The Graph (GRT) is a revolutionary open-source software that transforms the process of collecting, processing, and retrieving data from blockchain applications. Originally developed for the Ethereum Blockchain, The Graph is an essential tool that enables developers to efficiently access relevant blockchain data and enhance the performance of decentralized applications (dApps). In this article, we will provide answers to two frequently asked questions: What is The Graph (GRT) and how can you purchase The Graph (GRT) using TRY.
Table of Contents:
1. What is The Graph (GRT)?
2. How to Purchase The Graph (GRT) with TRY?
3. How to Open an Account on Binance TR?
4. How to Verify an Account on Binance TR?
5. How to Deposit TL on Binance TR?
6. How to Buy GRT Coin with TL on Binance TR?
7. What is Binance TR?
What is The Graph (GRT)?
The Graph is a decentralized protocol that revolutionizes data collection and retrieval from blockchain networks, with a focus on improving the efficiency of dApps. By analyzing and indexing blockchain data into specialized data structures called Sub Graphs, The Graph allows developers to quickly and seamlessly query this data, thereby enhancing the functionality of their applications. Stay updated with the latest technology news on NEWSLINKER.
At the heart of The Graph’s functionality are Graph Nodes, which continuously scan blockchain networks and smart contracts for relevant data. When new data is added to the blockchain through smart contracts, Graph Nodes update the corresponding Sub Graphs with this information, ensuring that the data remains organized and easily accessible.
The Graph ecosystem consists of three main user roles: Curators, Indexers, and Delegators. Curators assess the quality of Sub Graphs and allocate GRT coins to support the ones they believe in. Indexers run Graph Nodes by providing indexing and query services for selected Sub Graphs, staking GRT coins to perform these tasks. Delegators contribute to the network by delegating GRT coins to Indexers without running a Graph Node themselves.
All users in The Graph ecosystem have the opportunity to earn rewards for their contributions. Curators, Indexers, and Delegators receive a portion of the network fees based on their roles and contributions, thereby encouraging active participation and ensuring the integrity and efficiency of The Graph network.
Popular Ethereum dApps like Aave, Curve, and Uniswap leverage The Graph to access and retrieve relevant data from blockchain networks. For example, Decentraland utilizes The Graph’s data to populate its marketplace with land, accessories, and collection information from various applications, providing users with a centralized platform to purchase these items.
How to Purchase The Graph (GRT) with TRY?
Binance TR is the ideal cryptocurrency exchange for investors in Turkey who wish to purchase The Graph (GRT). On Binance TR, you can quickly create an account and buy or sell over 100 cryptocurrencies, including GRT. Follow these steps to purchase The Graph (GRT) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is a straightforward process. Visit trbinance.com and proceed with the “Create Account” step. In the first step of creating an account, you will be required to provide basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering all the requested information accurately, you will need to undergo email/sms verification to confirm your details. Once this process is completed, you will proceed to the second step, which is identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is a necessary security procedure that must be completed before engaging in cryptocurrency trading and during the account creation process. This process ensures the safety of both the user and the cryptocurrency exchange. You can perform the verification process using your phone or through the official Binance TR website. Please note that you will require your mobile phone for identity verification on the website as well.
On the Binance TR website, hover over the “Profile” option in the top right corner, click on “Identity Verification and Limits” from the drop-down menu, and then select “Verify.” After this step, you will need to scan the QR code that appears using your phone’s camera and continue the process on your phone. If you are unable to scan the QR code, click on “Copy URL” to receive the identity verification address via SMS on your phone.
Once you enter the address on your phone or scan the QR code, a screen like the one below will open. Tap on “Identity” to proceed.
Next, a screen like the one below will appear. To continue the verification process, select the document type that suits you best.
After selecting the document type, tap on “Upload Front” to proceed. Take a photo of the front side of the document according to the selected document type, and then tap on “Upload Back” to take a photo of the back side of the document and upload it. Ensure that the images are clear and the information in the photo is easily readable when capturing photos of the front and back sides of your ID card or driver’s license.
Then tap on “Selfie” to continue. Your phone’s front camera will open, and you will need to scan your face. Ensure that your face fills the camera area as much as possible.
Once you have completed all these steps accurately and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, you can make deposits up to 50,000 TL 24/7 using FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, navigate to the “Wallet” option in the top left corner of the trbinance.com homepage and click on “Deposit” from the drop-down menu.
You will then be directed to a page like the one below, where you can continue the deposit process by selecting your preferred bank. If your preferred bank is not integrated with Binance TR yet, click on the “Other Banks” option.
In this example, we will continue with Vakıfbank, but the process is the same for all other banks. When you select the Vakıfbank option, you will see an account name and IBAN address to which you can make a transfer, EFT, or FAST. Use the information displayed on the bank’s page to transfer the desired amount into your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy GRT Coin with TL on Binance TR?
After completing the deposit process, you can proceed to purchase GRT coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
Upon clicking this option, the page below will appear. To access the GRT/TRY purchase page, type “GRT” in the search section on the right side of the page and select the GRT/TRY option from the results.
Now, the GRT trading page will open. In the area marked with a red box on this page, enter the price at which you wish to buy GRT in the first box and the quantity of GRT you want to purchase in the second box. After entering the amount, click the “Buy GRT” button to complete your purchase.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, introduced its platform Binance TR specifically for cryptocurrency investors in Turkey in 2020. Headquartered in Istanbul, this cryptocurrency exchange can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services, leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functionalities through Binance TR.
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Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks, and should conduct their own research.