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The Graph, a decentralized indexing protocol, is expected to start The main network within 60 days

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The public sale of GRT tokens has closed, raising a total of $12 million.

Blockbeats - On October 28, The Graph, a decentralized index protocol, announced The end of its GRT token public sale, which raised $12 million. The Graph foundation says it has 4,500 people involved in token sales, though it has turned away U.S. investors for compliance reasons. Its main network is expected to be up and running in 30-60 days, according to an official announcement.

Yaniv Tal, co-founder of Graph, said: "We are excited about the fact that indexers will be added to the decentralised network, with GRT tokens in the hands of curators and principals."

Currently in the testing web, data indexing protocol helps support popular de-centralization of finance (DeFi) applications such as Uniswap, Balancer, and Synthetix to extract searchable (and available) data from hard-to-reach blockchains, making it a decentralized Google.

The company's public sales announcement also suggests it will launch the main network within the next 30-60 days. "Making GRT tokens widely available was a major goal of the sale, and the SALE of GRT achieved this goal with significant representatives from Russia, Vietnam, China, India and the United Kingdom, with a total of 99 countries participating."

On June 30, The Graph announced that it had raised $5 million through a SAFT investment agreement to launch a decentralized network from investors including Multicoin Capital, Framework, ParaFi Capital, Coinbase Ventures, and Digital Currency Group. In January 2019, The Graph completed usd 2.5 million seed round financing, with Multicoin Capital leading The investment.