GridCoin (CURRENCY:GRC) traded 8.1% lower against the dollar during the 24-hour period ending at 20:00 PM Eastern on March 17th. GridCoin has a market cap of $15.84 million and approximately $32,145.00 worth of GridCoin was traded on exchanges in the last day. One GridCoin coin can currently be bought for approximately $0.0406 or 0.00000515 BTC on major cryptocurrency exchanges including C-CEX, Bittrex, Poloniex and OpenLedger DEX. In the last seven days, GridCoin has traded down 16% against the dollar.

About GridCoin

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GridCoin (GRC) is a DPoR coin that uses the ProofofResearch hashing algorithm. Its genesis date was November 3rd, 2013. GridCoin’s total supply is 390,312,753 coins. The official website for GridCoin is GridCoin’s official Twitter account is @GridcoinNetwork and its Facebook page is accessible here. GridCoin’s official message board 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. “

Buying and Selling GridCoin

GridCoin can be purchased on these cryptocurrency exchanges: OpenLedger DEX, C-CEX, Bittrex and Poloniex. 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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