Which country issued GRT coin?

The Graph's GRT token was issued on the Ethereum blockchain as an ERC-20 token with a finite supply of 10 billion tokens.

Nov 08, 2024 at 09:10 pm

Which Country Issued GRT Coin?

The Graph (GRT) is a decentralized protocol that allows users to query and index data from blockchains. It was developed by a team of engineers from the United States and Europe. The GRT token is used to reward indexers who provide data to the network.

History of The Graph (GRT)

The Graph was founded in 2017 by Yaniv Tal, Brandon Ramirez, and Jatin Narula. The project was initially funded by a seed round of $2.5 million from Placeholder Ventures, Index Ventures, and Coinbase Ventures. In 2019, The Graph raised an additional $12 million in a Series A funding round led by Multicoin Capital.

The Graph mainnet launched in December 2020. Since then, the project has grown rapidly, and GRT is now one of the top 100 cryptocurrencies by market capitalization.

Issuance of GRT Token

The GRT token is an ERC-20 token that was issued on the Ethereum blockchain. The total supply of GRT is 10 billion tokens. 60% of the tokens were distributed to the team, investors, and advisors. The remaining 40% of the tokens were sold in a public sale.

Use Cases of GRT Token

The GRT token is used to reward indexers who provide data to the network. Indexers are responsible for crawling blockchains and indexing data into The Graph. In order to become an indexer, users must stake GRT tokens. The amount of GRT tokens that a user stakes determines the amount of rewards that they will earn.

In addition to being used to reward indexers, GRT can also be used to:

Govern the network: GRT holders can vote on changes to the protocol.
Pay for queries: Users can use GRT to pay for queries that they make to the network.

Conclusion

The Graph is a powerful tool that allows users to query and index data from blockchains. The GRT token is used to reward indexers who provide data to the network. The project is still in its early stages of development, but it has the potential to revolutionize the way that data is used on the internet.

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