/biz/ - Business & Finance

>currently 8 mil tokens burned,
>project been out for 2 months
>100k tokens are burned daily with just 26 subgraphs
>when 7k subgraphs are on mainnet, that means there will be 200x more sub graphs than now
>this will lead to a multiplier of daily queries
> even if the number of tokens burnt only went up by 10x let's say
>1 million tokens will be burnt daily (this is a conservative estimate)
>365 million tokens will be burnt on a yearly basis in the future (also a conservative estimate)
>still bigger than number of new tokens minted
>still not a lot of GRT tokens will be enough
>price will still go parabolic even with 300 million tokens minted yearly

I have 1500 GRT. Will i make it?

>>28043715
Depends on how much you wait, one GRT will be worth about 1k in 4 years

>>28043807
What is the ceiling on this thing?

>delegating my stack
>Think I'm making 18% apy
>Actually sit down to do the math
>65k GRT delegated getting about 18% APY
>Average cost of 59 cents per
>At 59 cents my stack was worth $38k
>18% of my GRT is 11700 GRT a year or $6900
>mfw were not at 59 cents anymore
>18% of my stack at 90 cents is $10,700
>An effective 28% apy
>75% at 2 dollars
>300% at $10
>600% at dollar 20
And none of that even considered that the interest compounds daily meaning my initial investment will keep going up while my average cost goes down with each free token I'm given. If you sell more than 4% of your stack per year you're absolutely brain dead.

>>28043872
For coins with limited supply the sky is the limit. Look at eth, it took it exactly two years two go from $1 to $1,000 and it has unlimited supply (for the time being).
I think in a few months every new project will promise to be "the next GRT".
I also think it will outperform BTC, ETH and LINK by a very significant margin.

whats a good wallet to use for my grt? i am retarded and couldnt figure out how to put it on my ledger

>>28043872
There isn't one.

>>28044270
Metamask.

>>28044270
Really look into putting it on your ledger, or just delegate it.
This is a long term hold and you REALLY want to keep it safe. People think the trifecta is BTC, ETH and LINK. But look at LINK performance and it isn't as good as the other two.
I think the real rags to generational wealth stories will only be made with BTC, ETH and now GRT.

>>28044450
is that what you did with yours anon? i sent 1 coin last time and didnt receive it, how do i go about sending it to ledger?

>>28044450
also another retard question- how do i delegate? i have not been browsing biz as much as i havae since summer and am super mentally hazy

>>28043618
>100k tokens are burned daily with just 26 subgraphs
Most of those burnt tokens are from delegating, retard.
Only one subgraph on mainnet atm.

>>28043883
>65k GRT delegated getting about 18% APY
>Annual percentage yield
Coin has been out 3 months, kek.

>>28044654
bro learn how to use your fucking tech, don’t purchase anything until you know what it does. there are videos explaining this. ledger supports grt as well.

>>28044723
Just use a metamask wallet, send it there and from there put it in your ledger. It's easier that way.
And here is the official delegation guide:
https://thegraph.com/docs/network#delegating

I personally staked with one of the ryabina indexers but I think they are overdelegated now anf there are many good options

>>28044755
It's hilarious that you're trying to fud but creating fomo. Currently we have 0 query fees and yet token burn is in the millions daily. The test net has billions of queries per month. Rub your smooth brain and think about how big token burn will be when queries start to cost money.

>>28044840
>You can't extrapolate APY based on the daily compounding interest
Jesus. Don't be a nigger and a faggot all at once. Save the hepatitis and aids for the rest of them.

>>28044972
There is 8 million tokens burnt. How is that millions a day?
>>28045074
Pic related, retard

>>28045320
You had your time to accumulate. It's going up no matter what. You don't have enough influence to change it in any significant way.

>>28045504
I bet I have more grt than you.

>>28045589
I bet.

10,500 GRT

Should I dump the $10K I have left or look for another project?

>grt only works with eth
NGMI

>>28045320
And what do you think will change the trajectory of this? My indexer is nearly as capacity and we haven't even started collecting query fees yet. Not to mention that my effective cost per gets lower as I'm rewarded more GRT making my APY increase along side the rising cost per coin.
Let me guess. You're the retard from the other thread that sold at 71 because you were so sure we'd dump.
See you when you FOMO back in.

>>28045833
Look at the 1d. I'd wait and see if we can hold $1 for more than a few hours.

>>28045833
CUTE

>>28045870
This FUD is stale
https://thegraph.com/blog/evaluating-multiblockchain

>>28045870
Good question.. does GRT only index etherium?

>tfw got burnt bad by the GME bullshit

I was hoping to invest GME gains on GRT.

I only have 5k GRT, but now I really hope it moons and that DeFi btfo wall street jews. It’s the only way I’ll get over this grudge.

>>28045870
I think you posted it so you would be easily disproven as a way of smart shilling.
But yeah, GRT is network agnostic. It is being implemented for al L1 soutions besides eth.

>>28045920
I bet I have more grt than you too. You haven’t read enough about this project nor you you seem to understand how indexers, rewards, or query fees work. Otherwise you wouldn’t be this retarded.

>>28043807
Please keep feeding me this wonderful hopium
T.8k stack

>>28045955
>look at the 1D
which means what?

I have $10K more dollars and just dont know if I should go all in with GRT or put into another project.

>>28046059
anyone paying attention to what happened to gme has to have lost all faith in the US finanicial system. Stock market is literally running on 19th century tech with minimum punishment for cheating

>>28046151
We either have insane growth ahead of us still or are due for a serious correction. I think if we can hold $1 that we are more on the insane growth side.

>>28046085
Not gonna measure dicks with you. See you at $1 plus

>developer wants to query data for a specific network, i.e Uniswap
>they have to pay in GRT to the indexers
>Indexers use the fees and take a cut, and deliver some of that cut to delegators
>Right now there are only 162 indexers
>as more subgraphs come to main net (there are about ~7000 still in test net), more indexers will exist to support said subgraphs and compete with other indexers with fairer prices
>As more indexers exist, more GRT will be delegated to secure the network and to also incentivize the delegators to make passive income
>The more GRT that gets delegated, the less will be available for buying/selling
>Eventually there will be so many indexers that there won't be enough GRT to actually be delegeated staked, thus the GRT price will go parabolic due to supply/demand
>Query fees will stay the same as indexers can simply charge for less GRT if the price of GRT rises

>>28046283
If it crashes big I want to put more money into it but if its pumping I am reluctant to put more in.

>>28046481
I am still not sure how the price goes parabolic if the query fees stay the same in fiat

>>28046571
Then I'm not sure what to tell you. I'm not going to pretend I know what's going to happen. Just put the 10k in a project you understand and see potential in.

>>28046571
Anything below $1 is practically free if the insane amount of hopium being pumped in this thread is anything to go by.
Even by traditional, conservative logic, it's still a 10-20x in the next few years if you just buy and hold.

>>28046810
Every GRT is a little passive income machine. People pay a premium for that, demand is high and supply is low (because everyone who holds GRT has them either to put them to work as income machines or to pay for queries) so price goes up.

>>28043715
How does 15 dollars sound?

Ugh.. not sure what to do.

>>28048578
How does $150k sound*

>>28049077
Imagine

>>28049077
Ok I cleaned it up.

better version

Token not needed.

>>28049867
Based
>>28049885
Priced out already, aren't you.

>>28049885
at least give us a funny copypasta

IT'S HAPPENING

I believe in Yaniv

I hope you’re right but I’m a 6k stacklet in grt and sometimes I’m destined to be a mediocre middle class male.

cant wait for the 10b coins to dump later this year so I can finally buy in at .20 cents

>>28051213
I will just buy more.

patience will take us to the moon anons

>>28043366
>>28043618
I want to believe this but the fact that this is relentlessly copy/pasta'd is discouraging.

>>28052918
It's cause I actually wrote it yesterday. It wasn't meant to be copy pasta but it became so. Doesn't take away from the fact that's what I realized about this project. If you do your own research and come up with a different conclusion then I'm also interested in seeing that.

>>28054094
Your research seems on point but I get bearish with anything that gets relentless copy/pasta, usually it's a sell sign. I'm very excited to see where this project will take us through the years, for once I have hope that I just might make it.