What platform allows you to automate every single blockchain-centred process at an affordable gas fee? GraphLinq protocol! This platform was introduced when the blockchain and smart contract world was increasingly becoming more complex.
For instance, for a user to enjoy the services of autonomous platforms like trading and mining bots, they need to do a lot of coding. Moreover, these platforms are centred on specific or single automation and charge very high costs for their services. Generally, this complexity makes it hard to tread in the crypto world.
However, GraphLinq protocol is on a mission to help in providing a better solution for its users. What exactly is GraphLinq? How does it work? Keep reading to understand the technology and features of the GraphLinq network.
GraphLinq in a Nutshell
Graphlinq set up shop in 2021 as a platform that enables users to bridge blockchain networks and blockchain activities without any coding skills.
The project team aims to provide users with a developer's experience and make the processes relatively easy. Graphlinq monitors blockchain and Defi data, automates it, then helps users execute them in multiple chains, including Ethereum and Binance Smart Chain.
Crypto enthusiasts can use live Graphlinq plugins to copy DEX and CEX data and monitor Uniswap and Binance platforms among others. Moreover, using this platform, users can automate any blockchain-based project.
The Technology Behind GraphLinq
Currently, Graphlinq is built on top of the Ethereum blockchain by leveraging Ethereum smart contracts. Already, the platform will prove highly efficient because of the Ethereum blockchain's long-term reliability.
However, according to the developers, by the end of 2021, GraphLinq will introduce its proof of stake chain to bolster efficiency and convenience.
Graphlinq works with engine and IDE tools capable of interacting with each other and multiple blockchains apart from the blockchain base. An engine is a software capable of creating and executing Graphlinq graphs.
The engine is designed with two layers; a test net, and the main net.
- Testnet- primarily used for testing graphs
- Mainnet- more comprehensive platform that allows users to run graphs at a small gas fee
The engine uses a C# language thus can execute and interact with chains at a fast speed.
Graphlinq also has multiple template graphs that a developer can use in creating their graphs. There is a 'drag and drop plugin' allowing the user to utilize the templates provided easily.
The GLQ Token
GraphLinq introduces its native ERC-20 token, GLQ. The purpose of the token is to secure the network by helping in the following areas;
- Payment of Gas- GLQ will be the main currency for payment of services like graph execution.
- Marketplace- Graphlinq will use the token in purchasing graph templates within the Graphlinq ecosystem.
- Staking- Users will have the freedom of staking GLQ tokens and earning passive income with excellent APYs.
- Governance- By the end of 2021, Graphlinq will introduce a DAO governance system leveraging GLQ. Therefore, GLQ token holders will participate in making decisions about the platform's future.
To ensure the token maintains long-term viability, GraphLinq will burn the tokens used for GAS payment. Therefore, there will be a perpetual reduction of the coins in circulation, translating to deflationary GLQ tokens.
GraphLinq just recently introduced a new excellent way for users to increase their incomes vastly, GLQ staking. This staking option provides excellent rewards for the users, with the APY hitting about 50%. However, the allocation of the rewards relies on the choice of tier. Here are the tiers and the benefits involved;
- The initial 15% of the people staking will fit into tier 1, where they earn 50% APY.
- The next group of 40% of stakers will go to tier 2, where they will enjoy a 25% APY
- All the other stakers will go into the third tier, where they will earn APY worth 12.5%
Features of the GraphLinq Network
This platform makes the user's journey ultimately easy. A new user can choose to leverage available templates in the platform to start their journey. Moreover, it's possible to leverage the online IDE to create custom graphs.
The system is highly autonomous, thus leaving you with ample time to focus on other vital issues of the day. For instance, you can choose multiple events and leave the graphs running the services autonomously.
Once you use the Graphlinq platform, you can easily monitor your graphs' real-time analysis on the platform's interface. Moreover, it's possible to check your personal information on the interface, making your work ultimately easy.
Top Database Security
The main net helps a user follow through with all of the database information. Moreover, they can leverage the platform's secure data storage to ensure that personal data remains private.
The platform can easily integrate with other servers. Leveraging it helps a user store, monitor, and access data from their graphs and centralized servers. Due to its integration, the platform will be providing highly advanced services.
Although the Crypto world introduces automation services, they come with massive gas fees, thus unfavourable for users. Graphlinq is pioneering a platform that helps users automate services at favourable charges. Even more interesting is the idea of automation without coding, thus attracting investors of all calibres.
The technology deployed by this platform is state of the art, leveraging blockchain and unique coding language. Another vital aspect of the Graphlinq network is the GLQ token. This token will help secure the network while assisting holders in earning passive income through staking. The recently introduced staking option allows users to earn up to 50% as APY. GraphLinq’s website is currently operational and is created with utter user-friendliness and reliability. Visit the page and enjoy the staking and other services provided.
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