I have created a static front page and I can see a window at the top of the page where I guess images can be placed as in the live demo website. After searching through the whole dashboard I can’t find where I can load these images up, I must be looking in the wrong place.
Go to Graphene Options –> Slider Options ans select Featured Image in Slider image. Then the featured image of the post/page will be displayed on the slider. You can change the slider image in individual posts though.