The Graph was launched in 2020 by its cofounders Yaniv Tal, Brandon Ramirez and Jannis Pohlmann. The project is best described as the Salesforce of crypto, allowing for the indexing and interpretation of blockchain data. As one of the first projects in this market, The Graph looks to facilitate the exchange of data between blockchains and applications seamlessly. GRT is the utility and governance token of The Graph, which is directly tied to the project’s operations. If you are wondering how to buy GRT tokens in Canada, Netcoins is a publicly-traded, fully regulated crypto trading platform. With 0% funding fees, free cash withdrawals, and live customer support service seven days a week, we make it simple for Canadians to buy GRT and other cryptocurrencies.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Why Buy GRT?
Given the complexities associated with the blockchain, The Graph presents an incredible value proposition to projects with a product that simplifies the process of analyzing and organizing data. The project has a solid reputation and processes billions of queries monthly for well-known applications such as Uniswap, CoinGecko and Synthetix. These queries analyze data such as token prices, past trade volumes, and liquidity.
As The Graph’s native utility token, GRT is the platform’s native currency. Consumers can pay for the software using GRT, while those called Delegators, Indexers, and Curators get paid in GRT in return for providing services to the network.
What Is A Query On The Graph?
A query on The Graph is the equivalent of a Google search on the blockchain and is the process of retrieving data from a particular blockchain.
What Is A Bug Bounty?
Bug Bounty is a program set up by The Graph to catch bugs in both the blockchain and software. Up to 0.5% of the total Graph Token (GRT) supply is being allocated to reward successful bounty hunters.
What Can You Do With GRT?
Several things can be done with your GRT holdings aside from holding them for the long run. In relation to The Graph, there are two main things that you can do: staking and governance.
Staking is a process that enables GRT holders to earn passive income. By transferring your holding to a Web3 wallet like Metamask, you are able to connect to Graph Explorer, which when navigating to the Indexers list allows you to delegate your holding in return for yield.
How Much GRT Can I Buy?
You don’t need to buy a lot of GRT to get started! Our minimum purchase amount is 80 GRT. Enabling anyone to gain exposure no matter how many dollars they have to invest.
Is GRT A Good Investment?
GRT is a cryptocurrency backed by a solid project, but there are additional factors to be aware of that could influence its performance as an investment into the future. Like all cryptocurrencies, GRT can be incredibly volatile and experience significant swings in price.
However, looking beyond price volatility, The Graph is aiming to solve a big problem in the cryptocurrency industry and is one of the few solutions available. That’s because navigating through blockchain data can be incredibly difficult and inefficient for companies, which is why The Graph has grown in popularity
If you want to learn more about Blockchains, Bitcoin or Ethereum, follow our educational blog!
FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy GRT in Canada.