This token had 15 venture capitalists in total, and it held seven funding rounds. Some of the better-known investors include Coinbase Ventures, Digital Currency Group, DTC Capital, Launch Code Capital, and Digital Asset Capital Management. The token is completely decentralized, and all key decisions regarding the ecosystem are made by holders of the cryptocurrency.
A Bit About The Graph
The Graph token was created by experts from several blockchain-based companies, including the Ethereum Foundation and Decentraland. It now supports more than just the Ethereum blockchain. You can also use it on the IPFS (Interplanetary File System) and proof of authority networks. It is already being used on multiple dApps, including the popular decentralized exchange Uniswap.
Enable a vibrant decentralized future with The Graph on the Ethereum and Solana networks!CryptoLists.com
The Graph token cannot be mined, but you can stake your existing tokens to earn interest (known in crypto as staking rewards). By staking the tokens, you will get shares in the nodes that run the ecosystem and can sell your services through the query market. If the nodes misbehave, the holder of the tokens can get punished by having some of their GRT tokens slashed. On the other hand, good behaviour will result in financial rewards for the holder of the altcoins.
Utility of The Graph?
GRT is used as the governance token of the Graph ecosystem. That means holders of the token can vote on certain proposals regarding the ecosystem. You also need these tokens to participate in the process of creating and improving data indexes. In this case, you would have to stake a certain amount of GRT tokens. Holders of the token can also choose to work as delegators. That means they would delegate their stake to indexers to contribute to the ecosystem. Staking these tokens is an easy way of earning rewards.
The Graph Price detailsETH Contract address: 0xc944e90c64b2c07662a292be6244bdf05cda44a7
›› Details & Tokenomics
Advantages of The Graph+ You can stake GRT tokens and earn rewards.
+ Holders of the token can create and improve data indexes.
+ It supports a decentralized ecosystem.
+ Most major crypto exchanges have listed this cryptocurrency.
+ The Graph has a strong community of users and developers.
Disadvantages- GRT token's market cap is very low.
- It has many competitors in the crypto world.
- The token was launched only a few years ago.
- It only supports a few blockchains at the moment.
- You may have to lock your tokens for a while to stake them.
Costs▪ Rated at 9.5/10
This cryptocurrency lives on several blockchains, but originally it begain on only Ethereum. So its transfer fees have to be paid in ETH. The transfer fee of Ethereum went down significantly after the Merge in September 2022. At the moment, you can expect to pay a fee of about $1 for the transactions. You will have to purchase ETH to cover the transaction fees. However, it's also on the Solana network as well as Avalanche so fees vary dependent on which network you're running it on.
Reputation and Buzz▪ Reputation rated at 8.6/10
▪ Buzz rated at 7.5/10
The Graph has been known as the Google of Web3 or blockchain technology. It has developed a great reputation and has consistently ranked among the top 100 cryptocurrencies by market cap. In addition to solving a major problem in blockchain technology, it allows investors to earn interest through staking. At the moment, more than 3000 subgraphs have been deployed by thousands of developers. These subgraphs are used for dApps like Uniswap, Aragon, AAVE, and Decentraland.
Who founded The Graph?
This cryptocurrency was created by experts from the Ethereum Foundation, Decentraland, Orchid, OpenZeppelin, and Mulesoft. The project leader was Yaniv Tal, and the research lead was Brandon Ramirez. Jannis Pohlmann served as the tech leader.
Where can I buy Graph tokens
You can purchase Graph tokens on multiple crypto exchanges, including Binance, Coinbase Pro, Huobi, Uniswap, and Kraken. In most cases, you will have to buy the token using other cryptocurrencies like Ethereum and Bitcoin.
Which crypto wallets can I use to store my Graph tokens?
You can store your tokens in any crypto exchange that accepts ERC-20 tokens. Some of the best wallets available are Atomic Wallet, Ledger Nano S, Ledger Nano X, Trezor, My Ether Wallet, Metamask, and Coinbase.
Is the Graph token legitimate?
Yes, this cryptocurrency is legitimate. It is built using the ERC-20 standard and is backed by some of the biggest crypto organizations. These include the Ethereum Foundation, Decentraland, Orchid, and Mulesoft.
Can I mine GRT tokens?
No, you cannot mine these tokens. You can only stake them to earn more funds. The maximum supply of the cryptocurrency is 10 billion tokens.
History of The Graph
July 2018 - The Graph protocol is launched by Brandon Ramirez, Yaniv Tal, and Jannis Pohlmann.
June 2020 - The same team launched The Graph mainnet as a step forward to fully decentralize the use of dApps.
October 2020 - The Graph token (GRT) is launched in an ICO that lasts for three days.
November 2021 - Solana integrates GRT.
Screenshots from The Graph
More sites where to buy/sell/trade The GraphBelow you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Remember to never risk money that you can not afford to loose. Crypto currencies is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
The Graph details and tokenomics
AVAX Contract address: 0x8a0cAc13c7da965a312f08ea4229c37869e85cB9
SOL Contract address: HGsLG4PnZ28L8A4R5nPqKgZd86zUUdmfnkTRnuFJ5dAX