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Cryptocurrency News Articles

GRAM Soars: Cryptocurrency Mining Enters a New Dimension

Apr 01, 2024 at 12:00 am

GRAM, a token developed and released by enthusiasts within the TON ecosystem, has witnessed an exceptional surge in value since its January 30th launch, skyrocketing by a remarkable 28,000 times. As an easily mineable token, GRAM's distribution through GPU mining has made it accessible to a wide community, with over 30,000 holders. Its similarities to Bitcoin, including its lack of pre-mine or large investor allocations, have earned it the moniker "the Bitcoin on Telegram."

GRAM Soars: Cryptocurrency Mining Enters a New Dimension

The Meteoric Rise of GRAM: A New Era in Cryptocurrency Mining

On January 30th, GRAM, a novel cryptocurrency created by TON developers and enthusiasts, emerged from the depths of the TON blockchain. This unassuming token, initially conceived as an experimental endeavor, has since embarked on an extraordinary journey, captivating the attention of the entire TON community and igniting a surge in cryptocurrency mining activity.

An Unprecedented Surge in Value

From its humble beginnings at a mere $0.00000107, GRAM's value has soared astronomically, reaching a peak of $0.044, representing a staggering 28,000-fold increase. This remarkable appreciation has propelled GRAM to the forefront of the cryptocurrency landscape, attracting the interest of countless investors and miners alike.

The Genesis of a Mining Sensation

GRAM's distribution is achieved through a unique proof-of-work (PoW) mechanism, making it the first PoW token within the TON blockchain ecosystem. This accessible mining process, requiring only a computer, a CUDA or OpenCL-compatible GPU, and a basic program obtainable from Github, has empowered individuals worldwide to partake in the lucrative pursuit of GRAM mining.

To incentivize miners, GRAM employs a system of "givers," which are specialized smart contracts that distribute rewards for the accurate processing of transactions. The total supply of GRAM is capped at 5,000,000,000 tokens, with approximately 1,750,000,000 already mined. At the current mining rate, GRAM is projected to be fully mined by early January 2026.

The "Bitcoin of Telegram": A Decentralized Revolution

GRAM's ease of mining has propelled it to widespread adoption, with the token garnering over 30,000 holders within the TON ecosystem as of March 25th. Its decentralized nature, devoid of pre-mining or preferential allocations to major investors, has resonated with the cryptocurrency community in the Commonwealth of Independent States (CIS). This community has affectionately dubbed GRAM the "Bitcoin of Telegram" due to its striking similarities with the legendary cryptocurrency.

GRAM's value growth, like Bitcoin's, has been driven solely by organic community engagement, untainted by artificial hype or market manipulation. Additional advantages of GRAM include its lightning-fast transaction speeds, facilitated by the TON blockchain's impressive throughput of up to 104,000 transactions per second.

Moreover, GRAM's seamless integration with Telegram applications and the TON ecosystem paves the way for innovative distribution and use cases.

Accessibility and Availability

GRAM is currently traded on several decentralized platforms within the TON ecosystem, including STON.fi, Ton Diamonds, DeDust, and the Cryptorg Bot on Telegram. The community eagerly anticipates GRAM's inclusion on major centralized cryptocurrency exchanges. Rumors suggest that MEXC and OKX may soon list GRAM, following the observed transfer of large batches of GRAM tokens to these exchanges.

The Legacy of TON and GRAM

The name "GRAM" evokes the main cryptocurrency envisioned for Pavel Durov's Telegram Open Network (TON) project, which garnered $1.7 billion in funding from a consortium of large private investors in 2018. However, following intense pressure from the U.S. Securities and Exchange Commission (SEC), Durov was compelled to abandon the project, subsequently releasing the code of the unreleased blockchain platform to the public.

Telegram no longer officially manages the TON project but enthusiastically supports the community's efforts in developing the ecosystem. While the GRAM coin is not officially affiliated with Durov's former project, its creator is an active contributor to the TON development community.

GRAM's extraordinary journey serves as a testament to the transformative power of community-driven innovation in the cryptocurrency realm. As the TON ecosystem continues to flourish, the future holds infinite possibilities for GRAM and its impact on the wider cryptocurrency landscape.

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Other articles published on Nov 24, 2024