The Graph Foundation collected more than 12 Million dollars in the sale of its native token, followed by an announcement that the foundation is bringing to it’s users a decentralized data protocol.
Graph wants to create a seamless platform on the Decentralized network which the intermediaries can use for Web3.
The Graph Foundation sold its token to around 4500 people in which the US investors were ‘Geo-fenced; to participate’. Graph Foundation has sold around 400 Million GRT tokens in the sale opened recently.
Graph Intends to Create Protocol for Decentralized Networks on Web3
The Graph test net uses the data indexing protocol as the backbone of the various DeFi solutions like Synthetix, Balancer, and much popular Uniswap. The mainnet launch would most probably follow within the next 30-60 days. The company noted that the GRT sale had achieved its purpose, instantiated for, and gas garnered massive participation from around 99 countries. Vietnam, India, Britain, and China were some countries which participated in large numbers.
The public token sale of Graph token was highly successful, which helped the company raise millions of USD. The Graph also raised around 5 Million USD and 2 Million USD, respectively, in a private token sale and funding rounds earlier.
Further, the blog highlighted that sale was one of its kind as it was done entirely on the Ethereum network. The sale was accomplished through the GRT Sale dApp that was implemented over Metamask and Wallet Connect. The sale was handled without any glitches or offline even when there was a surge in the incoming traffic.
GRT Token Holders Become OG Graphers
The various crypto traders who hold the GRT native token would be referred to as delegators or indexers and can provide their solutions and services to the various decentralized application. The company noted that now there are more than 4500 GRT token holders in the world. The number rose substantially after the sale and added to the 200 Indexers on the Graph test net and 2000 curators with the Graph Curator program. The various crypto traders who hold the GRT native token would be referred to as delegators or indexers and can provide their solutions and services to the various decentralized application.
The company noted that now there are more than 4500 GRT token holders in the world. The number rose substantially after the sale and added to the 200 Indexers on the Graph test net and 2000 curators with the Graph Curator program.
