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The Graph Announces Its Multi-Chain Incentivized Program

Twitter icon  •  Published 1 год назад  •  Hassan Maishera

The Graph announced on Thursday that it had launched its multi-chain incentivized program.

The Graph announced on Thursday that it had launched its multi-chain incentivized program. The program is for Migration Infrastructure Providers (MIPs). The Graph said the MIPs program bootstraps Indexers to add support for new chains on the decentralized network, enabling migration of multi-chain subgraphs.

Furthermore, the MIPs program has allocated 0.75% of the GRT supply (50M GRT), with 0.5% to reward Indexers who contribute to bootstrapping the network and 0.25% allocated to migration grants for subgraph developers using multi-chain subgraphs.

The Graph is an indexing protocol for decentralized applications that allows developers to efficiently access blockchain data. Developers can build subgraphs that define how to ingest, index, and serve blockchain data in a verifiable way.

GRT, the native token of The Graph Network, is down by more than 4% in the last 24 hours and is currently trading at $0.1122.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.