MEXC Cryptocurrency Exchange Lists GRAM, TON's First Mineable Token

MEXC, a cryptocurrency exchange, will debut GRAM on its platform, a novel cryptocurrency built on the TON blockchain. GRAM's holders have surged to over 30,000 since its January launch, and its price has skyrocketed 28,000-fold. On MEXC, GRAM/USDT trading will be available shortly, following rumors of its listing last week.

MEXC Cryptocurrency Exchange Lists GRAM, the First Mineable Token on The Open Network Blockchain

Singapore, March 15, 2023 - MEXC, a leading global cryptocurrency exchange, announces the highly anticipated listing of GRAM, the first token on the Telegram Open Network (TON) blockchain that can be easily mined using graphics cards. This strategic move marks a significant milestone in the burgeoning TON ecosystem, bringing GRAM to a wider audience and further bolstering its status as the most decentralized and accessible token within the network.

GRAM's meteoric rise since its launch in January 2023 has been nothing short of extraordinary. With over 30,000 holders and a price increase of an astounding 28,000 times from its initial value of $0.00000107 to a peak of $0.044, GRAM has captured the attention of the cryptocurrency community and beyond.

Exclusive Trading Pair on MEXC

The listing of GRAM on MEXC is a testament to the exchange's commitment to providing its users with access to innovative and high-potential crypto assets. Traders will soon have the opportunity to buy, sell, and trade GRAM against the stablecoin Tether (USDT), offering unparalleled liquidity and convenience.

Rumors of GRAM's impending listing on MEXC surfaced last week, sparking excitement among the token's dedicated community. Sharp-eyed observers noticed significant transfers of over 1 million GRAM to MEXC and OKX exchanges, hinting at the impending announcement.

Community-Driven Ecosystem

GRAM has already gained significant traction within the TON ecosystem, particularly among CIS countries. The token is supported on decentralized cryptocurrency exchanges such as STON.fi, Ton.Diamonds, and the DEX DeDust, as well as in the P2P section of CryptoBot on Telegram. CoinGecko data reveals that the total trading volume of GRAM on DEX exceeds $2 million, demonstrating its robust liquidity and popularity.

Decentralization, Accessibility, and Fair Distribution

GRAM is not just any token; it embodies the core principles of decentralization, accessibility, and fair distribution. Unlike many other cryptocurrencies, GRAM has no pre-mining or reserves for the project team or major investors. Instead, all coins are held in smart contracts known as PoW Givers, through which mining is conducted.

The process of mining GRAM is designed to be accessible to the average user, utilizing the computational power of ordinary graphics cards. By setting up the required software on their machines, users can participate in the mining process and receive network rewards for solving computational tasks in the PoW Givers.

This approach ensures that GRAM is evenly distributed among users, maintaining a high level of network decentralization. GRAM has become the most popular token on the TON blockchain due to its accessibility and simple mining requirements, appealing to both novice and experienced cryptocurrency enthusiasts alike.

Limited Issuance and Potential as TON's Bitcoin

The total issuance of GRAM is capped at 5,000,000,000 tokens, with approximately 1,750,000,000 GRAM already mined as of March 27, 2023. GRAM is poised to become the equivalent of Bitcoin within the TON ecosystem, facilitating instant and low-cost transactions of any volume.

GRAM was conceived by a group of enthusiasts who have been developing projects within the Telegram ecosystem. Its creator, Oleg Oskolsky, expressed his surprise and delight at the token's phenomenal success, stating, "I couldn't have imagined that GRAM, which I launched as a fun experiment, would cause such a sensation... make it the most decentralized coin in TON with equal distribution."

"GRAM has a founder, but no owner, no tokenomics or roadmap, and everyone in the community decides for themselves what GRAM means to them," he added. "We are all interested participants with equal opportunities."

The token's name "GRAM" pays homage to the main cryptocurrency of Telegram's original Telegram Open Network project, which raised $1.7 billion in private funding rounds in 2018. While Telegram officially no longer manages the TON project, it actively supports the development of the ecosystem. In February 2024, Telegram founder Pavel Durov announced the launch of payments to Telegram channel owners who actively promote TONcoin, further strengthening the ties between the two entities.

Conclusion

The listing of GRAM on MEXC is a major milestone for the TON ecosystem, bringing the most decentralized and accessible token to a wider audience. GRAM's unique features, ease of mining, and potential to become the "Bitcoin of TON" make it a compelling investment opportunity for both retail and institutional investors alike. As the TON ecosystem continues to grow and evolve, GRAM is poised to play a pivotal role in its success.