GridCoin (GRC) Market Cap Achieves $36.03 Million

GridCoin (CURRENCY:GRC) traded down 8.7% against the U.S. dollar during the twenty-four hour period ending at 13:00 PM E.T. on January 22nd. Over the last seven days, GridCoin has traded down 39.1% against the U.S. dollar. GridCoin has a total market cap of $36.03 million and approximately $192,789.00 worth of GridCoin was traded on exchanges in the last day. One GridCoin coin can currently be bought for $0.0923 or 0.00000865 BTC on popular cryptocurrency exchanges including Bittrex, Poloniex, C-CEX and OpenLedger DEX.

GridCoin Profile

GRC is a DPoR coin that uses the ProofofResearch hashing algorithm. Its genesis date was November 3rd, 2013. GridCoin’s total supply is 390,312,753 coins. The official message board for GridCoin is cryptocurrencytalk.com/forum/464-gridcoin-grc. The official website for GridCoin is www.gridcoin.us. The Reddit community for GridCoin is /r/gridcoin and the currency’s Github account can be viewed here. GridCoin’s official Twitter account is @GridcoinNetwork and its Facebook page is accessible here.

According to CryptoCompare, “GridCoin (GRC) is a coin with a mission – to compensate miners for participating in BOINC projects. The coin is a scrypt altcoin with difficulty retargetting every 30 minutes – a 2.5 minute block target and a hard cap of 168 million. Gridcoin introduces a Proof-of-Research algorithm that gives computers something productive to do. Instead of racing to solve meaningless equations, Gridcoin miners Researchers work on problems such as finding cures to diseases, mapping genomes, or climate studies, and are compensated for their work. Gridcoin is not limited to any one program, algorithm, or type of hardware. BOINC supports Windows, Mac OS X, Linux, and Android. “

GridCoin Coin Trading

GridCoin can be bought or sold on these cryptocurrency exchanges: Bittrex, C-CEX, OpenLedger DEX and Poloniex. It is not presently possible to purchase GridCoin directly using U.S. dollars. Investors seeking to acquire GridCoin must first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase GridCoin using one of the aforementioned exchanges.

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