Gram (prev. Toncoin) (GRAM)

What is Gram (prev. Toncoin)?

Gram (prev. Toncoin) is the native cryptocurrency of The Open Network, which operates as a layer-1 smart-contract platform. The network officially launched in 2021 after being taken over by the community from the original project initiated by founder Nikolai Durov. The blockchain utilizes a proof-of-stake consensus mechanism to secure its operations and facilitate its primary use cases, which include executing smart contracts and powering decentralized applications. Within its current ecosystem context, Gram functions as the primary utility asset for network activities and integrates directly with various digital environments. The project currently holds a market rank of 24 among all digital assets, reflecting its established position within the broader cryptocurrency landscape.

How does Gram (prev. Toncoin) work?

Gram operates on a proof-of-stake consensus mechanism, which requires participants to lock up their tokens to secure the network. This system replaces traditional mining with a more energy-efficient validation process that relies on economic incentives. The consensus model ensures that all network participants agree on the current state of the blockchain ledger.

Validators are the primary participants responsible for processing transactions and creating new blocks on the network. These node operators must stake a specific amount of Gram tokens to participate in the validation process and earn network rewards. If a validator acts maliciously or fails to perform their duties, they can lose a portion of their staked assets.

When a user initiates a transaction, the data is broadcast to the network for validators to verify and process. Once the transaction is confirmed by the consensus protocol, it is permanently recorded on the blockchain ledger. This settlement process allows users to transfer value and interact with decentralized applications across the network efficiently.

Gram (prev. Toncoin) use cases

Gram (prev. Toncoin) tokenomics

The tokenomics of Gram are structured around its proof-of-stake consensus mechanism and its current circulating supply of 2789557280.66557 tokens. Because the protocol does not have a defined maximum supply, the network operates with an inflationary issuance model. New tokens are continuously generated and distributed to network validators as a reward for securing the blockchain and processing transactions. This ongoing issuance is designed to provide continuous economic incentives for node operators to maintain network integrity. The circulating supply dynamically adjusts based on the balance between newly minted tokens and any potential network mechanisms that might remove tokens from circulation. Participants who stake their holdings help secure the network while influencing the overall distribution of the newly generated digital assets.

Gram (prev. Toncoin) price history & milestones

Gram (prev. Toncoin) officially launched in 2021, entering the cryptocurrency market as a layer-1 smart-contract platform. Throughout its trading history, the digital asset has experienced various market fluctuations typical of the broader cryptocurrency sector. The token reached its all-time high price of $1.55697084558901 on 2026-08-22. Shortly after, the cryptocurrency recorded its all-time low price of $1.29782121215861 on 2026-09-02. These historical price points represent the absolute upper and lower boundaries of the asset's valuation on the open market since its initial deployment. The project continues to develop its ecosystem and currently holds a market rank of 24 among all tracked digital assets.