GraphLinq Chain is a 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]

Overview

The GraphLinq ecosystem consists of two primary components:

1. GraphLinq Chain: A Proof-of-Authority (PoA) blockchain designed to support the GraphLinq Protocol and provide a secure, scalable platform for running automations. ^[2]
2. 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:
   1. GraphLinq IDE (Integrated Development Environment): A visual, drag-and-drop interface for creating automations.
   2. GraphLinq App: A user-friendly platform for accessing and deploying pre-made automation templates.
   3. GraphLinq Engine: The core component that executes automations on the GraphLinq Chain.
   4. GraphLinq Marketplace: A platform for buying, selling, and trading automation templates. ^[2]

Funding & Partnerships

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]

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]

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]

Use Cases

1. Automated Trading: Users can create trading bots and strategies without coding, leveraging real-time data from various sources.
2. DeFi Automation: Automate interactions with decentralized finance protocols, such as yield farming, liquidity provision, and token swaps.
3. NFT Management: Create automation for minting, trading, and managing non-fungible tokens across different platforms.
4. Social Media Integration: Build bots that interact with social media platforms based on blockchain events or data.
5. Cross-Chain Operations: Automate processes that involve multiple blockchain networks, such as token bridging or multi-chain yield optimization.
6. 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]

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
• 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]