KuCoin New Currency Observation: The "Google" of the blockchain industry, is The Graph worth investing in?

On December 18, 2020, the mainnet of The Graph was finally launched after 3 years of development. The Graph has always been known as the "Goolge" of the blockchain industry. So what exactly is The Graph? How does The Graph achieve decentralized search? Is The Graph worth investing in?

In this article, KuCoin Blog will give you an in-depth understanding of The Graph project.

Introduction to The Graph

The Graph is a decentralized retrieval protocol, which can be accessed from Ethereum Data is collected on the Internet and the Interplanetary File System (IPFS) and allows developers to access this data efficiently.

What is the value of The Graph?

We all know that to develop a DApp on Ethereum needs to become a complete node on Ethereum, developers need to download The complete ledger of the entire Ethereum network will greatly increase the development cost of Dapp. But with The Graph, developers don't need to be a complete node of the blockchain, they can directly obtain the relevant raw data and information needed to develop DApp directly from The Graph network, which will help developers more conveniently and efficiently Develop more "advanced" DApps.

Because The Graph project has greatly lowered the threshold for Dapp development, it has been deeply invested by venture capital since its inception. Favored by institutions, in January 2019 The Graph team completed a $2.5 million seed round of financing, led by Multicoin Capital. On June 30 this year, it received US$5 million in financing through the SAFT agreement. Investors include Multicoin Capital, JD Capital, Frame work, ParaFi Capital, Coinbase Ventures, and Digital Currency Group.

Different roles in The Graph network

In The There are 4 different roles in the Graph network. Their participation ensures the normal operation of the entire protocol, and they are driven by appropriate incentive mechanisms to jointly maintain the security of The Graph network.

● Consumer: Usually an end user, but could also be a web service or middleware integrating The Graph. They pay the indexer for queries.

● Indexer (Indexer): The indexer is the running node of The Graph. They earn rewards for running nodes.

● Curator: Curators use GRT tokens to indicate which subgraphs are worth indexing. They are usually developers, but may also be end users who support their use of the service, or a role purely for financial reasons.

● Delegator (Delegator): The delegator pledges GRT tokens to an Indexer to earn a part of inflation rewards and fees, and they do not need to run a Graph node themselves. This type of role is primarily motivated by economics.

What are GRT tokens?

In order to support the function of querying the market, The Graph protocol introduces a native token: Graph Token (GRT). The total supply of GRT is 10 billion, followed by additional issuance at a rate of about 3% per year. A brief introduction about GRT is as follows:

GRT tokens have two main uses in the protocol:

Indexer pledge . Indexers stake Graph tokens in order to be discovered by the query market, while providing economic security in the process of performing work.

● Curator Signals. Curators stake Graph tokens into the curation market to predict which subgraphs are valuable to the network, and they are rewarded for correct predictions.

How to get GRT?

Participate in The Graph Token Public Sale. On October 23, 2020, The Graph launched a public sale of 400 million GRTs. All 400 million tokens were sold within 11 minutes of the public offering. A total of more than 4,500 were successfully snapped up by users. The GRT tokens sold in the public offering round were sold at It will be unlocked after its mainnet goes online.

Alternatively, it can also be purchased on cryptocurrency exchanges. At present, several centralized exchanges such as KuCoin have launched the GRT/USDT trading pair. Users who want to buy GRT tokens can click here.

< p>With the increasing popularity of distributed storage such as DeFi and Filecoin, in the past 6 months, The Graph usage has increased by 10 times, from 1 billion queries in June 2020 to 10 billion in November Query volume, the average daily query volume reached 550 million times. The number of SubGraphs in The Graph has exceeded 3,400, including Uniswap, ENS, Gnosis, Balancer, Synthetix, Moloch DAO, Decentraland, and Aragon, etc. After its mainnet goes live, the development of The Graph will also enter a new fast lane.

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