The Graph (GRT) is an open-source software that revolutionizes the way data is collected, processed, and retrieved from blockchain applications. Initially developed for the Ethereum Blockchain, The Graph serves as a crucial tool that enables developers to efficiently access relevant blockchain data and enhance the performance of decentralized applications (dApps). In this article, you can find answers to two frequently asked questions: What is The Graph (GRT) and how to buy The Graph (GRT) with TRY.
What is The Graph (GRT)?
The Graph is a decentralized protocol designed to facilitate data collection and retrieval from blockchain networks, focusing on improving the efficiency of dApps. By analyzing and indexing blockchain data into specialized data structures known as Sub Graphs, The Graph allows developers to query this data quickly and seamlessly, thereby enhancing the functionality of their applications.
At the core of The Graph’s functionality are Graph Nodes, which continuously scan blockchain networks and smart contracts for relevant data. When new data is added to the blockchain via smart contracts, Graph Nodes update the corresponding Sub Graphs with this information, ensuring that the data remains organized and easily accessible.
The Graph ecosystem consists of three main user roles: Curators, Indexers, and Delegators. Curators evaluate the quality of Sub Graphs and allocate GRT coins to support those they believe in. Indexers run Graph Nodes by providing indexing and query services for selected Sub Graphs and staking GRT coins to perform these tasks. Delegators contribute to the network by delegating GRT coins to Indexers without running a Graph Node themselves.
All users in The Graph ecosystem have the opportunity to earn rewards for their contributions. Curators, Indexers, and Delegators receive a portion of the network fees based on their roles and contributions, thereby encouraging active participation and ensuring the integrity and efficiency of The Graph network.
Popular Ethereum dApps such as Aave, Curve, and Uniswap use The Graph to access and retrieve relevant data from blockchain networks. For instance, Decentraland leverages The Graph’s data to populate its marketplace with land, accessories, and collection information from various applications, providing users with a centralized platform to purchase these items.
How to Buy The Graph (GRT) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy The Graph (GRT). On Binance TR, where accounts can be created quickly, more than 100 cryptocurrencies, including GRT, can be bought and sold. Follow these steps to purchase The Graph (GRT) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. Go to trbinance.com and continue from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, an email/sms verification will be performed to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be performed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or through the official Binance TR website. Note that you will need your mobile phone for identity verification on the website as well.
On the Binance TR website, hover over the “Profile” option in the top right corner, click on “Identity Verification and Limits” from the drop-down menu, and then click “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click “Copy URL” to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap “Identity” to continue.
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you best.
After selecting the document type, tap “Upload Front” to continue. After taking a photo of the front side of the document according to the selected document type, tap “Upload Back” and take a photo of the back side of the document and upload it. Make sure the images are clear and the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then tap “Selfie” to continue. At this point, your phone’s front camera will open, and you will need to scan your face. After the camera opens, make sure your face fills the camera area as much as possible.
After completing all these steps accurately and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. From other banks, you can make deposits up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to the “Wallet” option in the top left corner of the homepage at trbinance.com and click “Deposit” from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank does not yet have Binance TR integration, you should continue by clicking the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is use the information shown on the bank’s page to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy GRT Coin with TL on Binance TR?
After the deposit process, you can proceed to the step of purchasing GRT coin with TL by clicking the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking this option, the page below will open. You can go to the GRT/TRY purchase page by typing “GRT” in the search section on the right side of this page and clicking on the GRT/TRY option from the results.
Now the GRT trading page will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy GRT in the first box and the number of GRT you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy GRT” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functionalities through Binance TR.
