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Cryptocurrency News Articles

GRAM Storms the Telegram Network: A Cryptocurrency Sensation

Apr 01, 2024 at 06:50 pm

GRAM, a token created by TON developers, has surged in value since its launch on January 30th, skyrocketing 28,000 times to $0.03 at its peak. GRAM, initially conceived as an experiment, has gained immense popularity due to its ease of mining using GPUs, making it the first PoW token within the TON blockchain ecosystem.

GRAM Storms the Telegram Network: A Cryptocurrency Sensation

GRAM: The Sensation Taking the Telegram Ecosystem by Storm

In a groundbreaking move that has sent ripples through the cryptocurrency world, GRAM, a novel token crafted by the skilled minds of TON developers and enthusiasts, burst onto the scene on January 30th. Since its humble beginnings, GRAM has witnessed an astronomical surge in value, skyrocketing an astounding 28,000 times from a mere $0.00000107 to a peak of $0.044. This remarkable ascent has garnered widespread attention, establishing GRAM as a force to be reckoned with in the decentralized landscape.

An Experiment That Captivated the TON Community

GRAM's genesis can be traced back to an experimental endeavor undertaken by Oleg Oskolsky, the visionary creator behind this innovative token. In February, Oskolsky penned a heartfelt message on his Telegram channel, expressing his sheer amazement at the unforeseen sensation GRAM had become. He marveled at how this "fun experiment" had captivated the entire TON community, propelling it to the forefront as the most decentralized coin on the TON blockchain with an equitable distribution.

Democratizing Cryptocurrency Mining with GPU Empowerment

GRAM's distribution mechanism stands as a testament to its egalitarian ethos. By harnessing the power of GPU mining, GRAM has democratized the process of acquiring cryptocurrency, empowering anyone with a computer, a GPU compliant with CUDA or OpenCL drivers, a simple program readily available from Github, and a MyTonWallet or TonKeeper account to participate in the mining process. The absence of exorbitant hardware requirements, such as specialized ASICs, has made GRAM accessible to a broader audience, fostering a truly inclusive mining environment.

Miners Rewarded for Processing Transactions

The rewards for GRAM miners flow directly from specialized smart contracts dubbed "givers," which compensate miners for their contributions to processing transactions accurately. The total supply of GRAM is capped at 5 billion tokens, with approximately 1.75 billion already mined. At the current mining rate, the full issuance of GRAM is projected to be realized in approximately 700 days, around early January 2026.

The Return of Bitcoin's Principles to the Telegram Ecosystem

The GRAM token has garnered widespread appeal primarily due to its accessible mining process. As of March 25, 2023, the GRAM ecosystem boasts over 30,000 holders, a testament to its burgeoning popularity. Within the CIS crypto community, GRAM has been affectionately dubbed "the Bitcoin on Telegram" for embodying many of the qualities that made Bitcoin an iconic cryptocurrency.

Echoes of Bitcoin's Egalitarian Roots

GRAM shares striking similarities with Bitcoin in several key aspects. Notably, GRAM's distribution did not involve any pre-mine, nor did its creator allocate any coins for personal gain before mining commenced. This approach mirrors Bitcoin's commitment to equitable distribution, ensuring that the token's value is determined solely by market forces and community sentiment.

Organic Growth and Community-Driven Value

GRAM's meteoric rise in value is a testament to its organic growth and the unwavering support of its community. Unlike many other cryptocurrencies that have been marred by artificial hype and market manipulation, GRAM's surge was driven purely by the collective belief and enthusiasm of its users.

Advantages that Set GRAM Apart

Beyond its user-friendly mining process, GRAM offers several other advantages that have contributed to its growing popularity. Its lightning-fast transaction speeds, enabled by the high throughput of the TON blockchain, have made it an attractive option for seamless and efficient transactions.

Furthermore, GRAM's architecture seamlessly integrates with Telegram applications and the wider TON ecosystem, unlocking a vast array of distribution and usage possibilities.

GRAM's Accessibility on Decentralized Platforms

GRAM is currently traded on a range of decentralized platforms within the TON ecosystem, including STON.fi, Ton Diamonds, DeDust, and the Cryptorg Bot on Telegram. The community eagerly anticipates GRAM's imminent listing on major centralized cryptocurrency exchanges, with rumors swirling of its impending appearance on MEXC and OKX.

The GRAM Connection to Pavel Durov's TON Project

The name "GRAM" evokes memories of the primary cryptocurrency envisioned for Pavel Durov's Telegram Open Network (TON) project, which raised a staggering $1.7 billion from private investors in 2018. However, due to pressure from the U.S. Securities and Exchange Commission (SEC), Durov was forced to abandon the project and subsequently released the code of the unreleased blockchain platform to the public.

TON's Enduring Legacy and GRAM's Independent Spirit

Since then, the TON project has flourished under the stewardship of the crypto community, with active development ongoing. While Telegram no longer holds the reins of the TON project, it continues to provide invaluable support for the initiative to develop the ecosystem.

Officially, the GRAM coin maintains a distinct identity from Pavel Durov's former project, although its creator is counted among the developers who contributed to TON's genesis. This lineage adds an intriguing historical layer to the GRAM story, connecting it to the broader narrative of TON's evolution.

Conclusion

GRAM's remarkable journey has captured the imagination of the cryptocurrency world, demonstrating the transformative power of community-driven initiatives. Its ethos of egalitarian distribution, accessible mining process, and integration with the Telegram ecosystem has propelled it to the forefront of the TON landscape.

As GRAM continues to evolve and gain traction, its future holds endless possibilities. With its strong foundation and the unwavering support of its thriving community, GRAM is poised to leave an indelible mark on the cryptocurrency industry, further solidifying its position as a force to be reckoned with in the decentralized realm.

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