Are you hearing about The Graph network or its work coin GRT for the first time? If yes, do you want to know what’s so exciting about it? Let me walk you through some of the most important aspects of The Graph coins so that you can decide whether you should buy and invest in them.
The Graph coin, denoted as GRT, is an Ethereum token, powering a decentralized protocol to index and query data from blockchains. The Graph project was initially co-founded by the project lead Yaniv Tal, tech lead Jannis Pohlmann, and research lead Brandon Ramirez. The professionals working in the project currently are from the Ethereum Foundation, MuleSoft, Orchid, Decentraland, OpenZeppelin, and others.
You can understand the concept of The Graph protocol by comparing it with Google. While Google indexes the web, The Graph protocol indexes blockchain data from networks such as Filecoin, IPFS, POA, Ethereum, and others. Once these data are indexed, they are grouped by The Graph into open APIs known as subgraphs, which can be queried by anyone with the use of GraphQL. In fact, The Graph index protocol is used by many networks to power multiple apps in DeFi (decentralized finance) as well as the Web3 ecosystem.
Thousands of developers have deployed more than 3,000 subgraphs till date for decentralized applications or DApps such as:
The rate of usage of this network is increasing at more than 50% MoM. In September 2020, more than 7 billion queries had been made.
All these facts and figures will help you to make a decision on investing in The Graph coins:
The main goal of The Graph is bringing reliable decentralized public infrastructure to the mainstream market. The participants use The Graph Token (GRT) for ensuring The Graph Network’s economic security as well as data’s integrity. The Graph token’s work token is denoted as GRT. It is the Indexers who lock up the GRT tokens. GRT is a work token that is locked-up by Indexers, Curators and Delegators in order to provide indexing and curating services to the network.
GRT, an ERC-20 token, is used for allocating resources in The Graph protocol. As an active Indexer, Curator, and Delegator, you can earn from the network. The amount of money you earn is directly proportional to the work you perform and also your GRT stake.
The Earnings of different entities are:
On top of blockchains, an open data layer has been created by The Graph. For running Graph Node, own Ethereum archive nodes can be run by the Indexers. Otherwise, the Indexers can also use node operators such as Alchemy or Infura. The Graph’s subgraph data, indexed by the protocol, can be queried by an app created by any analytics firm.
The current price of GRT is US$0.7205, as of October 8, 2021. Its price can reach anywhere from US$2.17 to US$3.5 soon.
You can buy GRT coins in almost all reputed cryptocurrency exchanges including:
You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange.
The most popular price pairs of GRT are:
Before investing, check out historical data of token GRT, crypto news, The Graph price charts, GRT to BTC exchange rate, and others.
The best The Graph wallets to store GRT coins are:
You can buy and sell The Graph coins (GRT) and other cryptocurrencies against various fiat currencies (US Dollar USD, British Pound, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs, and bitcoin cash markets. Use the Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility.
If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit.
You can also diversify your crypto coin portfolio by including other cryptocurrencies such as BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others.
Also, invest in various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return.
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