The Graph Foundation announced a successful public sale of GRT, The Graph’s native token, selling $12M to the community. During the sale, 4% of the total token supply (400M tokens) was allocated to over 4,500 individuals outside the U.S. who successfully passed KYC compliance, from more than 90 countries. Wide distribution of the GRT token was a primary goal of the sale.
The GRT sale accomplished this goal with significant representation from Russia, Vietnam, China, India and Great Britain, with participation from 99 countries in total.
To date, over 3,000 subgraphs have been deployed by thousands of developers for applications, such as Uniswap, Synthetix, Aragon, Gnosis, Balancer, Livepeer, DAOstack, AAVE, Decentraland, and many others. Prior to The Graph Sale, The Graph raised $12.7M over the last three years to fund The Graph Network development.
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