GridCoin Reaches Market Capitalization of $23.16 Million (GRC)

GridCoin (CURRENCY:GRC) traded 4.4% lower against the dollar during the 1 day period ending at 18:00 PM E.T. on February 13th. GridCoin has a total market cap of $23.16 million and approximately $24,020.00 worth of GridCoin was traded on exchanges in the last 24 hours. Over the last seven days, GridCoin has traded 16.4% higher against the dollar. One GridCoin coin can now be purchased for $0.0593 or 0.00000697 BTC on major exchanges including Poloniex, Bittrex, OpenLedger DEX and C-CEX.

GridCoin Profile

GridCoin 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. GridCoin’s official Twitter account is @GridcoinNetwork and its Facebook page is accessible here. The Reddit community for GridCoin is /r/gridcoin and the currency’s Github account can be viewed here. The official website for GridCoin is www.gridcoin.us. GridCoin’s official message board is cryptocurrencytalk.com/forum/464-gridcoin-grc.

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. “

Buying and Selling GridCoin

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

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