into the donation in celebration of Grin’s birthday, so the total donation amount was significantly more than the actual profits to TMGOX, but we are thrilled at the response from the community and are looking forward to continuing to donate every bit we make to the GDF, no matter how small or large. As the network and community grows we (along with our contributions) expect to grow with it.
TMGOX gear has started appearing in the wild, with some high profile fashion showing up at the Web3 Summit, and a couple of well received shoutouts on twitter. In case you were thinking the merch was too good to be true, here’s your proof its exactly good enough. We also want to remind you that if you are only interested in returns on investment, and donations are beneath you (or out of your budget), every TMGOX order has a guaranteed return of sharp merchadise, and also directly helps grin development. Guranteed returns are rare, so don’t miss out. Everybody wins.
We also listed a number of new, more minimal shirt designs with additions being uploaded almost every week. No puns or inside jokes, just good and simple grin representation. We know that many people want something simple like this to show off their support, and are excited to celebrate the beginning of grin’s third year in existence with the new gear. Browse a bit and see if there’s anything else new you catch.
Some recent product additions:
Stickers are still being printed, so if you ordered a sticker please be patient. We also are sending some ~400 stickers to Grincon0 for anyone who wants them. We are also in the midst of helping to coordinate an auction to raise money for the security audit, with some very interesting items in the works. Priceless artifacts even.
If you have any comments, questions, feedbacks or ideas please hop on to the new gitter for TMGOX: https://gitter.im/TMGOX/Lobby
or on the grin-forum, TMGOX (The Magic Gathering Online Exchange)
As always we are available on twitter at https://twitter.com/TMGOX
Very exciting times, enjoy these moments before mainnet release, they won’t come again.
Coming soon: mathemagical hats and