GridCoin (GRC) Reaches Market Capitalization of $18.61 Million

GridCoin (CURRENCY:GRC) traded down 11.3% against the dollar during the 24-hour period ending at 16:00 PM Eastern on March 12th. One GridCoin coin can currently be bought for about $0.0477 or 0.00000535 BTC on exchanges including C-CEX, OpenLedger DEX, Poloniex and Bittrex. During the last seven days, GridCoin has traded 31.8% lower against the dollar. GridCoin has a total market cap of $18.61 million and $22,570.00 worth of GridCoin was traded on exchanges in the last 24 hours.

GridCoin Profile

GridCoin (CURRENCY:GRC) is a DPoR coin that uses the ProofofResearch hashing algorithm. It launched on November 3rd, 2013. GridCoin’s total supply is 390,312,753 coins. The official website for GridCoin is 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 message board for GridCoin is

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

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