MEXC Exchange Lists GRAM, the First Mineable Token on Ton Blockchain

MEXC Exchange announces the listing of GRAM, the first mineable token on the TON blockchain using graphics cards. Launched in late January, GRAM has garnered immense popularity, its holder count surpassing 30,000 and value rising from $0.0027 to a peak of $0.044. MEXC will open a trading pair GRAM/USDT, enhancing GRAM's accessibility and liquidity.

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

In a groundbreaking development for cryptocurrency enthusiasts, MEXC Exchange has announced the listing of GRAM, the inaugural mining token on the Ton (The Open Network) blockchain, accessible for mining via standard graphics cards. Despite its recent launch in late January, GRAM has witnessed an extraordinary surge in popularity, accumulating over 30,000 holders and experiencing a tenfold surge in value from an initial $0.0027 to $0.03, with a peak of $0.044.

MEXC Exchange's introduction of a GRAM/USDT trading pair will enhance the token's accessibility and liquidity. Prior to this listing, GRAM was already supported by several decentralized exchanges within the TON ecosystem, including notable AMM DEXes like STON.fi, Ton.Diamonds, and DEX DeDust, as well as in the P2P section of CryptoBot on Telegram.

GRAM distinguishes itself through its robust decentralization, empowered by the ability to mine the token using the computational capabilities of standard graphics cards. This decentralization is further cemented by the absence of pre-mining or reserves for the project team or major investors. All tokens are held within smart contracts designated as PoW Givers, through which the mining process is executed.

The GRAM mining process mirrors the initial TON blockchain mining phase, wherein users configure software and are rewarded as miners for successfully solving computational tasks presented by PoW Givers. This approach guarantees an equitable distribution of tokens among participants, upholding the network's high level of decentralization.

GRAM has ascended to the position of the most sought-after token on the TON blockchain. Substantial PoW Givers bearing rewards of 100,000 GRAM were depleted within a single day of GRAM's launch on January 30th. As of March, tokens from medium and small PoW Givers offering rewards of 10,000 and 1,000, respectively, have also been entirely mined. Currently, mining proceeds through micro-givers with rewards of 100 GRAM.

The total supply of GRAM is capped at 5,000,000,000, with 1,750,000,000 GRAM already mined as of March 27th. GRAM aspires to become the TON ecosystem's equivalent of Bitcoin, facilitating instantaneous and cost-effective transactions of any magnitude. It was conceived by a team of enthusiastic developers after the previous team relinquished control of the project.

Oleg Oskolskiy, GRAM's lead developer, expressed his astonishment at the token's remarkable reception following its launch, stating, "I never anticipated that Gram, which I introduced as an experiment, would generate such excitement and captivate the entire TON community, transforming it into the most decentralized coin on the TON blockchain with equitable distribution. Gram has a founder but no owner, no tokenomics or roadmap, and each community member has the freedom to define its significance. We are all equal stakeholders and observers."

The GRAM name resonates with that of the primary cryptocurrency in Pavel Durov's Telegram Open Network project, which garnered $1.7 billion in private funding rounds in 2018 but was subsequently suspended due to regulatory constraints before being handed over to the community and rebranded as The Open Network (TON). Although Telegram's official team does not oversee the TON project, it actively supports initiatives that foster the development of its ecosystem. In February 2024, Pavel Durov announced the implementation of a reward system for Telegram channel owners based on ad views in TONcoin.

GRAM has positioned itself as a compelling alternative for investors and blockchain enthusiasts seeking cryptocurrencies that embody the foundational principles of decentralization and security that characterize Bitcoin (BTC), while offering enhanced features, particularly in terms of transaction speed and scalability.

Amidst rumors of potential listings circulating through the project's designated Telegram channel, GRAM enthusiasts eagerly anticipate its imminent introduction on additional prominent exchanges. Notable activity has been observed, with transfers involving over a million GRAM tokens being dispatched to accounts on both MEXC and OKX.