GraphLinq
GraphLinq Chain is a layer-1 blockchain ecosystem and development platform that enables automated, no-code creation of decentralized applications (dApps) and blockchain processes. Launched in 2021, the GraphLinq ecosystem also uses its blockchain network and engine to run its design protocol. [1][2][13]
Overview
The GraphLinq ecosystem consists of two primary components:
GraphLinq Chain
A Proof-of-Authority (PoA) blockchain designed to support the GraphLinq Protocol and provide a secure, scalable platform for running automations. [2]
GraphLinq Hub
Introduced in February 2024, the GraphLinq Hub offers features for experienced traders and newbies, making their experience seamless and more rewarding. Features include: supplying liquidity and getting LP trading fees, swapping ERC20/GraphLinq chain tokens, earning yields through farming pools, staking GLQ and getting rewards, validator page, etc. [10][11]
GraphLinq Protocol
An automated process management solution that allows users to deploy and manage various types of automation without coding skills. The protocol comprises four key elements:
- GraphLinq IDE (Integrated Development Environment): A visual, drag-and-drop interface for creating automations.
- GraphLinq App: A user-friendly platform for accessing and deploying pre-made automation templates.
- GraphLinq Engine: The core component that executes automations on the GraphLinq Chain.
- GraphLinq Marketplace: A platform for buying, selling, and trading automation templates.[2]
Funding & Partnerships
DWF Labs
In March 2024, GraphLinq secured a strategic investment from DWF Labs, the new generation Web3 investor and market maker. [8]
This collaboration marks the beginning of an exciting partnership that comes as a pivotal moment in our journey to boost DeFi adoption with hype-worthy, accessible technology. - the announcement post stated[8]
Through this partnership, DWF Labs will serve as GraphLinq’s primary liquidity provider on various CEXs and DEXs, as well as provide support for OTC trading. [8]
This support is intended to enhance the liquidity of the GLQ token, optimizing its seamless supply in the global market and delivering tangible benefits to market participants.[8]
In May 2024, GraphLinq also partnered with Mobula - a dynamic player in the crypto-data field, as part of its ongoing mission to develop a more interconnected and accessible blockchain ecosystem. [9]
Incorporating Mobula’s API into GraphLinq is a significant step forward for the GLQ Chain. This move will help analysts and businesses unlock the full potential of GLQ on-chain data. - the blogpost said[9]
OpenAI
In March 2023, GraphLinq integrated OpenAI API into its IDE, allowing users to add OpenAI to their workflows and create bots for Telegram, Twitch, and more. With the integration of OpenAI, developers can create intelligent bots that can perform various tasks, such as generating personalized messages, answering complex questions, analyzing data, etc. [17]
ThirdWeb
On March 2, 2023, GraphLinq announced its availability on ThirdWeb, a comprehensive web3 development framework. With ThirdWeb, developers can deploy smart contracts on GraphLinq Chain without writing a single line of code. [18]
Avalanche
In 2022, GraphLinq included some logical blocks in the GraphLinq IDE for Avalanche components, so users can create their first smart workflow in the GraphLinq IDE using the Avalanche components. [20]
They also did this for the KuCoin trading exchange to strengthen the integration.
These additional eight KuCoin blocks, plus the blocks added for the Avalanche partnership, means that the GraphLinq IDE has over 275 blocks available for no-code development.[20]
Polygon
In April 2021, GraphLinq partnered with Polygon to host its layer two solutions over the Polygon chain to optimize the efficiency of execution costs & the average time of transactions per second. [21]
They also integrated the Polygon chain into their Engine and IDE to create connectors, events, and live information from the chain activity to expand the audience. [21]
MultiverseX (prev. Elrond)
In July 2021, GraphLinq partnered with MultiverseX, an internet-scale blockchain for integration on the Engine, IDE, App & Analytics. [22]
“The Elrond community is one of the most engaged and supportive ones out there. We’re really excited about the opportunity of putting powerful Graphlinq tools in their hands and making it easy for them to start building themselves.” - said Frederick Marinho, GraphLinq Protocol CEO[22]
History of GraphLinq Chain
GraphLinq Chain was established in 2021 by Frederick Marinho[5], an experienced software engineer who has previously founded several projects, including the Crypto Signals Hub trading platform. Through his prior involvement in decentralized finance (DeFi) projects, Frederick recognized the need to enhance accessibility. [4]
Consequently, he decided to develop a project aimed at aiding innovators in the creation of DApps and automated crypto tools. [4]
Since 2021, the project has been led by the CEO, John Robert Bussiculo, known in space as jr00t. He founded CoinHub in 2020, and before that, served as a Full Stack DevOps at In The Rooms where he honed his skills in full-stack development and DevOps practices. [23]
Use Cases
- Automated Trading: Users can create trading bots and strategies without coding, leveraging real-time data from various sources.
- DeFi Automation: Automate interactions with decentralized finance protocols, such as yield farming, liquidity provision, and token swaps.
- NFT Management: Create automation for minting, trading, and managing non-fungible tokens across different platforms.
- Social Media Integration: Build bots that interact with social media platforms based on blockchain events or data.
- Cross-Chain Operations: Automate processes that involve multiple blockchain networks, such as token bridging or multi-chain yield optimization.
- Data Analysis and Reporting: Create automated systems for collecting, analyzing, and reporting blockchain data. [2]
Technology
GraphLinq Chain has its own proprietary blockchain and engine that runs its protocol for automated coding. From the user interface, people designing tools will simply see a set of small, self-explanatory lines of text — for example, blocks such as "get Bitcoin" or "convert to data." These blocks form the graphs that make up the entire GraphLinq system. [4]
Every block is a premade code library. As users arrange their graphs in their desired configurations, the GraphLinq Chain engine takes the code and converts it into JSON instruction opcode. These instructions can then be understood as smart contracts and code, and the system will then run them as blockchain tasks through the GraphLinq platform. [4]
Utilizing the graphs on the GraphLinq Chain system will incur transaction fees. The graphs will display estimated costs as users design them. When initiating a new project, GraphLinq Chain tokens act as fuel. Tokens are consumed to execute graphs, leading to a gradual reduction in token supply as more users embrace the GraphLinq Chain system. [4][19]
GraphLinq Intent AI LLM
Introduced in December 2023, the GraphLinq Intent AI LLM is a tool that leverages the AI to auto-generate executions with AI intents for all the blockchains available in the logical block like Solana, Polygon, Elrond, Avalanche, Ethereum, BNBChain, etc. This means the AI Intent LLM can automatically execute tasks like deploying a token on any of the chains mentioned or more complex tasks like making automated trades on any of the DEXs available on the IDE (like Uniswap, QuickSwap, Pancakeswap, etc.), powered by simple conversational prompts. [14]
GraphLinq Intent AI serves as the conduit between human language and algorithmic execution. By seamlessly integrating conversational language with an intuitive interface, it empowers users to effortlessly deploy and manage various types of automation (like the examples we described earlier) without even having to go through dragging-and-dropping or any other[14]
GLQ Tokenomics
GLQ is the native token of GraphLinq Chain. It is used for paying transaction fees and also serves as a governance token that allows token holders to vote on the future of GraphLinq Chain. It is used as a validation method for confirming blocks within the GraphLinq Chain. [4][6][7][12]
GLQ has a total supply of 666,051,255 tokens, with 650 million GLQ at its genesis block. The entire supply of GLQ is divided into four categories:
- Reserves for migrating off Ethereum: 500 million
- Ecosystem fund: 50 million
- User and staker incentives: 50 million
- Treasury: 50 million[4]
Utility
- Staking: Users can stake GLQ to earn rewards and participate in network security[15][16]
- Execution Costs: GLQ is used to pay for the computational resources required to run automations
- Governance: Token holders can participate in decision-making processes for the platform's future development. [2][12]
