GridCoin Market Capitalization Hits $22.93 Million (GRC)

GridCoin (CURRENCY:GRC) traded 5.6% lower against the U.S. dollar during the 1 day period ending at 17:00 PM E.T. on February 11th. GridCoin has a total market cap of $22.93 million and $48,118.00 worth of GridCoin was traded on exchanges in the last 24 hours. One GridCoin coin can now be purchased for $0.0587 or 0.00000704 BTC on major exchanges including C-CEX, Poloniex, Bittrex and OpenLedger DEX. In the last week, GridCoin has traded 2.4% lower against the U.S. dollar.

GridCoin Profile

GridCoin (CURRENCY:GRC) is a DPoR coin that uses the ProofofResearch hashing algorithm. It was first traded on November 3rd, 2013. GridCoin’s total supply is 390,312,753 coins. 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. GridCoin’s official message board is cryptocurrencytalk.com/forum/464-gridcoin-grc. GridCoin’s official website is www.gridcoin.us.

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

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