The revolutionary open-source software known as The Graph (GRT) has completely transformed the way blockchain applications collect, process, and retrieve data. Originally developed for the Ethereum Blockchain, The Graph serves as a vital tool that allows developers to efficiently access relevant blockchain data and enhance the performance of decentralized applications (dApps). In this comprehensive article, we will explore two commonly asked questions: What is The Graph (GRT) and how can one purchase The Graph (GRT) with TRY.
Table of Contents
1. What is The Graph (GRT)?
2. How to Buy The Graph (GRT) with TRY?
3. How to Open an Account on Binance TR?
4. How to Verify an Account on Binance TR?
5. How to Deposit TL on Binance TR?
6. How to Buy GRT Coin with TL on Binance TR?
7. What is Binance TR?
8. What is The Graph (GRT)?
What is The Graph (GRT)?
The Graph is a decentralized protocol designed to revolutionize the collection and retrieval of data from blockchain networks, with a focus on improving the efficiency of dApps. By analyzing and indexing blockchain data into specialized data structures called Sub Graphs, The Graph enables developers to quickly and seamlessly query this data, thereby enhancing the functionality of their applications. Stay up to date with the latest technology news via NEWSLINKER.
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 through 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 stake 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 within 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.
Prominent Ethereum dApps such as Aave, Curve, and Uniswap utilize The Graph to access and retrieve relevant data from blockchain networks. For example, 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?
For investors in Turkey looking to purchase The Graph (GRT), Binance TR is the most suitable cryptocurrency exchange. Binance TR offers a quick account creation process and supports the buying and selling of over 100 cryptocurrencies, including GRT. 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 a straightforward process. Visit trbinance.com and proceed to the “Create Account” step. In the first step of creating an account, you will be required to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information accurately and completely, an email/sms verification will be conducted to confirm the provided details. Once this process is completed, you will move on to the second step, which is identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is a necessary security procedure that must be completed before engaging in cryptocurrency trading and during the account creation process. This verification process ensures the safety of both the user and the cryptocurrency exchange. You can perform the verification process using your phone or through the official Binance TR website. Please 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 using your phone’s camera and continue the process on your phone. If you are unable to scan the QR code, click “Copy URL” to have the identity verification address sent to your phone via SMS.
Once you enter the address on your phone or scan the QR code, a screen similar to the one below will appear on your phone. From here, tap “Identity” to proceed.
Next, a screen like the one below will appear. To continue the verification process, first select the document type that best suits you.
After selecting the document type, tap “Upload Front” to proceed. Take a photo of the front side of the document according to the selected document type, then tap “Upload Back” and take a photo of the back side of the document and upload it. Ensure that the images are clear and that the information on the ID card or driver’s license is easily readable.
Next, tap “Selfie” to continue. Your phone’s front camera will open, and you will need to scan your face. Once the camera is open, ensure that your face fills the camera area as much as possible.
After accurately and completely completing all these steps, 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. For other banks, you can make deposits up to 50,000 TL 24/7 using FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, go to the “Wallet” option in the top left corner of the homepage at trbinance.com and click “Deposit” from the drop-down menu.
A page similar to the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, click the “Other Banks” option to proceed.
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 to which you can make a transfer, EFT, or FAST transfer. Use the information provided on the bank’s page to transfer the desired amount into your Binance TR account via transfer, EFT, or FAST.
Once 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 completing the deposit process, you can proceed to purchase 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. To access the GRT/TRY purchase page, type “GRT” in the search section on the right side of the page and click on the GRT/TRY option from the results.
Now, the GRT trading page will open. In the area marked with a red box on this page, enter the price at which you wish to buy GRT in the first box and the quantity of GRT you want to purchase in the second box. Once you have entered the desired amount, click the “Buy GRT” button to complete your purchase.
What is Binance TR?
Binance TR is the official platform launched by Binance, the world’s largest cryptocurrency exchange by trading volume, specifically for cryptocurrency investors in Turkey in 2020. Headquartered in Istanbul, this cryptocurrency exchange can be accessed at trbinance.com.
By leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure, Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can easily 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.
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Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry inherent risks. Therefore, conducting thorough research is crucial.
