How and Where to buy The Graph (GRT)
A team of three people initially co-founded The Graph in 2018. Yaniv Tai led the project, Brandon Ramirez led the research, and Jannis Pohlmann was the technical lead. Their engineering background spans 5-8 years of working together at an API developer tools company, MuleSoft.
The founding team has previous experience in launching a startup together. Focusing much of their careers on optimizing the API stack, the team created a custom framework on Datomic, an immutable database. From this creation, the vision for The Graph network began as a way to use GraphQL query language to build unalterable APIs and data access.
The Graph has a strong team of professionals, including backgrounds working with Decentraland, OpenZeppelin, and the Ethereum Foundation.
“An open network producing the fastest, cheapest, most reliable way to access data for the crypto economy.” – The Graph website
What Is The Graph (GRT)?
The Graph is an indexing protocol. Its purpose is for querying data for networks like IPFS and Ethereum. It powers multiple applications in the DeFi space and the Web3 ecosystem.
Developers can build and publish subgraphs on The Graph network, which are open APIs that applications can query using GraphQL language for retrieving blockchain data.
The Graph has three core products: –
1. Graph Explorer – for exploring subgraphs and interacting with the protocol
2. Subgraph Studio – for creating, managing, and publishing subgraphs and API keys
3. Hosted Service – for creating and exploring subgraphs on the hosted service
The Graph is working on supporting multiple chains, not just Ethereum. For instance, NEAR, Fantom, BNB, Polygon, and Avalanche chains. As a result, developers gain access to building across multiple chains, which gives them more choice for the deployment of smart contracts.
Some of the top projects use The Graph, like Uniswap, Synthetix, Decentraland and Aragon, and many more.
The Graph has opened up a broad environment for entrepreneurs to build “next-level” apps. For instance, DeFi, governance, grants and philanthropy, marketplaces, entertainment, and social platforms.
“Web3 is a new stack for a radically better internet. All data is stored and processed on open networks with verifiable integrity. The Graph makes querying this data fast, reliable, and secure.” – The Graph website.
What Makes The Graph (GRT) Unique?
The Graph aims to create a decentralized infrastructure that appeals to a global mainstream audience.
The Graph’s native token is $GRT. It helps establish data integrity queried and secures the network.
There are four levels of participants locking in their $GRT tokens to help secure The Graph network: –
1. Developer – creating a subgraph or using an existing subgraph in a DApp
2. Indexer – indexers “operate a node to data and serve queries.” They earn indexing rewards and query fees and a proportion from a rebate pool shared with all contributors on the network
3. Curator – organizes data by signaling on subgraphs. They earn a percentage of query fees for subgraphs
4. Delegator – helps secure The Graph network by delegating $GRT to indexers. Delegators earn a portion relative to how much their delegated indexer earns
Participants earn rewards measurable by the amount of work done and their $GRT stake size.
How is The Graph better than Open servers?
The Graph opens a doorway to leave behind open servers, whereby teams have to build and manage proprietary indexing services requiring high levels of hardware resources and engineering. In addition, open servers do not have the robust security properties of a decentralized system like The Graph.
Ease of use and next-level security are two primary factors contributing to The Graph’s success.
How and Where to Buy The Graph (GRT)?
Buying $GRT tokens from a cryptocurrency exchange is easier than it used to be. You can have $GRT coins in your account in a few minutes. We chose Binance because it’s the leading exchange globally and ideal for crypto newbies: –
1. Visit the official Binance website and click on the “register” tab
2. Complete the requested details and submit the relevant documents for KYC
3. Use a Visa or Mastercard for deposits, or if you prefer, there’s a wire transfer option, and you can also deposit with cryptocurrency
4. Browse for a $GRT pair on the “exchange” button: GRT/USDT, GRT/BUSD, GRT/TRY, GRT/BTC, GRT/EUR, or GRT/ETH
5. Transfer the $GRT tokens to a secure crypto wallet. Binance has an exchange and the mobile app “Trust Wallet”
How do I Sell The Graph (GRT)?
- You can sell your $GRT tokens directly from the app or log in to your Binance account and find the “trade” button
- Exchange your $GRT tokens for a stablecoin like $USDT or $USDC
- If you have an account with an off-ramp platform, transfer the stablecoins to that account. We recommend Coinbase or Gemini
- When the $USDT shows in your account, convert it to fiat currency so you can withdraw directly to your bank account
Should I Buy The Graph (GRT)?
Unfortunately, we are not qualified financial experts, so we cannot advise on buying cryptocurrencies. If you decide to buy The Graph (GRT), it’s best to register with an established, reliable cryptocurrency exchange. Binance is the largest exchange globally by trading volume, and it’s popular with all levels of investors and traders.
Two other trustworthy cryptocurrency exchanges are: –
- Coinbase – has a good range of fiat currencies and a self-custody wallet
- Gate.io – a broad range of markets and coins and also a free cold storage wallet for members
How do I invest in The Graph (GRT)? Safely?
Before investing in any cryptocurrency token, spend time researching the project, the founders, and the team. Some projects are more transparent than others, and The Graph is one such network with transparency, functionality, and scalability.
Avoid spending more than you can afford to lose, and send your $GRT tokens to a secure wallet after purchasing.