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grt coin issuance date

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Release: 2024-05-07 10:50:44
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The issuance date of GRT coins is December 17, 2020. The Graph Network is a decentralized protocol that allows developers to create and publish data APIs that are expensive to index. GRT coins are used in the Graph network for governance, incentivizing indexers, and paying query fees.

grt coin issuance date

GRT Coin Release Date

GRT (Graph Token) is a cryptocurrency used on the Graph network , its release date is December 17, 2020.

What is Graph network?

The Graph network is a decentralized protocol that allows developers to create and publish data APIs (Application Programming Interfaces) that are expensive to index. These APIs enable dapps (decentralized applications) to easily obtain on-chain data.

Uses of GRT Coin

GRT Coin has the following uses in the Graph Network:

  • Governance: GRT Holders can make decisions about the future of the Graph protocol.
  • Incentive indexer: The indexer uses GRT coins as rewards to provide index data for the Graph network.
  • Query fee: GRT coins are used to pay for querying the Graph API.

GRT Coin Supply

The total supply of GRT Coin is 10 billion, of which:

  • 15% allocation Given to the development team
  • 7% allocated to early investors
  • 13% reserved for future growth and development
  • 65% raised through token sale

IMPORTANT NOTE:

The cryptocurrency market is highly volatile and risky. Always conduct your own research and carefully consider the risks before investing in GRT Coin or any other cryptocurrency.

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