Cryptocurrency exchange Poloniex opened the output of Grin cryptocurrency. This was the representatives of the trading platform reported in Twitter.
At the same time, the exchange made the first installment to the Grin General Fund in the amount of 1.27864 BTC.
Note that within 12 months Poloniex will send part of the commissions from the Grin trade to the development team. In the first month, the payment amounted to 50% of the commissions collected; in subsequent years this amount will drop to 25%.
Consequently, funds must go for security audits, bounty campaigns and protocol development. A year later, the exchange will reconsider the need to support the project.