GLQ Token Burning Calculator
How GLQ Token Burning Works
Every time you run a workflow on Graphlinq Chain, a small amount of GLQ is burned (permanently removed from circulation). This deflationary mechanism means that as platform usage grows, the supply of GLQ decreases.
Based on community usage patterns, we estimate that each workflow burns approximately 0.00001 GLQ.
Calculate Your Token Burn
Current GLQ Supply
Total Supply: 650 million GLQ
Circulating Supply: 340 million GLQ (as of October 2023)
Daily Volume: ~300K GLQ (low liquidity)
Note: This calculator uses the estimated burn rate of 0.00001 GLQ per workflow. Actual burn rates may vary based on workflow complexity and network conditions.
Graphlinq Chain isn’t just another crypto coin. It’s a platform built to let anyone automate blockchain tasks without writing a single line of code. If you’ve ever wanted to set up automatic crypto trades, get notified when a wallet receives funds, or trigger a payment when a condition is met-without learning Solidity or Python-then GLQ is designed for you. It’s not for traders looking to flip coins overnight. It’s for people who want to make blockchain work for them, without becoming developers.
What Exactly Is GLQ?
GLQ is the native token of Graphlinq Chain, a blockchain ecosystem launched in 2021. Unlike Bitcoin or Ethereum, which are mostly about sending value or running smart contracts, Graphlinq Chain focuses on automation. Think of it like IFTTT (If This Then That) for Web3. You drag and drop blocks-like "Wait for ETH price to drop below $3,000" or "Send 0.1 GLQ to wallet X when token Y is traded"-and the platform runs it for you. No coding. No terminal. Just point, click, and go.
The GLQ token powers all of this. You need GLQ to execute workflows. Every time your automation runs, a small amount of GLQ is burned-permanently removed from circulation. That’s the deflationary part. Less supply over time, if usage grows, could mean more value. But it’s not a guarantee. The token also lets holders vote on future upgrades, giving them a say in where the platform heads.
How Does Graphlinq Chain Work?
The magic is in the GraphLinq IDE-the visual workspace where you build your automations. It’s like Lego for blockchain. You pick from over 300 pre-built blocks: data fetchers, timers, wallet triggers, token swaps, AI-based condition checks. You connect them with lines. When you hit "Run," the system translates your visual design into on-chain actions.
For example:
- You set up a block that checks the price of Bitcoin every hour.
- If it rises above $70,000, it automatically buys 0.05 ETH.
- Then it sends a Telegram notification saying "ETH bought."
All of that happens without you touching a keyboard. You don’t need to know how smart contracts work. You don’t need to worry about gas fees or network congestion. Graphlinq Chain handles it.
The platform runs on its own Layer 1 blockchain-GraphLinq Chain-which is EVM-compatible. That means it can talk to Ethereum, BSC, Polygon, and other chains that use the same technical language. It’s built on AWS and Kubernetes, giving it 99.99% uptime, according to KuCoin’s 2024 analysis. That’s better than most exchanges.
GLQ Tokenomics: Supply, Burning, and Staking
There are 650 million GLQ tokens total. As of October 2023, about 340 million are in circulation. That leaves 310 million still to be released over time, mostly through staking rewards and ecosystem incentives.
The burning mechanism is key. Every time someone uses the platform to run a workflow, GLQ is destroyed. That’s not a marketing gimmick-it’s baked into the protocol. If 10,000 people run 100 automations a day, that’s 1 million GLQ burned daily. Over months and years, that adds up.
Staking GLQ gives you around 8.5% APY (as of September 2024). You lock your tokens for a period and earn more GLQ in return. It’s not high compared to some DeFi projects, but it’s steady. And since the token is used for platform access, staking isn’t just about yield-it’s about supporting the network you rely on.
Market price has been volatile. GLQ hit an all-time high of $0.20 in early 2022. By late 2024, it was trading around $0.0138. That’s a long way down. But volume is low-around $300K daily. That’s tiny next to giants like Chainlink ($330M daily). So while the tech is real, liquidity and market recognition are still weak.
Who Is Graphlinq For?
It’s not for crypto whales. It’s not for institutional traders. It’s for:
- Beginners who want to automate crypto without learning code
- Small creators who run bots for NFT drops or token airdrops
- Content creators who want to auto-donate a portion of earnings to a charity wallet
- People who track DeFi yields and want alerts when their APY drops
Reddit users like u/BlockchainNewbie say: "Finally something I can use without knowing Solidity." That’s the core appeal. You don’t need a computer science degree. You just need a browser.
But if you’re a developer who wants full control over your smart contracts, Graphlinq will feel limiting. GitHub issues from August 2024 show complaints about lack of customization. You can’t write your own logic-only use the blocks they provide. That’s the trade-off: simplicity over power.
How Does It Compare to Chainlink or Band Protocol?
Chainlink and Band Protocol are oracle networks. They give smart contracts access to real-world data-like stock prices, weather, or sports scores. They’re tools for developers building complex DeFi apps.
Graphlinq is different. It’s not about data feeds. It’s about automation. You’re not connecting your contract to a price feed-you’re telling the system to buy ETH when that price feed hits a certain number. Chainlink gives you the sensor. Graphlinq gives you the robot that acts on it.
Market cap tells the story: Chainlink is worth over $7 billion. Graphlinq is around $7.5 million. That’s 1,000 times smaller. But they’re not competing directly. Graphlinq is carving out a niche: no-code Web3 automation. It’s the only platform doing this at scale.
What’s Next for Graphlinq Chain?
The platform isn’t standing still. In February 2024, they launched GraphLinq Hub-a full DeFi suite with staking, liquidity pools, and token swapping. That turned GLQ from a utility token into a DeFi asset too.
In March 2024, DWF Labs-a well-known Web3 market maker-invested in the project. They didn’t say how much, but their involvement signals professional confidence. They’ve backed other projects like Arbitrum and Solana.
The roadmap for 2024-2025 includes:
- Expanding cross-chain bridges to support more networks
- Launching a mobile app for on-the-go automation
- Adding enterprise API access for small businesses
If those happen, GLQ could see wider adoption. Right now, active users are around 15,000 per month. That’s small, but growing. Delphi Digital estimates a 60% chance Graphlinq survives beyond three years-if user growth hits 20% quarterly. That’s ambitious, but not impossible.
Is GLQ a Good Investment?
That depends on what you’re looking for.
If you want a coin that will double next month because of hype-probably not. GLQ doesn’t have the trading volume, media attention, or community size for that kind of move.
If you believe in the idea that blockchain automation should be accessible to everyone-and you think the no-code space will grow-then GLQ is one of the few tokens tied directly to that vision. It’s a bet on adoption, not speculation.
Right now, it’s a niche product with a small market. But niche products can become mainstream. Look at Ethereum in 2016. No one thought a platform for smart contracts would be worth $200 billion. Graphlinq isn’t Ethereum. But it’s trying to do something just as important: make blockchain usable for people who aren’t coders.
Final Thoughts
Graphlinq Chain (GLQ) isn’t flashy. It doesn’t have celebrity endorsements or viral memes. But it solves a real problem: the barrier to entry in Web3. Most platforms assume you’re technical. Graphlinq assumes you’re not. And that’s rare.
It’s not perfect. The interface can be clunky. Documentation is thin for advanced features. And the price is low because few people are trading it. But if you’ve ever felt lost trying to automate crypto tasks, this is the closest thing to a lifeline.
Try it. Build a simple automation. Use $1 worth of GLQ. See if it works. If it does, you’ve just done something most crypto users can’t: you’ve made blockchain serve your life-not the other way around.
Is GLQ coin a scam?
No, GLQ is not a scam. The project has a public team (Fredrick Marinho and Nicolas Martins), a published whitepaper from 2021, and a working platform. The GraphLinq IDE is live, and users can create real automations. There’s also a verified investment from DWF Labs, a reputable Web3 firm. However, like all small-cap cryptos, it carries high risk due to low liquidity and limited adoption. Always do your own research before investing.
Can I stake GLQ tokens?
Yes, you can stake GLQ through the GraphLinq Hub. Staking rewards currently offer around 8.5% APY, though this can change based on network participation. Staking helps secure the network and gives you voting rights on future upgrades. Rewards are paid in GLQ tokens and are automatically compounded.
Where can I buy GLQ?
GLQ is available on several mid-sized exchanges, including KuCoin, Bitget, and Gate.io. It is not listed on major platforms like Binance or Coinbase. Always use a reputable exchange and never send GLQ from an exchange wallet to a personal wallet unless you know how to handle ERC-20 and native chain transfers correctly.
Does GLQ work on mobile?
As of late 2024, Graphlinq Chain only has a web-based interface. However, the official roadmap includes a mobile app for 2025. Until then, you can access the platform through your phone’s browser, but the experience is optimized for desktop. Keep an eye on their official announcements for mobile updates.
What’s the difference between GLQ and LINK?
LINK is a token for Chainlink, which provides real-world data (like stock prices or weather) to smart contracts. GLQ is for Graphlinq Chain, which lets you build automation workflows without code. Chainlink gives you information. Graphlinq takes action based on that information. They’re complementary, not competitors.
How do I start using Graphlinq Chain?
Go to graphlinq.io, connect your wallet (MetaMask or WalletConnect), and click "Create Workflow." The interface walks you through the first automation step-by-step. You can build a basic task-like sending a notification when your wallet balance changes-in under 15 minutes. Start small. Learn by doing.
Next Steps
If you’re new to GLQ, start with one simple automation. Try this:
- Get 1 GLQ from a faucet or exchange.
- Connect your wallet to graphlinq.io.
- Create a workflow: "If ETH price > $3,500, send me a Telegram message."
- Run it. See if you get the alert.
If it works, you’ve just used blockchain automation without writing code. That’s the point. Don’t wait for the price to go up. Wait until the platform works for you.
