Coinsquare is the most trusted cryptocurrency trading platform in Canada. We facilitate your participation in the cryptocurrency space with over 50 of the top crypto coins on the market, including the popular The Graph (GRT) coin.
Want to learn more about how to invest in cryptocurrencies like GRT? This page covers the essentials for beginning crypto investors, with instructions on how to get started quickly.
Add money in the currency of your choice (this can include CAD). These funds are what you’ll use to buy GRT.
Before you buy, you can check the current price of GRT, or any other token listed in Coinsquare in CAD or USD.
Congratulations! You are now an owner of the GRT cryptocurrency, along with thousands of others in the GRT community!
After making your purchase, your GRT will be stored in your secure and insured Coinsquare wallet. If you wish, you can withdraw the coin to your own external wallet.
The Graph (GRT) is an open-source protocol based on Distributed Ledger Technology (DLT) that collects data from various blockchain networks without intermediaries.
The Graph protocol was created by Yaniv Tal, Jannis Pohlman, and Brandon Ramirez and was introduced on the Ethereum network in 2018. The team wanted to solve the challenge of querying blockchain data, which can be slow with traditional methods. In June 2020, The Graph raised USD 5 million through a token sale. By October 2020, The Graph Foundation took over the network’s governance, leading to a public token sale that raised USD 12 million. The Graph project quickly gained traction because of its innovative approach and the growing need for efficient data indexing in the blockchain space.
In December 2020, The Graph (GRT) launched its mainnet, allowing developers and network participants to deploy their subgraphs on a decentralized network through public and open APIs. These subgraphs allow thousands of decentralized applications to run on the network. This marked a significant milestone, enabling the protocol to provide scalable and reliable data indexing services to the broader blockchain community. Since then, The Graph (GRT) has seen widespread adoption, with thousands of subgraphs deployed by developers across various blockchain networks.
The Graph serves as a global API for organizing, indexing, and querying data through the GraphQL programming language to increase the efficiency of decentralized applications (dApps). The Graph gathers and analyzes blockchain data before storing it in “Subgraphs,” allowing applications to send queries and receive prompt responses. Its mainnet enabled decentralized applications to access blockchain data easily and operate seamlessly. The mainnet runs on nodes that make up the network, making it a great place for dApps and developers to work.
So, what is The Graph crypto, and how is its value determined?
The Graph crypto coin, GRT, is an ERC-20 token, which means it can be stored in wallets compatible with ERC-20 tokens and Ethereum (ETH). GRT is used to manage resources within the ecosystem. The Graph started with 10 billion GRT tokens, and more tokens were created as rewards for indexing. Initially, 3% of the Graph crypto coins are issued each year, but this rate could change in the future through technical governance. The network burns the withdrawal tax paid by curators and 1% of all protocol query fees. These actions are also subject to potential changes through technical governance.
Indexers, curators, and delegators are users who contribute to organizing the data and passing it along to end-users and applications. These users use The Graph crypto to participate in the marketplace and earn a fraction of the network fees. The role of each user includes:
The Graph is valuable in technical and market aspects because GRT tokens are traded in the cryptocurrency market. Many different factors determine the value of The Graph and the GRT price. One important factor contributing to The Graph’s price is its blockchain architecture. The total supply, circulating supply, project roadmap, technical features, mainstream use, regulations, adoption, updates,
The Graph (GRT) offers a wide range of applications and use cases within the blockchain ecosystem, including:
The Graph (GRT) is changing how blockchain data is organized and searched, making it a must-have tool for developers and users. Its unique methods, strong token system, and various uses make it a major player in the future of decentralized data organization and control. The Graph (GRT) is leading the change toward a more connected and efficient decentralized system by improving how we find and use various blockchain data.
Investors with all levels of knowledge are welcome to participate in the exciting world of GRT investing, trading, mining, and all other activities in this technology space. As an inclusive community, crypto arenas work to be accessible to everyone.
Coinsquare is vigilant about education, maintaining a real-time news feed in its mobile app, and providing 24/7 customer service support for all our account holders.
Before investing in GRT, do your research and your due diligence. Evaluate the market performance, the GRT community, and the security aspects of GRT. As you immerse yourself in the crypto space, you can go further: assess the project’s partnerships with other companies and organizations, figure out what GRT’s plans are for the future, and evaluate the GRT community’s engagement, online presence, and enthusiasm.
Anyone who wants to invest in GRT should understand basic concepts like what a blockchain is, how blockchains work, and the purpose of consensus mechanisms like Proof of Work and Proof of Stake. These concepts are reasonably accessible and essentially the same for all cryptocurrencies. You can find plenty of online guides to explain them. If they don’t make sense to you right away, stick with it and search for resources that are suited to your learning style.
GRT’s market performance and price data over time isn’t representative of where GRT is going, but it will give you a sense of the confidence other investors have had in it. As with all investments, past results are not indicative of future performance, so be diligent in your research before buying any type of investment
Also, consider the market capitalization for GRT. The market cap is a metric used to indicate the total value of GRT. Each cryptocurrency has a market cap. This figure is important because it can be used to compare different cryptocurrencies and evaluate their relative dominance on the market overall.
Coinsquare makes this data easily accessible. We provide all the information you need to make an informed decision about buying GRT.
Sufficient liquidity when purchasing GRT on the trading platform you choose is important so that it’s easy to buy and sell without significantly impacting the price. Trading volume can be used as an indicator for trading interest in GRT within a specific timeframe.
Look into the partnerships that GRT has established with other companies and organizations. Partnerships with reputable, well-respected companies indicate trust in GRT. These partners often conduct extensive due diligence, which will give you confidence in GRT and its ongoing viability.
Partnerships with tech companies can also give GRT access to resources like expertise and equipment, while strategic partnerships can provide the financial backing that GRT needs to shore up its stability and continue to innovate and grow.
Overall, solid partnerships suggest that other companies see value in GRT and are willing to back it with their own resources.
A large and active community is important to a cryptocurrency’s success. Follow GRT’s social media channels to see how involved people are with GRT, keep up with the news about it, and get a sense of the community vibe. Developer support for GRT can give you additional information about the GRT community.
Investigate any past security incidents and see how they were addressed. Check on the social media chatter about these incidents to evaluate how the public and the GRT community responded.
Collecting information about GRT before you invest will help you make better investment decisions and manage any potential risks. Coinsquare is dedicated to giving you as much information as possible to help you get comfortable in the crypto space.
You have options for trading platforms in Canada. Why choose Coinsquare?
Here are the advantages we offer to individuals or organizations interested in GRT or other cryptocurrencies:
Since its founding in 2014, Coinsquare has become a leader in the cryptocurrency space in Canada. Over the past decade, we have welcomed over 500,000 Canadian users to the crypto space and facilitated trades in excess of 8 billion Canadian dollars. We have the experience, customer base, and dedication to the community to have earned an outstanding level of trust and success. Open an account today; let’s see where we can go together!
