GridCoin (GRC) Achieves Market Capitalization of $29.01 Million

GridCoin (CURRENCY:GRC) traded down 1.7% against the U.S. dollar during the one day period ending at 19:00 PM ET on February 20th. GridCoin has a total market capitalization of $29.01 million and $84,324.00 worth of GridCoin was traded on exchanges in the last day. During the last seven days, GridCoin has traded 24% higher against the U.S. dollar. One GridCoin coin can now be purchased for approximately $0.0743 or 0.00000667 BTC on exchanges including Bittrex, Poloniex, OpenLedger DEX and C-CEX.

GridCoin Profile

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 message board is The Reddit community for GridCoin is /r/gridcoin and the currency’s Github account can be viewed here. GridCoin’s official Twitter account is @GridcoinNetwork and its Facebook page is accessible here. GridCoin’s official website is

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 traded on the following cryptocurrency exchanges: OpenLedger DEX, C-CEX, Poloniex and Bittrex. It is not currently possible to purchase GridCoin directly using US dollars. Investors seeking to trade GridCoin must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase GridCoin using one of the aforementioned exchanges.

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