update 16 October 2021

GraphLinq: Staking plus On and Off-Chain Blockchain Operations Automation

Blockchain technology is inarguably complex. While it has millions of users across the globe, it’s hard for non-coder users to create anything. In general, the blockchain world lacks an all-users-friendly interface where anyone can effortlessly create a cryptocurrency, execute trades on exchanges, develop bots and DEXes, and monitor the progress of smart contracts, among other functions. These capabilities were otherwise impossible without proper coding background, but the GraphLinq protocol is here to unlock the impossibility.

Understanding GraphLinq

Launched in March 2021, GraphLinq is a no-code protocol that allows blockchain enthusiasts to automate actions both on-chain and off-chain. The protocol presents an unprecedented model that integrates and automates blockchain-related and unrelated activities, allowing the effortless interaction of blockchains and connected systems.

GraphLinq Protocol’s Ecosystem

The GraphLinq ecosystem comprises tools that include an IDE and an engine that runs simultaneously with other blockchains and centralized streams of data to provide the automation service without requiring any coding skills. The automation functionality is made possible using graphs, which are sets of nodes attached.

The protocol has its native token known as the GLQ token. It is an Ethereum ERC-20 token and serves to run graphs on the GraphLinq test net or the main net to execute various processes on the blockchain with just a few nodes.

The engine forms the protocol’s core and is the software process responsible for executing graphs over the network. It’s developed and maintained into the net core 3.1, which allows for fast execution and cross-compatibility over any exploitation system. The engine deploys two separate protocol layers for testing and the production of its graphs.

Using the GraphLinq Protocol

To use the ecosystem and the engine protocol, you need a web3 compatible wallet or preferably a Metamask wallet. The wallet connects to the GraphLinq web interface to sign a unique Ethereum transaction for authentication and authorization to use the GraphLinq online interface. After signing up, the session automatically kicks off, and you need to acquire some GLQ tokens in your wallet. Then, if you have the tokens ready, deposit the amount you wish on the particular smart contract managing the cloud balance.

You can withdraw at any time by contacting GraphLinq’s API, but the amount will be short of the graph execution cost initiated on the main net engine.

Individuals can create graphs using the IDE available on the GraphLinq web application available on idegraphlinq.io or download the desktop app version. Once on the IDE, you can follow the simple process after clicking on File on the top menu.

Users can deploy and test graphs for free on the test-net but with cycle-length restrictions and limited possibilities and activities. However, the functionality is unlimited on the main net, although a user must have a balance cover-up in the engine depositor smart contract.

GraphLinq’s GLQ Token

GLQ is the symbol for GraphLinq’s native token deployed on the Ethereum blockchain. It’s the token for all transactions on GraphLinq protocol, including graph execution fees and community needs. The protocol follows a program that will ensure the continuous evolution of the token as it continues to be used in GAS fees. As a result, every GLQ used as GAS fees for a graph will get burned, thereby reducing the circulating supply of the token.

GraphLinq launched with a total circulating supply of 500,000,000 GLQ. The tokens are distributed as follows: 10% to the private presale, 40% to the public ILO presale on Unicrypt, and 27.9% to the treasury fund. Further, 10% will go to bounty rewards, 5% to the GraphLinq team, 4% to marketing, 2% to the Ethereum network, Binance Smart Chain, nodes and engine hosting, and 1.1% to the circulating staking team.

GLQ Staking Feature

The GraphLinq protocol recently launched its GLQ staking feature on the GraphLinq App. It will be pretty beneficial for the price momentum of the token as it incentivizes people to hold the token and earn a passive income. The staking rewards will go as high as 50% APY, depending on the tier. The first 15% stake of all the stakes will fall under tier one and earn 50% APY. The following 40% stake will fall under tier two, getting 25% APY, and the rest will get 12.5% APY under tier three. However, the APY will run for a short period before it gets updated.

First-time stakers will fall under tier three and then rise to the higher tiers if they hold their tokens for long. Holders can drop to the lower levels upon withdrawing their GLQ stakes.

Final Word

The GraphLinq team lives on the premise that most of the job tasks ran on mainstream cryptocurrency, and blockchain projects can automate and generate using nodes and graphs. People can listen to the data, trigger it, and save it to a safe place where they can maintain the services from an off-chain side and benefit from lower execution fees and complexity.

Under that thought, the team presents the GraphLinq protocol to enhance the communication and manipulation of blockchain data. It unlocks an effortless way of setting up a cryptocurrency pipeline and workflow and more possibilities like up to 50% APY passive income. In just two months since its launch, GraphLinq has come a long way. It is trading at $0.04668 as of this writing and is a project worth the attention.

price change

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site.

More posts

MiniFlokiADA Review – A Look at The New NFT-based Project

MiniFlokiADA is a crypto project that helps users earn passive income and NFTs from gaming and Elon Musk’s tweets. Its official launch took place on October 22, 2021. When he doesn’t influence Bitcoin’s ups and downs, Elon Musk unwittingly inspires countless projects to surface on the blockchain. Also, it doesn’t take much for Tesla’s CEO to trigger an avalanche of crypto projects. For instance, his latest pet friend, a Shiba Inu he calls Floki, has galvanized the community into launching…

Baby Floki Up Review – The Hyper Deflationary Pup of the Doge Family

Baby Floki Up is a hyper-deflationary token of the emerging Doge family. It’s aim is to increase investors' wealth and achieve healthy, long-term development. The Doge family is growing to the extent that not even the #DogeFather himself, Elon Musk, couldn't have anticipated. As it stands, numerous projects look to monetize the rapidly increasing fan base of everything Doge. One of these projects is Baby Floki Up, a fan-generated token, allegedly $FLOKI's younger brother. With a dynamic buyback mechanism and…

My Shiba Academia Heroes Review – Gameplay, Features, NFTs

My Shiba Academia Heroes is a collection of 25,000 playable NFTs in an upcoming MMO game on Ethereum. The collection drops in November 2021. The market for NFT-based games is rapidly emerging. Every day, new projects kick off and bring together two of the largest new-gen demographics, gamers, and NFT collectors. Above all, they provide a fun and easy initiation to the blockchain through engaging DeFi applications and flashy games. Today, we look closer at one of the latest projects…

Safechaintoken Review – Token Swaps, Staking, and NFTs

Safechaintoken ($SCT) is a hyper deflationary utility token for the forthcoming token swap platform, SafechainSwap. The project is new but advancing fast. Besides token-swapping services, Safechaintoken also aims to evolve into a DeFi ecosystem for DApps and NFTs. In this future venue, users will be able to stake their tokens and practice token farming, all at minimal costs. In this Safechaintoken review, we look closer at one of the most recent projects dealing in hyper deflationary tokens. Read on to…

Freemoon Finance Review – Features, Solutions, and Roadmap

Freemoon is a decentralized financial ecosystem looking to solve the current issues with deflationary tokens and blockchain systems. Since the decentralized finance craze of 2020, numerous projects have surfaced on the crypto scene. Some of them attracted billions of dollars and thousands of investors. Nowadays, they are thriving and spearheading the DeFi revolution. Unfortunately, not all of them followed the same course. And some turned out to be money-grabbing scams. Among them, high-yield investment programs (HYIP) seem to take the…

The Ultimate Guide to WAVES – Features, Performance, and Tokenomics

As of October 15th, 2021, we have 7.800 existing cryptocurrencies. And, while you're reading this, more of the surface on the blockchain. In addition, you can discover at least one new, promising project every 24 hours. And, today we look closer at one of these up-and-coming crypto initiatives, Waves. Read on to discover how this new crypto jumped straight to the 49th position in the market cap hierarchy. Then, find out how it works, if it’s worth the investment, and…

ART HAUS Introduces Artists in Residence – Empowering Creators with NFTs

ART HAUS recently launched a unique NFT platform to help artists monetize their creations. The new program enables creators to host an auction of their collections as non-fungible tokens. Alternatively, it provides collectors with a better chance at buying unique art pieces at cost-effective rates. ART HAUS - More Power for Artists and Creators ART HAUS is an artist residency platform that aims to enhance the impact of art and NFTs in the metaverse. Its goal is to allow creators…

How Users Earn Cryptocurrency with Instars.com

In recent times, blockchain technology continues to gain traction in almost every industry area, with digital currencies like Bitcoin and Ethereum being the most prominent in the cryptocurrency space. But, as the world evolves, so does the trend in the crypto market. Today, significantly more people are sourcing for new digital currencies that would potentially expand and appreciate. One of these leading platforms is Instars.com, a cryptocurrency that drives the Instar Blockchain. What is Instar? Instar is an innovative digital…

Axie Infinity Review – Gameplay, Rewards, and Tokenomics

Axie Infinity is a blockchain-based pet universe where anyone can trade gametime for crypto and easily redeem it for fiat. Some call it a mix between Pokémon and CryptoKitties. Others see it as the next generation’s Fortnite. And, most people play it to earn an extra buck while watching fluffy critters battle each other. Axie Infinity embodies all these concepts but promises even more for its rapidly growing userbase. For instance, it has an extensive marketplace where players can trade…

Arker Review – Gameplay, Rewards, and Tokenomics

Arker is an online multiplayer role-playing game (RPG) that enables users to earn cryptocurrencies as they play. As the blockchain revolution rages on, the crypto sphere expands to incorporate more markets with exciting applications. Among them is the rapidly emerging sector of blockchain-based online gaming. Contrary to traditional video games, these applications allow users to boost their crypto income by completing quests. Arker: the Legend of Ohm is one of the latest gaming projects to embrace this concept. The game…