I've read several times about GRT having a bad tokenomics, but I really don't understand why. Can someone enlighten me?
The Graph (GRT) tokenomics - why it sucks?
Falling into your wing while paragliding is called 'gift wrapping' and turns you into a dirt torpedo pic.twitter.com/oQFKsVISkI— Mental Videos (@MentalVids) March 15, 2023
The idea is to sell your 10% inflation fiat and buy a 100% inflation internet token with a market capitalization of one hundred billion dollars versus an annual revenue of $38000
It's retards parroting fud from years ago. There's nothing wrong with the tokenomics at this point beyond the need to reduce direct developer exposure to GRT, which the team is actively working on. Now that the protocol is on Layer 2 and 90% of the supply is in circulation, a lot of early "tokenomics" concerns are mitigated.
Unfortunately, it's over.
I see, "it's over" is a meme to keep anons away from buying this gem. Got it!
>normies caught on
Now that it's basically entirely unlocked, is there any fud left?
Getting mogged by Web2 SaaS, in the short term anyway. E&N seems to be aware of it and acting accordingly.
Elephant and Nugger will monopolize the indexing space like chainshit, non of these shrimp web2 indexers will survive
I've never heard of e&n lmao, and I am on biz all day. So how are they planning on beating out grt? That's weak fud
E&N (Edge and Node) is the main company building The Graph. It was formerly "Graph Protocol Inc." I think, but renamed itself when mainnet launched so GRT doesn't risk running afoul of the Howey test.
The -competitor- has never been mentioned on LULZ, probably since anons can't shill a token for profit, and I don't want to mention it and give it free publicity, but a SaaS upstart has made Graph subgraph indexing a part of their value props and is aggressively working to poach subgraph developers into their centralized solution with some success.
I think the "SaaS but decentralized" initiative implicitly happening at Edge & Node is intended to fight back against this competition.
The Graph is basically unchallenged in decentralized indexing and will probably wear the crown for all open data indexing long-term, but big short term revenue opportunities are being nibbled away at by centralized players since simplicity of use is a priority for projects among other concerns with "Graph mainnet 1.0."
Few if anyone wants to deal with GRT-based billing or subgraph signaling as part of their project development workflow.
Isn't the token distribution fucked? Like only 4% of tokens were publicly sold. The rest of the tokens went to early backers and investors and the graph team members.
16.52% is allocated to Early Backers
17.32% is allocated to Backers
23.24% is allocated to Early Team & Advisors
8.25% is allocated to Edge & Node
20.00% is allocated to Graph Foundation
6.01% is allocated to GRT Sale
3.00% is allocated to Testnet Indexer Rewards
2.99% is allocated to Curator Program Grants
2.67% is allocated to Educational Programs & Bug Bounties
What does this mean, one backer could dump on us all? Would they pull the rug out? I am not sure I am even going to get any grt now lol
Are there any other projects with similar distribution?
I bought 5,000 GRT at $1.95
>the mcdonalds of burgers