GridCoin (CURRENCY:GRC) traded 5.9% lower against the US dollar during the 1-day period ending at 10:00 AM ET on March 23rd. GridCoin has a total market capitalization of $16.82 million and $17,625.00 worth of GridCoin was traded on exchanges in the last 24 hours. During the last seven days, GridCoin has traded down 2.6% against the US dollar. One GridCoin coin can now be bought for approximately $0.0431 or 0.00000516 BTC on popular cryptocurrency exchanges including Poloniex, C-CEX, OpenLedger DEX and Bittrex.

GridCoin Profile

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GridCoin is a DPoR coin that uses the ProofofResearch hashing algorithm. It launched on November 3rd, 2013. GridCoin’s total supply is 390,312,753 coins. GridCoin’s official website is www.gridcoin.us. GridCoin’s official Twitter account is @GridcoinNetwork and its Facebook page is accessible here. The Reddit community for GridCoin is /r/gridcoin and the currency’s Github account can be viewed 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 bought or sold on the following cryptocurrency exchanges: C-CEX, Poloniex, Bittrex and OpenLedger DEX. It is not currently possible to purchase GridCoin directly using U.S. dollars. Investors seeking to acquire GridCoin must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase GridCoin using one of the exchanges listed above.

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