Usecase for GRT

[Anonymous No.25619739]

I‘m too retarted to understand. blabla Google for blockchain blabla. Why do I want to query blockchains?

[Anonymous No.25619759]

>>25619739
to search for porn on the blockchain

[Anonymous No.25619877]

>>25619739
You don't. But dApp developers do. One of the biggest problems in dapp creation is querying blockchain data. It's incredibly inefficent and time consuming. The graph solved this problem by indexing blockchain data. Making it easy to query and interact with.

This is why some of the biggest names in crypto rely on the graph.
Why the graph is already a success.
And why the graph will continue to be a success in the future.
The graph has a complete monopoly on indexing blockchain data.
Zero competition.
And it's just getting started.
They're doing 500 milllion queries a day now.
But With every dapp dev building on top of the graph and stable coins using the graph and the way things are going with defi and crypto in general. The graph will be doing over a trillion queries a day before the end of the year.

Raking in insane revenue, which will bathe the stakers of GRT in sweet sweet tendies.

We're talking 6 figure income off of staking 10k grt.

[Anonymous No.25619925]

>>25619739
Do you know uniswap.info? Did you know they use grt for that data?

[Anonymous No.25619960]

>>25619739
this shit will be 30c in a day or two

[Anonymous No.25620000]

>>25619877
This never selling. Btc eth link grt only shitcoins you should hold long term. They are pretty much the only coins adopted.

[Anonymous No.25620055]

>>25619877
thats was actually helpful, thank you. Can I also stake it? if so, how do I get started if I buy?

[Anonymous No.25620115]

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.

[Anonymous No.25620120]

>>25619877
Six figures off of a 10k stack is ambitious

[Anonymous No.25620128]

>>25620055
yeh.
Here's everything you need to know about staking GRT, fren.
Enjoy your tendies.

https://thegraphportal.com/

[Anonymous No.25620163]

>>25620000
Quads of truth. I only have these three as well. What percent of my 'folio should be GRT? It's about an even split 33/33/33 at the moment.

[Anonymous No.25620164]

>>25620120
10k stack is equivalent to 1k link. Even if I sold everything I wouldn't be able to get a 10k stock dammit. I really missed link and everything.

[Anonymous No.25620242]

>>25620128
thanks, many tendies to you too

[Anonymous No.25620279]

>>25619877
>>25620115
This sounds great guys, but I always hear FUD about the supply of coins being too large. Is this right?

[Anonymous No.25620311]

Is staking my GRT a taxable event?

[Anonymous No.25620378]

Here's a redpill: The Graph has no moat in the same way for example LINK has. The network effect is not nearly as strong for a querying system as for a blockchain or oracle network.

[Anonymous No.25620473]

>>25620378
That's why they are going to push Google of web 3.0 thats all the hopium they need

[Anonymous No.25620489]

>>25620279

>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.
Its currently at 3.6M GRT burned. Mainnet just live.

[Anonymous No.25620638]

>>25620378
Not in blockchain terms, no
But keep in pajeet terms, in 1 year you will have sahaj shilling graph tutorials, which should not be underestimated

[Anonymous No.25620698]

>>25620279
This is about to be the most bitter pill you're ever going to swallow in your life. If you came here from the site in pic related, you are genetically pre-disposed to be a cucked normie for life. You are literally retarded. Don't think we haven't noticed you asking stupid questions, trying to use our lingo, and pretending to be one of us. Why are you doing it? I can't say for sure, but you probably heard somewhere on your faggity site that this place is good for finding investing advice and crypto moonshots. You couldn't be more mistaken. The truth is, this place is filled with scammers, niggers, street shitting pajeets, and autists.

The reason why the people that naturally gravitate to 4chan succeed is because we are unironically autistic and see the world in a completely different frame than you. You come here and no matter how hard you try to fit in, you stick out like a sore thumb because your future is already written on the wall. You will be a slave to your government, corporations, and bosses for the rest of your pathetic existence. You will live under a guise of happiness, but ultimately die having done nothing even remotely significant in your life.

You will hang around here for a couple weeks, probably lose money gambling on shitcoins, and then run back to the comfort of your faggy home, where you will warn other plebbitors to avoid this place: how we are all retarded, gamblers, racist, and misogynistic. You will collect your upvotes for the warning, and then jerk off to the thought of feeling important, not having realized you failed the most basic of internet shittests.

You will read this post, flame me for the direct confrontation of challenging your intelligence. The reality is you aren't, and never will capable of coming up with an original thought in your pathetic existence. Any words you speak are the equivalent of a sheep going
>bah bah bah

[Anonymous No.25620714]

>>25620489
So they're burning as much as is being handed out in delegations?

[Anonymous No.25620753]

this is the ultimate newfag bagholder coin

[Anonymous No.25620893]

>>25620714

>Currently they already made 2.8M GRT (indexers + delegators)

To answer u, no. That number is a bit outdated.
There is 3% yearly inflation, but thats not much.

[Anonymous No.25620966]

>>25620893
So max supply is not 10 billion?

[Anonymous No.25621021]

>>25620311
i thought crypto was only taxable once you convert back to your country's currency

[Anonymous No.25621073]

>>25620698
This post is beautiful, I wept while beating off furiously. No trips but the id is a badly spelt vausch, is kek trying to communicate?

[Anonymous No.25621224]

>>25620753
and?

[Anonymous No.25621310]

>>25620698
I could only read the first and last sentence of this post. are you ok?

[Anonymous No.25621468]

>>25621224
what and? this coin will be outperformed by most solid projects in the next weeks. pumped to hard and mcap way too high.

[Anonymous No.25621611]

>>25620378
>The network effect is not nearly as strong for a querying system as for a blockchain or oracle network.
you're flat out wrong
a smart contract is useless to businesses unless they can actually use that data

[Anonymous No.25621755]

Who the fuck gonna use this token I wen on www.graph.com and I can't even search for anything and you expect me to pay a token?

[Anonymous No.25621805]

>>25621468
Post crystal ball

[Anonymous No.25622030]

>>25621755
>> who is gonna use this token?
Visa.
Banks.
Every major DeFi player.
Every single dApp Dev.

[Anonymous No.25622065]

Simple explication for retards: It's not for the public, it's an infrastructure token for the Internet.

[Anonymous No.25622176]

>>25619877
Checked but didn’t read never selling

[Anonymous No.25622270]

This token has inflation equal to dogecoin. Who would buy it?

[Anonymous No.25622316]

>>25619877
It relies on ETH though and if ADA topples ETH you can kiss your dreams good bye
Another indexer on the ADA blockchain will take over the mantle

[Anonymous No.25622617]

>>25619739
The inflation out performs the burn rate. This thing is staying under 50c for a very... very long time

this entire thread is a pajeet circle jerk cope

[Anonymous No.25622736]

>>25622316
>> another indexer on another blockchain

Clearly you haven't done your research.
The graph will be multi-blockchain.
Read it and weep.

Wouldn't be much of a middleware solution if it wasn't.

Maybe do some research before you open your mouth next time, sweetie.

[Anonymous No.25622789]

>>25622736
why the fuck isn't it mooning then? Literally alt-season even and it's lagging behind? What gives?

[Anonymous No.25622794]

>>25621021
Not in burgerland, I know transfering between crypto is taxable in the US too.

[Anonymous No.25622823]

>>25619877
>They're doing 500 milllion queries a day now.

For real? Jesus

[Anonymous No.25622869]

It’s dead

[Anonymous No.25622904]

Why does it love hanging out at 36.6 cents?
Thats its favorite price

[Anonymous No.25622935]

>>25622316
>if ADA topples ETH
HAHAHAHAHAHA
But seriously GRT is blockchain agnostic

[Anonymous No.25622953]

>>25622823
Yes sir.
>>25622736
30c was the bottom.
We are rising higher every day.
chill your tits.
This is a blue chip crypto.
$5 before march.

[Anonymous No.25623089]

if GRT is so good, why is its price shit?

[Anonymous No.25623107]

>>25622953
You pajeets are alright, buying more as we speak.

[Anonymous No.25623159]

>>25623089
Inflation that keeps with the US dollar.

[Anonymous No.25623236]

>>25623159
bullshit, everything else is pumping but this
my question is, if there are 500 million queries, why is the price so low

[Anonymous No.25623274]

>>25623236
because NO ONE likes being raped on fees

[Anonymous No.25623293]

>>25623236
Whales suppressing

[Anonymous No.25623292]

>>25622953
invert this motherfucker

[Anonymous No.25623365]

>>25622794
i am financially ruined

[Anonymous No.25623613]

>>25620698
new pasta?

[Anonymous No.25623662]

Ahhhh i bouhgt at 38c did I fucked up?

[Anonymous No.25623710]

>>25623662
Just HODL, you'll be fine. In time.

[Anonymous No.25623893]

>>25623236
theres a whale on binance whos been suppressing the price for several weeks now, makes me want to find and strangle that motherfucker

[Anonymous No.25624015]

I just do not know if this shit will ever moon. I’m trying to come to terms with potentially missing the bullmarket then it tanking 80%

[Anonymous No.25624022]

Who is the team behind it? Do they have a good CEO/Leader/Visionary? Have they worked somewhere else before with success?

[Anonymous No.25624102]

>>25624022
He’s Jewish.
Any more questions?

[Anonymous No.25624125]

people are so damn impatient. ""wahh, it isn't mooning right this moment". Coin has been public for less than a month, only 1 subgraph is running decentralized. So many big things in the coming months.

[Anonymous No.25624241]

poorfag, just bought 250 coins, hope its worth something in a year

[Anonymous No.25624321]

>>25619739

The graph protocol is used to query blockchain data.
The same way google is used to look up belle delphines butthole, by simps like you,
is the same way the graph protocol is used to query blockchain data by dapp developers like
aave, uniswap, synthetix, maker, 1inch, coingecko, coinmarketcap, and compound.
That's why it's called "The Google of Blockchain".
It's not rocket science.
But it IS the backbone of defi and the foundation upon which web 3.0 shall be built.

[Anonymous No.25624334]

>>25623236
>bullshit, everything else is pumping but this
nigger we were .28 yesterday

[Anonymous No.25624397]

>>25624102
any other jews that have failed with crypto projects?

[Anonymous No.25624521]

>>25624022
Yaniv Tal, look him up.

[Anonymous No.25624634]

>>25620311
No but receiving rewards would be I think. But staking itself is not like a crypto->other crypto transaction, as I understand it.

[Anonymous No.25624880]

>>25624397
Not when those projects have been backed by 10 VCs

[Anonymous No.25625072]

>>25623662
I bought at .41, not sweating.

[Anonymous No.25625096]

>>25620164
Check your math anon. 10k is less than $4k

[Anonymous No.25625250]

>>25620489
Burning mechanics really doesn't mean anything in the overall scheme of things. Any burning done will probably be offset by the built-in inflation. In case anyone is wondering whether this is a deflationary asset, it's not. The burning mechanism's role is to ensure it's not an inflationary asset, it will probably remain at around 10 billion total supply.

[Anonymous No.25625367]

>>25619739
Klaus Schwab wants all the food on blockchain along with the slaves, uh i mean people. Great Reset Token can query data about goods moving along. Query for this bug meat. Query this country and its adoption of Gates fake meat patties. Give more grt to countries and ppl that adhere. No grt to the ppl that dont.

[Anonymous No.25625973]

>>25622904
this is exactly the price I bought in at. It's doing it just to fuck with me

[Anonymous No.25626067]

>>25622904
Used to be its high. It's just teasing swingers.

[Anonymous No.25626145]

>>25623236
If I was building a work token, I would probably want it to be smooth and steady. No great speculation. If I was a dirty fag, I might even plan on beating the fucking shit out of the thing in order to torture buyers and shake out the short-haul non-believers/speculators. I dunno, maybe I'm just untrusting by nature

[Anonymous No.25626420]

>>25626145
>I dunno, maybe I'm just untrusting by nature
Yeah and a bit dumb.

[Anonymous No.25627108]

>>25623365
kek. You trade on a KYC exchange?

[Anonymous No.25627816]

>>25622030
they won't use it if they can clone the project with their own technology for free.

[Anonymous No.25627833]

>>25620128
Thanks Anon

[Anonymous No.25628086]

So I need 10k to stake?

[Anonymous No.25628155]

Fine ill sell my loopring for this.

And ill get a 10k stack. Im tired of being poor.

[Anonymous No.25628175]

>>25628155
You can delegate with 1 GRT, start reading some basic material and clicking through their website for fucks sake.

[Anonymous No.25628353]

>daily reminder

[Anonymous No.25628426]

>>25628175
I did but I'm not familiar with it enough to know about it.

Let's say I delegate 1k grt, whats the % return im looking at?

[Anonymous No.25628563]

>>25628426
buzz off

[Anonymous No.25628588]

>>25628563
No bitch. In fact. Ill just go all in and pick up 100k

[Anonymous No.25628610]

But I can just run a local version... I don't need to use the token...

[Anonymous No.25628619]

>>25628426
This might help
https://graphlets.io/

You can expect anywhere from 1% to 10% APY. Don't pick the indexer with the highest ROI because he may change the parameters down the road in his favor, it may mean he's inciting fresh delegators to pool with him. Or he may not, it's best to join their discord, search for their name and see what their strategy is. There's a 28 day cooldown if you choose to undelegate so keep that in mind

[Anonymous No.25628653]

>>25628588
you need greater than 100k to delegate to preferred subgraphs or indexers will deprioritize you idiot

[Anonymous No.25628819]

>>25628653
That's curating.