The Graph (GRT) / USD
$0.29 1.66%up The Graph current price is $0.29 with a marketcap of 2.73 B. Its price is 1.66% up in last 24 hours.
Disclaimer: The price of the asset(s) is obtained from CoinMarketCap and is indicative in nature.
The price of the asset(s) may vary on the ZebPay Platform.
About The Graph
The Graph is an open-sourced decentralized protocol that collects, processes, and stores data from various blockchain applications to facilitate information retrieval. It is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in DeFi and the broader Web3 ecosystem. The Graph analyses and gathers blockchain data. Before storing the data into different indices, called Subgraphs, the protocol allows any application to send a query to its protocol and receive an immediate response.
The Graph designed to implement a Decentralized Query Protocol enables users to query a data network without working any centralized infrastructure for indexing and caching. The protocol develops ideas from distributed computing and crypto-economics to produce a self-organizing, robust, and secure network.
The Graph was founded by a team of developers from the Ethereum Foundation, OpenZeppelin, Decentraland, Orchid, and MuleSoft. The primary co-founding teams consisted of Yaniv Tal (project lead), Brandon Ramirez (research lead), and Jannis Pohlmann (technical lead).
The Graph introduces a new token called Graph Tokens (GRT). This token plays a vital role in securing and governing the network. Its objective is to incentivize necessary behaviors for the network to thrive. GRT is an ERC-20 token on the Ethereum blockchain. It is a work token that Indexers, Curators, and Delegators lock up to provide indexing and curating services to the network. The total supply of GRT tokens is 10 billion, with an initial circulating supply of 1.24 billion tokens.
The Graph ecosystem consists of three types of users to contribute to organizing data in its protocol. They are Curators, Indexers, and Delegators. Curators are subgraph developers who asses which subgraphs are of high quality and to be indexed. Curators are economically incentivized to signal early. Indexers are node operators who are tasked with providing indexing and querying services for signaled subgraphs, and they must stake GRT to provide these services. Indexers earn query fees and indexing rewards for their services. They also gain from a Rebate Pool. Delegators are network participants who delegate GRT (stake GRT) to indexers to contribute to running the network without installing nodes. Delegators earn query fees and rewards from Indexers.
The Graph is backed by big names like Framework, DTC capital, Multicoin, Coinbase Ventures, Digital Currency Group, CoinFund, Collider, Lemniscap, Reciprocal, Compound, 122 West, Tally Capital, South Park Commons, Stakefish, JD Capital, and ParaFi Capital.
Centralization puts tremendous power into the hands of a few and reduces economic opportunity. A large amount of data resides in silos centrally controlled by a handful of corporations. Companies like Google, Facebook, YouTube, LinkedIn, and Salesforce are built on these data monopolies. Decentralized Applications (dApps) give the users control of their data. dApps are built with data either owned or managed by the community. The team believes that this platform will create vast economic opportunities as more products can compete in a fair and open market.
How to Buy GRT?
You can get started with just a few easy steps:
- Register on ZebPay crypto exchange, and create an account.
- As standard verification, upload your documents and complete the KYC process.
- Choose the amount of money you want to invest and load your virtual wallet.
- Buy Graph (GRT) with the deposited funds.
How to Buy GRT With Zebpay?
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10 Bitcoin(BTC)
=
364,990.00 USD
- Market cap $2.73 B 0.08 % of Crypto Market
- Volume (24h) $313.96 M 45.24%
Price History
Market Stats
- Total Supply 10.80 B
- Max Supply n/a
- Circulating Supply 9.55 B
- CMC Rank 54
- 7D% Change 19.83%
- Returns YTD 54.43%
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