$GRT
Staking: Participants can use GRT to stake and become Indexers or Curators, earning rewards for their contributions to the network.
Query fees: GRT is used to pay for query fees by Data Consumers who need access to subgraphs on The Graph network.
Governance: GRT holders can participate in governance proposals to influence the direction of the network.
Incentivization: GRT is used to incentivize behavior that benefits the network, such as data curation and efficient resource allocation.
Liquidity: GRT can be traded on various cryptocurrency exchanges, providing liquidity for holders and facilitating access to the token for new participants.

Delegators: 
Investors who stake tokens to earn returns.

Indexers: 
Participants who earn rewards by indexing and querying data.

Curators: 
Signal subgraphs for rewards.

Data Consumers: 
Need GRT to pay for query services.

The Graph creates value by allowing dapps to search and access the blockchain without proprietary indexing services. It powers many popular dapps and DeFi protocols by providing a decentralized protocol for querying data on blockchains and storage networks.

Value accrual to token:
GRT is staked by Indexers, Curators, and Delegators to align incentives. Data consumers pay query fees to access information, allowing GRT to capture value based on supply and demand.

Value accrual to protocol:
The Graph protocol facilitates decentralized data indexing and querying. The protocol's value is captured through the successful operation of its network, enabling data consumers to access trustworthy information from blockchain networks.

The business model for The Graph Protocol:

Revenue comes from:
Query fees paid by data consumers to Indexers for data query services on the blockchain

Revenue is denominated in:
GRT (The Graph's native token)

Revenue goes to:
Indexers who provide data query services, with a 90% share of query fees, and The Graph Foundation, which takes a 10% cut.