Introduction to Graph Token (Graph Protocol)
In the realm of AI cryptocurrency, the Graph Token has piqued our interest.
Leveraging cutting-edge artificial intelligence, this crypto technology intricately learns to index data, organizing it into subgraphs, thereby enhancing and simplifying efficiency.
Our platform is dedicated to unraveling the layers of this intriguing technology, showcasing how AI is crafting a new paradigm akin to Google, but for the Blockchain industry.
For those pondering why Graph Token is hailed as an AI crypto, a closer look at its operations and systems reveals that AI is the driving force and core system behind this revolutionary platform and technology.
Delving into the functionality of Graph Token within the Graph network, it serves a crucial role in ensuring the integrity of the data housed within the network.
Whether you are an indexer, curator, or delegator, the mandatory staking of GRT (Graph Token) is essential to carry out your roles and, in return, earn transaction fees from the network.
To discern whether Graph Token stands as a commendable token, the pertinent question arises.
However, understanding the technology that underpins Graph Token is equally crucial.
What lies behind this token, propelling it into the forefront of the crypto landscape?
Let’s explore the technological marvel that powers the Graph Token and contributes to its significance in the evolving blockchain domain.
The Technology Behind Graph Token (GRT)
Embarking on a comprehensive exploration, let’s unravel the intricate technology that serves as the foundation for Graph Token and understand its pivotal role in the crypto landscape.
Graph Token operates on an open-source protocol rooted in Distributed Ledger Technology (DLT).
DLT is a digital system that records asset transactions simultaneously in multiple locations, devoid of a central data store or administrative functionality.
Notably, Graph Token stands as a testament to the decentralized nature of DLT.
Digging deeper, Blockchain technology, a specific form of DLT, employs a linear system of blocks to record and verify information.
Through my research, it has come to light that Graph Token made its debut on the Ethereum Blockchain in 2018, solidifying its status as an ERC-20 token built on the Ethereum platform.
Within the Graph Token ecosystem, active indexers, curators, and delegators are rewarded in proportion to their contributions and the amount of Graph Tokens they stake.
This symbiotic relationship fosters a dynamic and incentivized network.
What sets Graph Token apart is its reliance on a distinctive system called “subgraphs manifest” to index and organize data sourced from supported networks such as Ethereum.
A subgraph is a predefined set of rules encapsulating data related to Blockchain events and smart contracts.
This data is meticulously stored and indexed by network participants, establishing a robust foundation for Graph Token’s functionality.
The versatility of Graph Token becomes evident as it unveils a myriad of use cases within its ecosystem.
This multifaceted token proves its significance by seamlessly integrating with various facets of the crypto world, further solidifying its position as a technological trailblazer.
The Diverse Use Cases and Applications of Graph Token
The Graph Token stands as a compelling asset for tech developers venturing into the realm of creating Blockchain-based applications requiring seamless access and validation of Blockchain data.
For investors, integrating Graph Token into their portfolios becomes an enticing prospect, especially if they foresee the continuous expansion of decentralized finance (DeFi) relying on extensive Blockchain data.
As the token grows in value, it becomes not just a utility but a strategic investment in the evolving landscape of decentralized financial technologies.
Developers, in particular, reap the benefits of the Graph Token’s ecosystem by gaining access to user-friendly, cost-efficient, and secure APIs.
The decentralized nature of the Graph network empowers applications to seamlessly contribute data to the Ethereum Blockchain through smart contracts, enhancing efficiency and security.
Notably, Graph APIs have emerged as the most popular decentralized finance platforms in the current market, reflecting the widespread recognition and adoption of Graph Token within the DeFi space.
As we explore the multifaceted applications of Graph Token, a lingering question arises:
Who is the mastermind behind the creation of this transformative token?
Let’s delve into the origins and creators of Graph Token to shed light on the visionary minds that brought this innovative technology to fruition.
The team behind the Graph Token (GRT) and its developments is led by Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez, who joined forces after collaborating on various startups focused on developer tools.
Founded in 2018, Graph Network has thrived under their leadership.
Yaniv Tal, the founder of Graph Network, boasts over three years of prior crypto experience, having worked with Mulesoft, an API company acquired by Salesforce.
As a co-founder of Graph Protocol, he successfully steered the team and community towards the current state of the company.
Brandon Ramirez played a crucial role in designing the system-level architecture and economics of the protocol.
His background as a software engineer on data-intensive applications at Excel and Mulesoft has contributed to shaping the product and developer experience.
With over 590 subgraphs, Graph Network is experiencing increasing indexing rewards flowing to Arbitrum, a trend expected to continue.
The future of Graph Protocol looks promising, focusing on expanding data services, integrating new data sources, introducing query languages, and supporting large language models, akin to the technology powering OpenAI’s ChatGPT.
The protocol aims to empower developers by enhancing development experience and tooling, introducing streamlined billing, clear pricing models, a new free query plan, and reduced gas fees.
Ongoing improvements will enhance the protocol’s resilience, flexibility, and user-friendliness, including updates to delegate functions and overall robustness.
Over the past three years, Graph Protocol has overcome startup challenges, establishing itself as a mature and reliable solution serving the needs of developers and data consumers in the web3 space.
However, despite positive developments in the roadmap, the native token’s reaction to a 104% increase in the previous three weeks followed by a 4% drop remains a noteworthy phenomenon, prompting further investigation.
To gain a comprehensive understanding, let’s delve into the native token’s tokenomics.
The Graph Token (GRT) Tokenomics: Roles, Supply, and Burning Mechanisms
To comprehend the dynamics of Graph Token (GRT), let’s delve into its tokenomics, guided by a decentralized protocol akin to a B2B2C model, where a decentralized network facilitates the seamless flow of Blockchain data, rewarding participants with GRT.
The network thrives on four key roles:
1. Delegators
They delegate GRT to indexers, actively contributing to the security of the network.
2. Curators
Tasked with discovering the best subgraphs for indexers, curators play a vital role in optimizing data retrieval.
3. Developers
The architects who construct and query subgraphs, thereby shaping the foundation of the network.
4. Indexers
The backbone of Blockchain data, indexers form a crucial part of the network’s infrastructure.
Graph Token initiated with a total supply of 10 billion GRT, with an annual distribution target of 3%, rewarding indexers for their stake in subgraphs.
In essence, 3% of the initial 10 billion coins enter circulation each year.
A notable feature is the automatic burning mechanism, designed to eliminate at least 1% of the GRT token supply annually.
This burning process occurs through various mechanisms within the network.
Currently, the circulating supply of Graph Token stands at 9.36 billion GRT out of the initial 10.06 billion.
This signifies the creation of 2.46 billion tokens in the preceding year.
For a more in-depth understanding of Graph Token and its vibrant ecosystem, would you like to explore further into the Graph community and its engagement?
The Vibrant Graph Token Community and Followers
The Graph Protocol boasts a robust and engaged community, making significant strides in the crypto space.
According to Bitdegree, the protocol commands a substantial social media presence:
– Twitter: With over 318K followers and a repository of over 7000 tweets, Graph Protocol maintains an active and influential presence on the platform.
– Telegram: The community extends its reach on Telegram, where Graph Protocol has garnered over 21.3K subscribers, fostering direct communication and interaction.
The official website of Graph ranks impressively with a Domain Authority rank of 77, attracting a substantial audience of over 20,000 monthly visitors.
Beyond the digital landscape, Graph Token holds its ground in the crypto market, commanding 0.10% of the entire market capitalization.
A noteworthy aspect of Graph’s success is the pivotal role played by its community.
This tightly-knit group shares a symbiotic relationship with the administration of Graph Protocol, contributing significantly to the protocol’s growth.
The adoption of Graph services has witnessed a surge, fueled by the community’s unwavering belief in the company’s dreams and mission.
The influx of new members into the community further propels Graph Protocol’s year-to-year growth, underlining the dynamic and expanding nature of this vibrant community.
The Robust Security and Governance: An In-Depth Look at the Graph Protocol”
When delving into the realm of security, it becomes evident that the security of GRT tokens is of paramount importance.
These tokens are fortified by the robust security features inherent in the Ethereum Blockchain, offering a heightened level of protection.
In an era where many tokens grapple with inadequate security measures, often resulting in vulnerabilities in storage wallets leading to hacks and fraud, GRT tokens emerge as a beacon of reliability.
Their compatibility with a diverse array of crypto wallets, predominantly decentralized and inherently secure, facilitates seamless storage and trading experiences for users.
Adding to the allure of GRT tokens is their transparency.
Each token is openly accessible to the public eye, promoting a sense of accountability and trust within the community.
For those seeking optimal storage solutions, my research has identified several wallets deemed suitable for Graph tokens, including Trust Wallet, MetaMask, Ledger, Imtoken , Torus, Coinbase, Tokenpoint, and Itoken Wallet.
Participation in the governance of the Graph Protocol is not confined to a specific group; rather, it is an open invitation to individuals with diverse skill sets, be they engineers, creatives, or business minds.
The inclusivity of the governance structure encourages anyone willing to contribute to the protocol and community.
The Graph Protocol’s governance is meticulously overseen by the Graph Council, receiving support from the Graph Foundation, core contributors, and, most importantly, the community.
Within this governance framework, the Graph AdvocatesDAO stands out as a vital team, entrusted with the supervision of the Advocates Program and the allocation of community grants.
This multifaceted approach ensures that the Graph Protocol remains secure, transparent, and dynamically governed by a collective effort.
The Market Dynamics: Graph Token Performance and Emerging Trends”
As of January 3rd, 2024, the market performance of GRT reveals a decline of -9.65% over the last 24 hours.
Despite this, it boasts a circulating supply of 9.36 billion GRT coins and a maximum supply of 10.79 billion coins.
While it holds the 49th position by market cap in the broader marketplace, at Cryptoslate AI Crypto, GRT claims the top spot.
The current price of Graph stands at $0.175118 as of January 2024.
When Graph Token initially entered the market, it witnessed a humble beginning.
However, it surged to an all-time high value of $2.82 on February 11th, 2021.
In the AI coin landscape, AGIX held the spotlight in December 2023 as the most sought-after token associated with the SingularityNet platform.
AGIX plays a pivotal role in facilitating transactions within this decentralized open-source Blockchain platform.
Fast-forward to January 2024, Fetch and Graph are now ascending the ranks, with Fetch commanding a trading volume of over $91,000 and GRT recording an impressive $96,000 in the last 24 hours.
Remarkably, Graph Protocol exhibits almost double the market cap of Fetch, standing at $1.75 billion, securing the highest position among all AI Crypto tokens.
This underlines its robust market presence and leadership in the AI token landscape.
Evaluating Graph Token Returns
Fraudwatchai consistently underscores the importance of recognizing the inherent risks associated with GRT investments, echoing a familiar sentiment in the cryptocurrency landscape.
Factors such as market volatility, regulatory uncertainties, and potential staking risks all contribute to the complex investment environment.
It is imperative for investors to exercise caution and adhere to the principle of never investing more than they can afford to lose.
Thorough research becomes a cornerstone in navigating the dynamics of the cryptocurrency market.
Despite a cryptocurrency appearing genuine, stable, and successful, the uncontrollable volatility within the crypto market serves as a stark reminder of the unpredictable nature of these investments.
Investors are encouraged to stay informed and approach their GRT investments with a balanced perspective.
Graph Token’s Market Landscape: Identifying Competitors
In the competitive arena of the market, Graph Protocol contends with several noteworthy rivals.
Primarily, QuickNode, SubQuery, and the Polygon network emerge as prominent contenders vying for market share with Graph.
QuickNode distinguishes itself by offering a comprehensive web3 infrastructure platform, supporting developers and businesses in the creation, launch, and scaling of applications powered by Blockchain technology.
Expanding the competitive spectrum, Graph also finds itself in competition with API management companies.
Notable among these are Microsoft Azure, commanding a significant 69.04% market share, followed by Amazon API Gateway at 10.06%, and GraphQL with a 5.65% market share.
This diverse landscape highlights the dynamic nature of the market and the multifaceted challenges that Graph Protocol encounters in its competitive journey.
Anticipating on the Future Perspective of Graph Protocol
While envisioning the future of the GRT token with the potential for substantial increases, whether reaching $1, $2, $3, or beyond, FraudWatchAi emphasizes a commitment to prioritizing blockchain technology, ongoing developments, and the foundational values of projects over speculative price assumptions.
In an industry susceptible to short-term fluctuations and pump-and-dump scenarios, the focus shifts towards sustainable growth and the longevity of projects.
FraudWatchAi poses a thought-provoking question: Are you seeking to align with a robust, enduring project?
The Graph Protocol, acknowledged as a commendable project, signifies a positive trajectory in its current state.
While the future remains uncertain, the present showcases promising signs of growth, solidifying its status as an exceptional project.
Fraudwatchai pledges to consistently deliver insightful articles, comprehensive reports on AI crypto, and insightful reviews, ensuring readers stay informed about the evolving landscape of blockchain and artificial intelligence.
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