The Graph (GRT/USDT – Trade it here) is a protocol for indexing and querying data from blockchains. They collect, process, and keep data across different blockchains. This helps developers collect information easier. Basic information for the GRT token is available on the MEXC Digital asset introduction page.
How Does it Work
The Graph first started on the Ethereum blockchain. They aim to assist developers in collecting data and improving the performance of their decentralized applications. GRT will first analyze and collect blockchain data. The data is then stored in multiple indices known as Subgraphs. This ensures that users who submitted a query to the protocol can receive an instant response.
In The Graph, all users play their roles perfectly; making it a well-oiled machine. First, we have the developers. They create subgraphs or use an existing subgraph for their Dapp projects. In the system, there are also Indexers, Curators, and Delegators.
Indexers are node operators. They provide indexing and querying services for the signaled subgraphs. However, they need to stake GRT in order to do so. Curators, on the other hand, are subgraph creators. They determine whether a particular subgraph is good and should The Graph index said graph. Usually, curators will place GRT on the subgraphs that they believe in. Finally, we have delegators. They delegate GRT to indexers and help keep the network functioning without deploying a node.
The whole system runs on their native token, GRT. It is used to protect the security of data within the network. Furthermore, all users must stake GRT in order to execute their roles. They will get a share of the network fees once their role is completed.
Recent Price & Performance of The Graph (GRT)
Currently, the market price for GRT is $0.05194 per unit. They have a market cap of $359,179,299 and a fully diluted market cap of $522,875,974. You can check the live price of their token right here!
How to buy The Graph (GRT)
You can buy The Graph (GRT) on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “GRT” using the search bar to see the available trading pairs. Take GRT/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of GRT you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy GRT] to confirm your order. You will find the purchased GRT in your Spot Wallet.
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