GraphLinq Protocol

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Discover GraphLinq Protocol's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is GraphLinq Protocol?

GraphLinq Protocol (GLQ) is a no-code blockchain development platform that automates actions based on triggered events. It uses a visual interface to create and manage blockchain data without coding skills, making it accessible to both developers and non-developers. The native token, GLQ, is used for governance, transaction fees, and incentivizing network participants. The protocol aims to simplify blockchain integration and automation, making it easier for users to create and manage decentralized workflows.

How is GraphLinq Protocol used?

GraphLinq Protocol (GLQ) is a no-code protocol for blockchain development that automates actions on-chain and off-chain without requiring coding skills. The native token, GLQ, is used to run graphs on the platform's mainnet or testnet, executing various processes over the blockchain to automate tasks, trigger events, and more. GLQ holders have governance rights, allowing them to decide on future network advancements and vote on new block additions and pricing for the ecosystem's execution.

How do I store GraphLinq Protocol?

To store GraphLinq Protocol (GLQ) tokens, you can use various methods:

  1. MetaMask: Add the GraphLinq Chain to MetaMask by following these steps:

  2. Atomic Wallet: Use the Atomic Wallet app, which supports over 1000 coins and tokens, including GLQ. The wallet offers features like instant swaps with cashback, buying crypto with a bank card, and staking to earn interest.

  3. Kriptomat: You can also store GLQ tokens on Kriptomat, a trusted platform with over 400,000 users across Europe. After creating and verifying your account, you can add funds and purchase GLQ tokens.

These options provide secure and user-friendly ways to manage your GraphLinq Protocol tokens.

How to buy GraphLinq Protocol?

To buy GraphLinq Protocol (GLQ) tokens, follow these steps:

  1. Create an Account:

    • Sign up on a cryptocurrency exchange such as Coinbase, Binance, or Kucoin. Verify your email, phone number, and identity to unlock the full potential of the exchange platform.
  2. Add Funds:

    • Deposit fiat currency into your exchange account using methods like credit/debit cards, bank deposits, or third-party payment channels. This will allow you to purchase GLQ tokens.
  3. Choose the Exchange:

  • Select a suitable exchange that supports GLQ trading. Popular exchanges include Kucoin, Uniswap v3 (Ethereum), Gate.io, and MXC.
  1. Buy GLQ:

    • Navigate to the exchange's Buy & Sell section and choose GLQ as the cryptocurrency you want to buy. You can use different order types such as Market Order, Stop Order, Limit Order, or TWAP Order depending on your trading strategy.
  2. Transfer to Wallet:

    • Once you've purchased GLQ, you can either hold it in your exchange account or transfer it to a personal cryptocurrency wallet like Metamask for additional security and flexibility.

Remember to research the exchange's reputation, read user reviews, and compare different exchanges to find the most suitable one for your needs.

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History of GraphLinq Protocol

GraphLinq Protocol (GLQ) is the native token of the GraphLinq ecosystem, built on the Ethereum blockchain as an ERC-20 token. The GraphLinq ecosystem is designed to enable the creation and execution of decentralized workflows, known as graphs, which automate processes, trigger actions, and establish connections across different platforms without centralized intermediaries.

The GraphLinq Chain, the backbone of the ecosystem, provides a secure and scalable blockchain infrastructure for executing these decentralized workflows. It utilizes a proof-of-stake consensus mechanism to validate transactions and maintain network integrity. The chain is interoperable, allowing seamless integration with other blockchain networks and external systems.

The GraphLinq Protocol governs the creation, execution, and interactions of these decentralized workflows, ensuring seamless interoperability and compatibility across different environments. It also facilitates the integration of external data sources and APIs, enhancing the versatility and effectiveness of decentralized workflows.

GLQ tokens serve multiple functions within the ecosystem. They act as the native currency for transactions, incentivize participants, reward contributors, and facilitate transactions between users and services. Additionally, GLQ tokens play a crucial role in governance, allowing token holders to participate in decision-making processes related to protocol upgrades and network developments.

The total token supply is 1 billion, distributed through various channels including exchanges and token sales. GLQ tokens can be acquired through cryptocurrency exchanges that support its trading pairs, such as Bitcoin or Ethereum, or through fiat currencies depending on the exchange's supported trading pairs.

GraphLinq has been actively developing its ecosystem, with recent milestones including the launch of the Bridge & Swap features on a testnet, which allows users to bridge and swap ERC20 and GraphLinq Chain tokens. The platform also offers a user-friendly interface, known as the GraphLinq IDE, which enables users to create and manage their workflows efficiently.

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How GraphLinq Protocol works

The GraphLinq Protocol (GLQ) is a decentralized blockchain protocol designed to make blockchain automation accessible to everyone, regardless of technical skills. Here's how it works:

Key Components
  1. GraphLinq Engine: This is the core component that executes automation processes securely and accurately. It runs on the GraphLinq Chain, a Proof-of-Authority (POA) blockchain, ensuring scalability and security.

  2. GraphLinq Integrated Development Environment (IDE): A powerful tool that allows users to create automation through a simple drag-and-drop interface. It provides a visual representation of the automation process, making it easy to connect different nodes together to create complex automation.

  3. GraphLinq App: A user-friendly interface that allows users to access pre-made automation templates and deploy them with just a few clicks. Users can customize templates by updating variables and deploying the automation directly from the app.

  1. GraphLinq Marketplace: A platform where users can buy, sell, and trade GLQ templates and other types of automation. It provides access to a wide range of automation templates and allows users to connect with others to offer or request specific types of automation.
Automation Process

To deploy a graph, users import templates or GLQ files into the IDE tool. Then, they can run it on the network using the engine tool. This process automates off-chain and on-chain processes, allowing users to monitor and execute multi-blockchain data without coding skills.

Graph Query Language (GQL)

GraphLinq Chain operates using a unique DSL called Graph Query Language (GQL). This language enables end-users to test or create operations simply by dragging and dropping. Users can create blockchain data models or trigger smart contracts by using pre-set graph blocks.

GLQ Token

GLQ is the native token for the GraphLinq ecosystem, built on top of Ethereum (ERC20). It is used to run graphs on the platform's test net or main net, executing different processes over the blockchain to automate tasks, trigger events, and more. GLQ holders have governance rights, allowing them to decide on future GraphLinq network advancements.

Use Cases

GraphLinq aims to make blockchain genuinely accessible to all mediums of people and businesses. It can be used to set up bots, basic scripted logic, arbitrages on DEXs, or trading on CEXs. The protocol can also connect to Ethereum or BSC data feeds, making it a versatile tool for blockchain automation.

Security and Uptime

The engine infrastructure is deployed as Kubernetes pods, which run on multiple AWS servers, providing high availability and 99.99% uptime. This ensures that the automation processes are executed reliably and securely.

Overall, GraphLinq Protocol simplifies blockchain automation, making it accessible to a broader range of users and businesses.

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GraphLinq Protocol's strengths

The token GraphLinq Protocol (GLQ) has several strengths that contribute to its value and potential within the GraphLinq ecosystem:

  1. Native Currency and Governance: GLQ serves as the native cryptocurrency and governance token for the GraphLinq ecosystem. This dual role allows it to facilitate transactions and empower holders with decision-making authority over the network's future developments.

  2. Multi-Functional Utility: GLQ tokens have multiple uses within the ecosystem, including incentivizing participants, rewarding contributors, and facilitating transactions. Additionally, they enable users to access premium features and pay for transaction fees.

  3. Security and Scalability: The GraphLinq Chain, which supports the GraphLinq Protocol, is designed to be secure and scalable. This ensures that the ecosystem can handle a high volume of transactions and maintain its integrity.

  1. Interoperability: The GraphLinq Chain allows for seamless integration with other blockchain networks and external systems, expanding the possibilities for decentralized workflows and enhancing the versatility of the ecosystem.

  2. User-Friendly Interface: The GraphLinq IDE provides a visual, drag-and-drop interface that simplifies the creation of complex workflows, making it accessible to both developers and non-developers.

  3. Automated Workflows: The GraphLinq Protocol enables the creation and execution of automated workflows, known as graphs, which can trigger actions and establish connections across different platforms without centralized intermediaries.

  1. Staking and Rewards: GLQ holders can participate in staking, which enhances the security and decentralization of the GraphLinq Chain and provides additional rewards.

These strengths collectively contribute to the value and potential of the GraphLinq Protocol and its native token, GLQ.

GraphLinq Protocol's risks

GraphLinq Protocol (GLQ) carries several financial risks that investors should be aware of before investing in this cryptocurrency. Here are some key points to consider:

  1. High-Risk Investment: GLQ is considered a high-risk investment due to its significant volatility. This means that its value can fluctuate rapidly, leading to potential losses for investors.

  2. Market Demand and Adoption: The success of GLQ depends on market demand and user adoption. If the protocol fails to gain traction or faces significant competition, its value could decline.

  3. Risk Gauge Score: According to InvestorsObserver, GLQ has a moderate risk assessment, indicating that it may be susceptible to price manipulation due to limited trading activity.

  1. Price Fluctuations: GLQ's price can be affected by various market and economic factors, leading to unpredictable price movements. This volatility can result in significant losses if not managed properly.

  2. Competition from Similar Platforms: GLQ operates in a competitive space, and the emergence of similar platforms could negatively impact its value and adoption.

  3. Regulatory Uncertainty: Cryptocurrencies like GLQ are subject to evolving regulatory environments, which can impact their value and legality. Changes in regulations could have a significant impact on GLQ's financial performance.

  1. Security Risks: As with any cryptocurrency, GLQ is vulnerable to security risks such as hacking and cyber attacks. If the protocol's security is compromised, it could lead to significant financial losses for investors.

Investors should carefully evaluate these risks and conduct thorough research before deciding to invest in GraphLinq Protocol (GLQ). It is essential to understand the potential downsides and consider them in the context of your overall investment strategy.

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Did GraphLinq Protocol raise funds?

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GraphLinq Protocol’s team

  • CEO: John Robert Bussiculo
  • Co-Founder: Nicolas
  • Co-Founder: Frederick
  • HyperMarket Executive: Ibrahim Uslu
  • Team Member: Raghav Kumar Thakkar

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