GraphLinq
press release

PRESS RELEASE. The newest utility token to offer staking to its users/holders is GraphLinq Protocol’s $GLQ. As of this article, $GLQ has 4,500+ holders according to etherscan, excluding GLQ holders on CEX like Kucoin, MXC, Gate. This is a great step for the future of the project as it will further incentivize more users to hold. Explore more about GraphLinq, its staking mechanism & steps to stake.

What Is GraphLinq?

GraphLinq – The No Code protocol for automating actions on-chain & off-chain, launched in just March 2021, has come a long way bringing users in the crypto space a never seen model of integrating blockchain automation on any blockchain-related/non-related task.

The goal of the GraphLinq protocol is to allow users to interact blockchains with any connected system as effortlessly as possible without any prior knowledge of coding.

GraphLinq ecosystem currently consists of an engine, an integrated development environment (IDE) & an app to provide automated services all while leveraging centralized/decentralized data streams, several blockchains, and more. Also, recently they partnered with Polygon Network (Previously Matic) on multiple grounds. Learn: http://docs.graphlinq.io | Build: http://ide.graphlinq.io | Instant deploy: http://app.graphlinq.io | Analytics: https://analytics.graphlinq.io/

About $GLQ Token

GLQ is the native token for the GraphLinq ecosystem built on top of Ethereum (ERC20). It is used to run a graph on the platform’s mainnet to execute different processes over the blockchain to automate tasks, triggering events, and much more. GLQ will be used as the payment method in GraphLinq Marketplace where templates will be bought and sold peer-to-peer. GLQ’s functionality & use cases will continue to diversify as the ecosystem grows, as mentioned in Graphlinq’s Documentation.

All You Need To Know About $GLQ Staking

GraphLinq has finally announced the much-awaited GLQ staking launch on the GraphLinq App, incentivizing the holders of GLQ to earn passive rewards. Upon staking, GLQ holders can earn as much as 50% APY in rewards depending on the unique tier mechanism aimed at incentivizing long-term holders.

Initially, tier rankings are allotted in a decentralized nature as following:

-> First 15% stakers of total stakers will be in Tier 1 and get 50% APY

-> Next 40% stakers will be in Tier 2 and get 25% APY

-> The rest stakers will be in Tier 3 and enjoy a 12.5% APY

The current APY is for a limited period only and would be updated in the near future.

When you stake for the first time, you’ll be in Tier 3 first and then make it onto the higher tiers by holding for longer durations, as the number of stakers increases you can end up in the first 15% or next 40% stakers, increasing your tier rank. Also, stakers/holders in the higher tiers could drop to subsequent lower tiers upon withdrawing their staked GLQ, ultimately rewarding the long-term holders.

To put it simply, the longer you hold, the more your rank is likely to get to the next tier with higher APY. At each withdrawal you will lose your tier advantages, benefitting the holders the most.

The first withdrawal decreases your APY by half (if you’re not on tier 3), and the second will take you back to the last tier with the least APY. However, claiming yielded GLQ will not affect your tier ranks or rewards.

(You can track & claim your staking rewards on the GraphLinq App’s Staking Page in real-time)

Note: The team has mentioned that the current APY of the staking rewards is for a limited time only, and it will be updated from time to time in the near future.

How Can I Buy & Stake My $GLQ in 3 Easy steps?

A step-by-step guide to putting your $GLQ to work to get upto a whopping 50% APY!

Step 1

First make sure to have some $GLQ!

If you’re still looking for a way to get $GLQ, here is how you can secure your bag:

  • Buy $GLQ on app.graphlinq.io using fiat through any of the following payment methods: SEPA, UPI, IMPS, Faster Payments Bank Transfer, credit & debit cards. For this method, you’ll need to verify your KYC and enter your ERC20 wallet address to receive GLQ.
  • Swap your ETH/ERC20 for $GLQ on Uniswap, 1inch, Metamask wallet.
  • You can also Buy $GLQ on any of these centralized exchanges (CEXs): Kucoin, MXC, Gate.io

Video Tutorial on How To Buy GLQ: https://youtu.be/_3tOZhBb9zw

Step 2

  • Connect Your ERC20 Wallet like Metamask, Coinbase Wallet, etc. to GraphLinq App by selecting your desired wallet.
  • Approve the connection by clicking on “Signâ€

Step 3

  • Go to the Staking Interface by clicking on “Stake your GLQ†on the top bar or “Staking Interface†on the sidebar.
  • Once you are on the Staking Interface, “Total Staked GLQâ€, “My Staked GLQâ€, “My Claimable Rewards†and your current Tier Ranking can be seen.
  • Within the staking interface, you can find the option to “Withdraw†your staked GLQ and an option to “Claim Rewards.â€
  • But first, you we need to stake some GLQ. To do that, enter your desired GLQ amount to stake in the “Stake Your GLQ†field. After entering the desired figure, click on “Stake now†and approve the contract on your connected wallet. Then after the approval from your wallet, click on “Stake now†again and confirm on your connected wallet in order to complete the staking process.

Video Tutorial On How To Stake GLQ: https://youtu.be/hHsVEp_zKp0

Congratulations, your GLQ has been staked successfully.


Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Concordium Debuts its Business-Oriented Blockchain Mainnet

After years of development, Concordium has unveiled its permissionless blockchain and MVP that is designed to meet the needs of enterprises by delivering transparency and governance, all with an orientation towards protecting user privacy. Identity-Centric Network to Promote Broader Business Adoption Although blockchain’s novel characteristics are not in dispute, corporate adoption of distributed ledger technology […]

Xem chi tiết: Concordium Debuts its Business-Oriented Blockchain Mainnet

Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

On the heels of the SpaceX announcement that the company accepted dogecoin as payment, an apparel store on Brooklyn’s colorful Flatbush Avenue took the jump as well into the deep, cold Doge waters. Brick-and-Mortar Is Another Brick in the Crypto Adoption Wall Crypto adoption has been widely and thoroughly discussed in the media and on […]

Xem chi tiết: Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary laws and instructions†as soon as possible so dishonorable crypto businesses are avoided. Regulation Necessary to Keep ‘Unprofessional’ […]

Xem chi tiết: Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator […]

Xem chi tiết: South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

Denmark to Revise Tax Law to Target Cryptocurrencies

The Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk of fraud and widespread filing errors involving cryptocurrencies. Denmark to Revamp Tax Law to Deal With Cryptocurrency Denmark is considering revamping its tax code in […]

Xem chi tiết: Denmark to Revise Tax Law to Target Cryptocurrencies

Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin activities at the park must cease by June 9, according to the document. Nevertheless, […]

Xem chi tiết: Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

$160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq

An asset management firm with nearly $160 billion in assets under management, Victory Capital, has announced that it is entering the cryptocurrency market. The firm has established exclusive agreements with Nasdaq and asset manager Hashdex. Asset Management Firm Entering Crypto Market Victory Capital Holdings Inc. (Nasdaq: VCTR) unveiled its plans to enter the cryptocurrency market […]

Xem chi tiết: $160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq

Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holdings Soar 170%

The Nasdaq-listed cryptocurrency exchange Coinbase has revealed record growth in its institutional business. “This year, interest from pension funds and hedge funds has skyrocketed, supported by the roll-out of crypto-ETPs as well as an increased understanding of the crypto economy,†said Coinbase. Coinbase Sees Interest From Institutional Investors Skyrocketing Cryptocurrency exchange Coinbase (Nasdaq: COIN) reportedly […]

Xem chi tiết: Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holdings Soar 170%

Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

The First DeFi & NFT Social Media Project, Torum Announces NFT Launchpad

Uganda Museum Collaborates With Software Development Firm to Create NFTs for Display on Binance Marketplace

Warren Buffett’s Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank

Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Crypto Payments App Bottlepay Is Now Available Across Europe

Elon Musk Agrees With Vitalik Buterin on Dogecoin and Ethereum Collaboration