GridCoin (GRC) Trading Down 6.6% Over Last Week

GridCoin (CURRENCY:GRC) traded down 10.4% against the dollar during the one day period ending at 9:00 AM Eastern on January 19th. One GridCoin coin can now be bought for about $0.0587 or 0.00000705 BTC on exchanges including OpenLedger DEX, C-CEX, Poloniex and Bittrex. GridCoin has a market cap of $22.92 million and approximately $49,463.00 worth of GridCoin was traded on exchanges in the last day. In the last seven days, GridCoin has traded down 6.6% against the dollar.

About GridCoin

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. The Reddit community for GridCoin is /r/gridcoin and the currency’s Github account can be viewed here. GridCoin’s official website is www.gridcoin.us. GridCoin’s official Twitter account is @GridcoinNetwork and its Facebook page is accessible here. The official message board for GridCoin 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 these cryptocurrency exchanges: C-CEX, OpenLedger DEX, Bittrex and Poloniex. 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 Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy GridCoin using one of the exchanges listed above.

Receive News & Ratings for GridCoin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GridCoin and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply