/biz/ - Business & Finance

>token not needed

To participate in the network, Indexers will need to stake GRT to provide services in the query market

Delegators will need to delegate GRT to Indexers

Curators will need to signal GRT on subgraphs to indicate which subgraphs should be indexed

The Graph has become such a important public infrastructure, when The Graph goes down, DeFi and Web3 go down. Think about that for a second.

Data in the blockchain is unstructured for consumption. It's largely still a ledger with IN and OUT transactions + smartcontracts. You can't even get the answer to a question "what are the top wallets for this ERC20" easily. You need to run a full archive node of geth which now exceeds 4TB SSD storage requirements and then have a separate scanner which will trace movement of token balances and do the math, dumping it somewhere to a database you own. Most devs lack the tech knowledge or funds to run their own archive node, and paid services are fucking expensive

Graph incentivize data providers to do the indexing and preparing the data to any type of questions answerable by data in the blockchain, they provide the tech. They also provide a way to make sure bad actors do not share shitty data via their curator mechanism.

There is a lot of fud going around about The Graph tokenomics.
>4B tokens getting dumped on the marked in the coming 6-24 months

This is based on the fact that the tokens from early investors 'unlock' in said timeframe.

Framework Ventures is one of those. (largest Chain Link institutional investor in 2017)
''We have a long-term horizon for the tokens and do not plan on selling''.
Hint: they haven't sold anything so far.

'Locked' tokens are able to stake (delegate), aka making a income for the investors. Currently they already made 2.8M GRT (indexers + delegators).

Investors already see money being made (doing nothing), do u really think they will let go of this cash cow? Sure some will take initial out, but 4B tokens will mostly stay staked.

No one talks about the tokens being BURNED. Not sure why.
3 days ago, i saw 1M GRT was burned in total (all time). https://network.thegraph.com/
Its currently at 2.5M GRT burned. Mainnet live for a few days now.

What do u think happens to this burned number once we go parabolic in usage anon?

>>25047760
The most obvious moon mission in crypto and faggots are missing it

Hes right anon.

Pic related is also right.

>>24946754
I wonder why