Graph Blockchain (CSE: GBLC) issued a really transient press launch this morning, revealing the ultimate various cryptocurrency that it has elected to put funds into. The announcement follows prior information that the agency had allotted a further $2.0 million towards staking of coins, with the vast majority of funds being positioned into Polkadot and Cardano.
Now, the ultimate portion of that $2.0 million determine has been allotted by the corporate, with Graph revealing this morning that the funds have been positioned into Chainlink, often known as LINK. Much like its different altcoin investments, this funding was executed for the aim of staking to allow extra environment friendly crypto mining.
A complete of $500,000 was positioned into the digital forex. Additional particulars are reportedly to be launched because the undertaking progresses.
“We’re very excited to be deploying funds into our third token buy. We really feel strongly that Hyperlink will admire in worth given it has a considerable market cap of over USD $13B, a hard and fast provide, and is presumably a very powerful piece of infrastructure within the blockchain ecosystem. Graph understands firsthand how invaluable bridging onchain and offchain knowledge sources is to sensible contracts and Chainlink is the perfect resolution available on the market.”
Paul Haber, CEO of Graph Blockchain
Graph Blockchain final traded at $0.155 on the CSE.
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