The Graph Coin (GRT) Explained in 6 Easy Steps

The Graph Coin is the native cryptocurrency of The Graph, an indexing protocol, designed to power apps in DeFi and Web3 ecosystems. The symbol of The Graph Coin is GRT.

1. When was it founded and by whom?

The Graph protocol was created by The Graph Foundation. The co-founders of The Graph team are the engineers Yaniv Tal, Brandon Ramirez, and Jannis Pohlmann, who have worked together for many years. Initial coin offering (ICO) took place in October 2020 for funding, and it was launched at a later date. On December 17th, 2020, the cryptocurrency  was launched into the market.

2. GRT’s infrastructure

GRT has a structure consisting of three main layers. Indexers who are responsible for indexing and query processing about subgraphs underlying operation, curators who calculate and select the quality rate of subgraphs, and delegators who are responsible for the security of the protocol. The entire layer is built on Ethereum network. At the final step of the process, there are consumers who receive the data.

3. What does it offer to users?

The Graph protocol, on which GRT is based,  offers to eliminate data retrieval problems that typically occur between the blockchain network and apps as well as providing a platform allowing for use of APIs in an easy and cost-efficient manner.  DeFi project such as AAVE, Aragon, Uniswap, Balancer, and Synethix use solutions offered by The Graph.

4. Can GRT be mined?

GRT is not a type of cryptocurrency that allows mining activities. However, participants of the network as delegators receive tokens as a reward.

5. All-time low, all-time high (ATH), and total supply

GRT reached an all-time high (ATH) price by $2.88 on February 12th, 2021. Circulating supply of the cryptocurrency is 1,245,666,867 GRT and the total supply is 10,000,000,000 GRT.

6. How to trade GRT on Paribu?

By clicking on the link, you can trade GRT on Paribu.

Bu içerik en son 26 October 2022 tarihinde güncellenmiştir.


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