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Price
$0.000034
10/4/2022, 7:38:05 AM
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Market

Market stats

Market cap

$117,673.69

Volume (24h)

-

Circulating supply

591.5M GRFT

All time high

$4,999.04

Price change (1h)

+0.68%

Price change (24h)

+3.56%

Price change (7d)

-1.53%

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Graft is on the decline this week.

The price of Graft has fallen by 1.53% in the past 7 days. The price increased by 3.56% in the last 24 hours. In just the past hour, the price grew by 0.68%. The current price is $0.000034 per GRFT. Graft is 100.00% below the all time high of $4,999.043481.

The current circulating supply is 591,481,833.325 GRFT.

About

What Is a Graft Token (GRFT)?

The Graft aims to be a blockchain-based payment platform with instant, worldwide payment acceptance. The acronym of GRAFT is "global, real-time, authorizations and funds transfers." According to the whitepaper, Graft aims to provide an open-sourced, decentralized, global payment gateway and processing forum that any individual can use. It implies that any trader can use the platform in a cost-effective manner without the involvement of any third-party intermediary. Since the Graft system is open, any individual can participate by maintaining the Graft blockchain and executing network services.

There are certain limitations in the existing cryptographic tokens and cryptocurrencies, even though they have enhanced confirmation times. One of the main concerns is that they are unable to conduct significant transactions such as approval and completion, making adoption by specific businesses like retail, convenience stores, and hotels unfeasible without the use of an intermediary. Other flaws of the current cryptographic payment systems include lack of significant transaction types, improper payment flows, poor scalability, unpredictable and unbalanced transaction fees, high volatility, inadequate security, and many more. Thus, Graft aims to address these problems by creating a platform that eventually enables cryptographic payments to be broadly adopted by mainstream traders while following the basic principles of crypto space, including privacy, decentralization, and independence.

One of the unique features of the Graft platform is its supernodes which seek to obtain rewards for approving transactions on the network. Thus, all the fees go to the token holders instead of the centralized unit. The supernodes all together uphold the network using combined proof-of-stake and proof-of-work algorithms.

The native token of the Graft platform is GRFT.

GRFT is employed for real-time payment authorizations, settlement among traders, and transfer of money. Service brokers such as payment processors, risk managers, exchanges, etc., require GRFT tokens as proof of stake so that they can offer services on the network. Also, users need GRFT tokens as trading currency so that they do not have to involve high network charges on various other digital items. GRFT also fuels secondary tokens such as brand tokens, merchant tokens, stable value payout tokens, etc.

History of Graft Token (GRFT)

The launch of the platform took place in 2017. The maximum total supply of GRFT tokens is 1.8 billion.

References

  1. https://www.graft.network/

  2. https://www.graft.network/frequently-asked-questions/

  3. https://www.graft.network/wp-content/uploads/2018/02/Graft-White-Paper-1.2.pdf

  4. https://www.graft.network/grft/

  5. https://www.graft.network/about/#roadmap

  6. https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain

  7. https://www.coinbase.com/learn/crypto-basics/what-is-cryptography

  8. https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency

  9. https://www.coinbase.com/learn/crypto-basics/what-is-a-token

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FAQ

What is the current price of Graft?

The price of 1 Graft currently costs $0.000034.

What is the market cap of Graft?

The current market cap of Graft is $117.67K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Graft?

The all-time high of Graft is $4,999.04. This all-time high is highest price paid for Graft since it was launched.

What is the 24 hour trading volume of Graft?

Over the last 24 hours, the trading volume of Graft is $0.00.

What other assets are similar to Graft?

Assets that have a similar market cap to Graft include Beyondfi, PolkaDomain, HEAT, and many others. To see a full list, see our comparable market cap assets.

How many Graft are there?

The current circulating supply of Graft is 591 million.

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