So we decided to put up a tiny amount of GRUNTS in uniswap, so that there is a market for GRUNTS so that once players get access to it, they could also sell it.
So now there is an official market.
We estimate the value of a GRUNTS at 1000 to 1 USD tried to put up tokens accordingly in ETH.
The pool can be found here: https://uniswap.info/pair/0x04eA81733Fc4aDC251eD579d376028534d2F9e2At
Interestingly someone immediately bought a few grunts, which is very odd, since I doubt anyone knew we would do this.
This resulted in the price going up 3x right away, so we then put up far less GRUNTS relative to what we had planned.
I don't understand why this happened and how, but it did.
Now what is certainly true is that users that get grunts have a certain amount of backing behind it, since they can extract the 16 ETH we put up (roughly 8K USD) by swapping GRUNTS for ETH.
I don't feel this price is justified given the 100M Grunts we are about to distribute to our players. It was certainly not our idea to establish the price at this level.
We have not implemented the ability to cash out Grunts at this time.
The original Idea was to allow the cashing out of Grunts to ETH when the distribution is complete, i.e. in October.
