Home web3.0 How much is the grt currency issued?

How much is the grt currency issued?

May 07, 2024 pm 01:51 PM
grt coin

The issuance of GRT tokens is 10 billion, which are used for staking, governance, fee payment and incentive indexers. The distribution ratio is: 12% for the team and consultants, 18% for investors, 60% for the community, and 10% for the foundation.

How much is the grt currency issued?

GRT Token Issuance

GRT (Graph Token) is the native token of The Graph network and its issuance The total amount is 10 billion.

This token is mainly used for the following purposes:

  • Staking: GRT holders can verify blocks and obtain rewards by staking tokens to ensure Network security and integrity.
  • Governance: Staking GRT tokens gives holders voting rights, allowing them to participate in the governance of the network, including decisions on improvement proposals.
  • Fee payment: Users need to use GRT to pay for querying The Graph network index data.
  • Incentives: GRT tokens can be used to incentivize indexers, individuals or organizations responsible for collecting and collating data, to promote the growth and development of the network.

According to The Graph’s distribution plan, GRT tokens are distributed as follows:

  • Team and Advisors: 12%
  • Investors: 18%
  • Community: 60% (which includes distribution to data consumers, indexers and principals)
  • Foundation: 10%

By issuing GRT tokens, The Graph creates an incentive system that encourages participants to contribute to the network and ensures its long-term sustainability.

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