GridCoin Hits Market Capitalization of $16.44 Million (GRC)

GridCoin (CURRENCY:GRC) traded 17.7% lower against the U.S. dollar during the 24 hour period ending at 22:00 PM ET on March 14th. One GridCoin coin can now be bought for $0.0421 or 0.00000531 BTC on cryptocurrency exchanges including Poloniex, C-CEX, Bittrex and OpenLedger DEX. During the last week, GridCoin has traded 25.5% lower against the U.S. dollar. GridCoin has a market capitalization of $16.44 million and approximately $55,567.00 worth of GridCoin was traded on exchanges in the last 24 hours.

GridCoin Coin Profile

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. GridCoin’s official website is GridCoin’s official Twitter account is @GridcoinNetwork and its Facebook page is accessible here. The official message board for GridCoin is The Reddit community for GridCoin is /r/gridcoin and the currency’s Github account can be viewed 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 the following cryptocurrency exchanges: C-CEX, OpenLedger DEX, Poloniex and Bittrex. It is not possible to purchase GridCoin directly using US dollars. Investors seeking to trade GridCoin must first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase GridCoin using one of the exchanges listed above.

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