Graphlinq Chain

Overview

Graphlinq Chain (GLQ) is a cryptocurrency that powers the Graphlinq Protocol, a no-code automation platform for blockchain data and events. The project aims to allow users to create automated workflows and responses to blockchain events without requiring programming knowledge.

Purpose and Utility

The GLQ token serves multiple purposes within the ecosystem: It's used to pay for execution fees when running automation graphs on the protocol, for governance voting rights, and as a reward for node operators who process automation tasks.

Business Model Evaluation

The core business model revolves around providing blockchain automation services, which is inherently halal as it provides genuine utility through technology services. There is no evidence of involvement in prohibited activities like gambling, riba-based lending, or adult content.

Development and Adoption

The project maintains active development, with regular updates to their protocol and interface. While adoption remains limited, the platform is functional and being used for its intended purpose of blockchain automation.

Token Distribution

Token distribution appears reasonably balanced between development, marketing, and community incentives. There are vesting schedules in place for team allocations, indicating some protection against sudden dumps by insiders.