The Graph: Why GRT Cannot Be Ignored?

GRT Tokenomics GRT is an ERC20 token with an initial supply of 10 billion. It has an inflation rate of 3% per year, which is used to pay indexing rewards to indexers. That said 1% of all query fees, go towards burning GRT. The withdrawal tax charge to curators is also burned and the same goes for any unclaimed rewards from the rebate pool distributed to network participants. This means the GRT could technically become deflationary, if there are enough query requests on the Graph Explorer. Of GRT’s initial supply of 10 billion, only 4% were sold during the Graphs ICO which took place in October, 2020. This saw 400 million GRT sold for 3 cents each raking in 12 million USD. January 17th, 2021. Coinmarket Cap, Rank #55, Marketcap 532M USD, Price 0,43 USDIt's worth noting that each individual investor in this ICO had an investment cap of $5,000. Taking a quick glance at the price chart. We can see that those who participated in the ICO have made a comfy 20x profit on their investment and are also able to trade the token on very liquid markets and Coinbase, Binance and a whole slew of other reputable exchanges. Some exchanges, listing GRT pairs.Prior to the ICO, 200 million GRT had been sold to indexes and active community members for 2.6 cents each, raising another 5,2 million dollars. The graph also received another 7,5 half million dollars from various investors since its foundation, including Coinbase Ventures. These entities received roughly 34% of GRTs initial supply, which is 3.4 billion GRT. In total, the Graph has raised roughly 25 million dollars to date. The remaining amount of GRT initial supply has been allocated as follows. 23% early team members and advisors of the project, 8% to Edge and node, which is the new name of Graph Protocol Incorporated the company that developed the Graph. And the last 29% being allocated to various community incentives. Primarily the Graph Foundation. More on that in a moment. All tokens save for those soldiering the Ico are subject to various unlock schedules that last anywhere from 6 months to 10 years. As you can see in this image here is seems like most of this vesting is set to occur over the next two years. With the total amount of GRT tokens in circulation set to triple in just 6 months. Now to be blunt, this is probably the second-worst token emission schedule in recent memory. The worst being the emission scheduled for SOLANA's SOL token. A 300% increase in supply in just 6 months is quite frankly outrageous. Even with the rising demand coming with this current Bull Run. I think it's going to be very hard for GRT to see any serious price action with this tsunami of sublime, however, circulating supply isn't the only thing that will impact the GRT tokens future price. What the graph plans to do in the coming months and years will also play a role. SOLANA (SOL) Token Releasing Schedule