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Blockchain startup Grid+ halts pre-sale of tokens after staggering demand

Grid+ expects to raise $75M with its ICO.

The company expects to raise $75 million in an October token launch. But it will have to wait till then.

East Williamsburg’s Grid+ halted its token pre-sale amid overwhelming demand Monday. It plans to continue selling its GRID tokens to the public on Oct. 30.

The company aims to create a system that cuts waste and bloat from the electricity supply chain, which it says will allow it to deliver electricity to customers at wholesale prices, which might be as much as 50 percent cheaper. It expects to raise up to $75 million in the token sale.

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