GRT Crypto Coin Explained in Detail

GRT is a decentralized data exchange protocol that enables data providers to monetize their data and data consumers to access high-quality data.

GRT is an ERC-20 token, built on the Ethereum blockchain, which allows for secure, transparent, and trustless transactions.

The GRT token is used to incentivize data providers to contribute high-quality data to the network, and to reward data consumers for their contributions to the network's data quality.

GRT's data exchange protocol is designed to solve the problem of data silos, where data is locked away in proprietary systems and not available to others.

The Graph is an indexing protocol for querying data from networks like Ethereum and IPFS, powering many applications in DeFi and Web3. It's like a super-smart librarian that helps dApps find the information they need.

The Graph allows anyone to build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. This has led to over 3,000 subgraphs being deployed by thousands of developers.

The Graph has a global community, with over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program. This community is growing rapidly, with The Graph usage increasing by over 50% MoM.

The Graph's native token, GRT, is used to fund network development and allocate resources within the ecosystem. To date, The Graph has raised ~$25M from community members, strategic VCs, and influential individuals in the blockchain community.

GRT acts as a middle layer for networks like POA, Ethereum, and IPFS, enabling the creation of subgraphs that become part of a larger global graph of blockchain data. This data cannot be erased or have its name changed.

The Graph team includes professionals from top companies like Ethereum Foundation, OpenZeppelin, and Decentraland, bringing a wealth of experience to the project.

The Graph (GRT) is a unique project in the blockchain and cryptocurrency sector, offering a decentralized marketplace for querying and indexing data for dApps.

This marketplace tackles the difficulties associated with creating dApps by resolving indexing issues and proprietary concerns. The Graph is the first decentralized marketplace to address these challenges.

The Graph's uniqueness also lies in its purpose, which is to provide easily accessible data for consumers on its network. This is made possible by the support of network participants, including Indexers who operate nodes to create a market for indexing and querying data from different blockchain sources.

The Graph's network supports a diverse range of blockchain data sources, including Ethereum, IPFS, and POA data indexing. This flexibility ensures that developers have access to a broad range of data sources for their applications.

The Graph's community has seen exponential growth in usage, with over 3,000 deployed subgraphs and 7 billion queries in September 2020. This growth is a testament to the platform's potential and the support of its global community.

Here are some ways participants can earn income from the network:

If you're looking for other cryptocurrencies similar to GRT, you might want to check out Cosmos (ATOM) and Polkadot (DOT). Both of these coins are focused on interoperability and scalability, similar to GRT's goals.

Cosmos has a unique architecture that allows for independent blockchains to communicate with each other, much like GRT's aim to create a decentralized data exchange.

Polkadot, on the other hand, enables interoperability between different blockchain networks, allowing for the transfer of assets and data between them.

The GRT token is designed to be used as a fee for data retrieval and processing, similar to how ATOM is used as a fee for transaction validation on the Cosmos network.

Polkadot's native token, DOT, can be used to vote on the network's governance and participate in the creation of new parachains.

GRT's focus on decentralized data exchange could also make it a good fit for users of the Hedera Hashgraph (HBAR) cryptocurrency, which prioritizes speed and security.

The live data for The Graph (GRT) is updated in real-time, giving you the most up-to-date information on its current price and trading volume. The current price of GRT is $0.216283 USD.

You can find the current price and trading volume of GRT on popular cryptocurrency websites like CoinMarketCap. The Graph is currently ranked #60 on CoinMarketCap.

The 24-hour trading volume of GRT is a whopping $84,495,308 USD. This indicates a high level of activity in the market.

Here are the most active and popular exchanges for buying or selling GRT, according to the data: Binance, Kucoin, and Kraken.

The Graph network has a unique tokenomics system, where GRT tokens are deflationary, meaning their total supply is capped at 10 billion. This is achieved through a burn mechanism, where 1% of deposit and query fees are burned, effectively reducing the supply of GRT tokens over time.

One of the key features of GRT tokens is their distribution. The Graph Foundation holds a major portion of the token supply, around 58%, which it uses for sales, rewards, and other purposes. The remaining tokens are distributed among the community, The Graph team, advisors, backers, and the Edge & Node software development branch.

The Graph network also has a Proof-of-Stake consensus mechanism, which means it can't be mined and relies on delegators staking their GRT tokens to secure the network. Delegators receive rewards for participating in the network, ensuring its security and operation.

The Graph's tokenomics is designed to be deflationary, with a max supply of 10 billion tokens, and around 1% of deposit and query fees are burned to prevent the coins from exceeding this max supply.

As the available supply grows shorter, the GRT price is expected to increase. This is because there's a finite amount of tokens, making it a scarce asset.

In October 2020, a public sale of GRT tokens was held, where 400 million tokens were bought by 4500 people from 99 different countries. These buyers are called the Original Graphers since they were the first to acquire GRT tokens and participate in the Graph network.

The major part of the GRT token supply, which is 58%, is dedicated to the Graph Foundation, who holds sales using these tokens and distributes them as rewards. The remaining portion is distributed among the community, The Graph team, advisors, backers, and the Edge & Node.

The Graph price is considered to be mildly volatile, but the deflationary tokenomics is expected to increase the price as the available supply grows shorter.

The Graph Network is designed to be inclusive, allowing both tech-savvy individuals and non-techies to contribute.

There are four main roles in The Graph Network: Indexers, Curators, Delegators, and Consumers.

Indexers are responsible for operating Graph nodes and staking Graph tokens, earning indexing incentives and query fees.

Curators inform Indexers about which APIs to index and receive a share of query fees for the subgraphs they signal on.

Delegators support the network by transferring GRT to active Indexers and receive a share of query fees and indexing incentives.

Consumers are The Graph's actual users, paying query fees for subgraphs and requesting services from Indexers, Curators, and Delegators.

The Graph Council governs the network, consisting of five groups: Indexers, Users, Researchers, Supporters, and Core Developers.

The council administers the community treasury and votes on Graph Improvement Proposals (GIPs).

The Bug Bounty program incentivizes users to find flaws in the protocol, offering rewards ranging from 100 to 50,000 USD in GRT.

The value of rewards depends on the complexity and harshness of the acquired system bug.

Here's a breakdown of the roles in The Graph Network:

Proof of Stake is a consensus mechanism that relies on validators "staking" their own tokens to secure the network. This approach is used by The Graph.

Validators on The Graph are incentivized to participate in the network by the rewards they receive. These rewards are a key factor in ensuring the network is secured and operational.

The Graph operates based on the Proof-of-Stake consensus mechanism, which means it can't be mined. Delegators on the network stake their GRT by delegating it to node operators, known as Indexers.

Delegators are incentivized to participate in the network by the rewards they receive.

The Graph can be bought and sold on several exchanges, including Binance, Kraken, and Kucoin, with the most popular trading pairs being GRT/USDT, GRT/USD, and GRT/KRW.

The most active and dominating exchanges for buying and selling The Graph are Binance, Kraken, and Kucoin, with Binance offering the GRT/USDT trading pair.

To store your GRT, you can choose from compatible mobile, online, hardware, and desktop wallets, including Ledger Nano S and Trezor One, which offer offline storage and backup.

Ledger Nano S and Trezor One are the most secure options for storing GRT, but they can be expensive and require more technical knowledge, making them better suited for experienced users with larger amounts of GRT.

Software wallets, such as Exodus and Coinomi, provide another option and are free and easy to use, but are considered less secure than hardware wallets and may be better suited for smaller amounts of GRT or novice users.

Kriptomat offers a secure storage solution that allows you to both store and trade your GRT tokens without hassle, providing enterprise-grade security and user-friendly functionality.

If you're looking to buy and sell The Graph, you'll want to check out Binance, Kraken, and Kucoin, as they are the most active and dominating exchanges for this cryptocurrency.

Binance offers the most popular trading pair, GRT/USDT, which is a great option for those looking to trade The Graph.

Kraken and Kucoin also offer a range of trading pairs, including GRT/USD and GRT/KRW, respectively.

You can head to the Crypto Deal Directory to access custom and exclusive discounts, vouchers, and welcome bonuses from these popular exchanges.

The Graph Exchanges page lists all the available exchanges for buying and selling The Graph, but keep in mind that CryptoSlate has no affiliation with any of the mentioned coins, projects, or people.

Data on this page is provided by CoinMarketCap and TradingView, so you can trust the information you're getting.

To buy The Graph, you can sign up for an account in minutes and use a credit card or bank transfer to fund your purchase.

The most popular exchange for buying and selling The Graph is Binance, where you can trade GRT/USDT.

Kraken and Kucoin also offer a range of trading options, including GRT/USD and GRT/KRW, respectively.

Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping The Graph.

For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

Ledger and Trezor offer offline storage and backup, making them the most secure options for storing GRT.

These wallets are also compatible with ETH and ERC-20 tokens, making them a great choice for GRT holders.

However, they tend to be expensive and require more technical knowledge, so they may be better suited to more experienced users with larger amounts of GRT.

Trezor One is another popular option for storing GRT, offering offline storage and backup, and is compatible with ETH and ERC-20 tokens.