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description: The Graph Network is incentivized by powerful tokenomics. Here’s how GRT, The Graph’s native work utility token, works.
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description: The Graph Network wird durch leistungsstarke Tokenomics incentiviert. So funktioniert GRT, der The Graph-eigene Arbeits-Utility-Token.
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## Überblick
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## Besonderheiten
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The Graph's model is akin to a B2B2C model, but it's driven by a decentralized network where participants collaborate to provide data to end users in exchange for GRT rewards. GRT is the utility token for The Graph. It coordinates and incentivizes the interaction between data providers and consumers within the network.
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Das Modell von The Graph ähnelt einem B2B2C-Modell, wird aber von einem dezentralen Netzwerk angetrieben, in dem die Teilnehmer zusammenarbeiten, um den Endnutzern Daten im Austausch für GRT Rewards zur Verfügung zu stellen. GRT ist der Utility-Token für The Graph. Er koordiniert und fördert die Interaktion zwischen Datenanbietern und Verbrauchern innerhalb des Netzwerks.
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The Graph plays a vital role in making blockchain data more accessible and supports a marketplace for its exchange. To learn more about The Graph's pay-for-what-you-need model, check out its [free and growth plans](/subgraphs/billing/).
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The Graph spielt eine wichtige Rolle dabei, Blockchain-Daten besser zugänglich zu machen und unterstützt einen Marktplatz für deren Austausch. Wenn Sie mehr über das „Pay-for-what-you-need“-Modell von The Graph erfahren möchten, sehen Sie sich die [kostenlosen und wachstumsorientierten Pläne](/subgraphs/billing/) an.
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- GRTToken Address on Mainnet: [0xc944e90c64b2c07662a292be6244bdf05cda44a7](https://etherscan.io/token/0xc944e90c64b2c07662a292be6244bdf05cda44a7)
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- GRT-Token-Adresse im Mainnet: [0xc944e90c64b2c07662a292be6244bdf05cda44a7](https://etherscan.io/token/0xc944e90c64b2c07662a292be6244bdf05cda44a7)
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- GRTToken Address on Arbitrum One: [0x9623063377AD1B27544C965cCd7342f7EA7e88C7](https://arbiscan.io/token/0x9623063377ad1b27544c965ccd7342f7ea7e88c7)
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- GRT-Token-Adresse auf Arbitrum One: [0x9623063377AD1B27544C965cCd7342f7EA7e88C7](https://arbiscan.io/token/0x9623063377ad1b27544c965ccd7342f7ea7e88c7)
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## The Roles of Network Participants
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## Die Rollen der Netzwerkteilnehmer
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There are four primary network participants:
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Es gibt vier primäre Netzwerkteilnehmer:
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1.Delegators - Delegate GRT to Indexers & secure the network
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1.Delegatoren - Delegieren Sie GRT an Indexierer und sichern Sie das Netzwerk
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2. Curators - Find the best Subgraphs for Indexers
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3. Developers - Build & query Subgraphs
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4. Indexer - Das Rückgrat der Blockchain-Daten
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Fishermen and Arbitrators are also integral to the network's success through other contributions, supporting the work of the other primary participant roles. For more information about network roles, [read this article](https://thegraph.com/blog/the-graph-grt-token-economics/).
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Fischer und Schlichter tragen auch durch andere Beiträge zum Erfolg des Netzwerks bei und unterstützen die Arbeit der anderen Hauptbeteiligten. Weitere Informationen über die Rollen des Netzwerks finden Sie in [diesem Artikel](https://thegraph.com/blog/the-graph-grt-token-economics/).
Indexers are delegated GRT by Delegators, increasing the Indexer’s stake in Subgraphs on the network. In return, Delegators earn a percentage of all query fees and indexing rewards from the Indexer. Each Indexer sets the cut that will be rewarded to Delegators independently, creating competition among Indexers to attract Delegators. Most Indexers offer between 9-12% annually.
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For example, if a Delegator were to delegate 15k GRT to an Indexer offering 10%, the Delegator would receive ~1,500 GRT in rewards annually.
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Ein Datenbeispiel: Wenn ein Delegator 15.000 GRT an einen Indexierer delegiert, der 10 % anbietet, würde der Delegator jährlich ~ 1.500 GRT an Rewards erhalten.
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There is a 0.5% delegation tax which is burned whenever a Delegator delegates GRT on the network. If a Delegator chooses to withdraw their delegated GRT, the Delegator must wait for the 28-epoch unbonding period. Each epoch is 6,646 blocks, which means 28 epochs ends up being approximately 26 days.
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Es gibt eine Delegationssteuer von 0,5 %, die jedes Mal erhoben wird, wenn ein Delegator GRT an das Netzwerk delegiert. Wenn ein Delegator beschließt, sein delegiertes GRT zurückzuziehen, muss er die 28-Epochen-Frist abwarten, in der die Bindung aufgehoben wird. Jede Epoche besteht aus 6.646 Blöcken, was bedeutet, dass 28 Epochen ungefähr 26 Tagen entsprechen.
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If you're reading this, you're capable of becoming a Delegator right now by heading to the [network participants page](https://thegraph.com/explorer/participants/indexers), and delegating GRT to an Indexer of your choice.
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Wenn Sie dies lesen, können Sie sofort Delegator werden, indem Sie auf die [Netzwerkteilnehmerseite](https://thegraph.com/explorer/participants/indexers) gehen und GRT an einen Indexierer Ihrer Wahl delegieren.
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## Curators (Earn GRT)
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## Kuratoren (GRT verdienen)
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Curators identify high-quality Subgraphs and "curate" them (i.e., signal GRT on them) to earn curation shares, which guarantee a percentage of all future query fees generated by the Subgraph. While any independent network participant can be a Curator, typically Subgraph developers are among the first Curators for their own Subgraphs because they want to ensure their Subgraph is indexed.
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Subgraph developers are encouraged to curate their Subgraph with at least 3,000 GRT. However, this number may be impacted by network activity and community participation.
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Curators pay a 1% curation tax when they curate a new Subgraph. This curation tax is burned, decreasing the supply of GRT.
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## Developers
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## Entwickler
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Developers build and query Subgraphs to retrieve blockchain data. Since Subgraphs are open source, developers can query existing Subgraphs to load blockchain data into their dapps. Developers pay for queries they make in GRT, which is distributed to network participants.
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Once a Subgraph is [published](/subgraphs/developing/publishing/publishing-a-subgraph/) to The Graph's decentralized network, anyone can create an API key, add GRT to their billing balance, and query the Subgraph.
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Subgraphs are [queried using GraphQL](/subgraphs/querying/introduction/), and the query fees are paid for with GRT in [Subgraph Studio](https://thegraph.com/studio/). Query fees are distributed to network participants based on their contributions to the protocol.
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Subgraphen werden [mit GraphQL abgefragt](/subgraphs/querying/introduction/), und die Abfragegebühren werden mit GRT in [Subgraph Studio](https://thegraph.com/studio/) bezahlt. Die Abfragegebühren werden an die Netzwerkteilnehmer auf der Grundlage ihrer Beiträge zum Protokoll verteilt.
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1% of the query fees paid to the network are burned.
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1 % der an das Netz gezahlten Abfragegebühren werden verbrannt.
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## Indexers (Earn GRT)
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## Indexierer (GRT verdienen)
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Indexers are the backbone of The Graph. They operate independent hardware and software powering The Graph’s decentralized network. Indexers serve data to consumers based on instructions from Subgraphs.
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Indexers can earn GRT rewards in two ways:
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Indexierer können GRT-Rewards auf zwei Arten verdienen:
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1.**Query fees**: GRT paid by developers or users for Subgraph data queries. Query fees are directly distributed to Indexers according to the exponential rebate function (see GIP [here](https://forum.thegraph.com/t/gip-0051-exponential-query-fee-rebates-for-indexers/4162)).
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2.**Indexing rewards**: the 3% annual issuance is distributed to Indexers based on the number of Subgraphs they are indexing. These rewards incentivize Indexers to index Subgraphs, occasionally before the query fees begin, to accrue and submit Proofs of Indexing (POIs), verifying that they have indexed data accurately.
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Each Subgraph is allotted a portion of the total network token issuance, based on the amount of the Subgraph’s curation signal. That amount is then rewarded to Indexers based on their allocated stake on the Subgraph.
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In order to run an indexing node, Indexers must self-stake 100,000 GRT or more with the network. Indexers are incentivized to self-stake GRT in proportion to the amount of queries they serve.
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Um einen Indexierungsknoten betreiben zu können, müssen Indexierer mindestens 100.000 GRT selbst in das Netzwerk einbringen. Für Indexierer besteht ein Anreiz, GRT im Verhältnis zur Anzahl der von ihnen bearbeiteten Abfragen selbst einzunehmen.
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Indexers can increase their GRT allocations on Subgraphs by accepting GRT delegation from Delegators, and they can accept up to 16 times their initial self-stake. If an Indexer becomes "over-delegated" (i.e., more than 16 times their initial self-stake), they will not be able to use the additional GRT from Delegators until they increase their self-stake in the network.
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The amount of rewards an Indexer receives can vary based on the Indexer's self-stake, accepted delegation, quality of service, and many more factors.
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Die Höhe der Rewards, die ein Indexierer erhält, kann je nach Eigenanteil des Indexierers, akzeptierter Delegation, Qualität der Dienstleistung und vielen weiteren Faktoren variieren.
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## Token Supply: Burning & Issuance
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## Token-Versorgung: Burning & Emission
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The initial token supply is 10 billion GRT, with a target of 3% new issuance annually to reward Indexers for allocating stake on Subgraphs. This means that the total supply of GRT tokens will increase by 3% each year as new tokens are issued to Indexers for their contribution to the network.
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The Graph is designed with multiple burning mechanisms to offset new token issuance. Approximately 1% of the GRT supply is burned annually through various activities on the network, and this number has been increasing as network activity continues to grow. These burning activities include a 0.5% delegation tax whenever a Delegator delegates GRT to an Indexer, a 1% curation tax when Curators signal on a Subgraph, and a 1% of query fees for blockchain data.
In addition to these regularly occurring burning activities, the GRT token also has a slashing mechanism in place to penalize malicious or irresponsible behavior by Indexers. If an Indexer is slashed, 50% of their indexing rewards for the epoch are burned (while the other half goes to the fisherman), and their self-stake is slashed by 2.5%, with half of this amount being burned. This helps to ensure that Indexers have a strong incentive to act in the best interests of the network and to contribute to its security and stability.
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Zusätzlich zu diesen regelmäßig stattfindenden Verbrennungsaktivitäten verfügt der GRT-Token auch über einen Slashing-Mechanismus, um böswilliges oder unverantwortliches Verhalten von Indexierern zu bestrafen. Wenn ein Indexierer geslashed wird, werden 50% seiner Rewards für die Epoche verbrannt (während die andere Hälfte an den Fischer geht), und sein Eigenanteil wird um 2,5% gekürzt, wobei die Hälfte dieses Betrags verbrannt wird. Dies trägt dazu bei, dass Indexierer einen starken Anreiz haben, im besten Interesse des Netzwerks zu handeln und zu dessen Sicherheit und Stabilität beizutragen.
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## Improving the Protocol
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## Verbesserung des Protokolls
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The Graph Network is ever-evolving and improvements to the economic design of the protocol are constantly being made to provide the best experience for all network participants. The Graph Council oversees protocol changes and community members are encouraged to participate. Get involved with protocol improvements in [The Graph Forum](https://forum.thegraph.com/).
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The Graph Network entwickelt sich ständig weiter, und es werden laufend Verbesserungen an der wirtschaftlichen Gestaltung des Protokolls vorgenommen, um allen Netzwerkteilnehmern die bestmögliche Erfahrung zu bieten. Der The Graph-Rat überwacht die Protokolländerungen, und die Mitglieder der Community sind aufgerufen, sich daran zu beteiligen. Beteiligen Sie sich an der Verbesserung des Protokolls im [The Graph Forum](https://forum.thegraph.com/).
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