Gram (GRAM) serves as the native digital currency for The Open Network (TON), a decentralized, open-source layer-1 blockchain. This network receives support from various contributors, most notably the TON Foundation, a non-profit entity based in Switzerland.

The project’s origins trace back to 2017, when the Telegram team began coding a blockchain initially called Telegram Open Network (TON), intending to launch a token named 'Gram.' However, in May 2020, Pavel Durov, Telegram’s founder and CEO, declared that Telegram would cease its involvement with the blockchain due to an SEC court order. Consequently, the original Gram token was never distributed.

From 2020 onward, an independent community of developers and enthusiasts has continued the technology's development, with the TON Foundation acting as a leading supporter. During this transition, the blockchain was rebranded from "Telegram Open Network" to "The Open Network," and its native asset was first called Toncoin before being renamed Gram (GRAM).

The network’s whitepaper incorporates portions of the initial codebase created by Dr. Nikolai Durov, Telegram co-founder and brother of Pavel Durov. To ensure scalability and reliability, the TON blockchain operates on a proof-of-stake (PoS) consensus mechanism.

According to the TON Foundation, their goal is to enable 500 million users to control their digital assets, data, and identity by 2028. They aim to achieve this by supporting developers in constructing a Web3 ecosystem within Telegram Messenger.

The Open Network (TON) operates as a decentralized, open-source blockchain. Anatoliy Makosov and Kirill Emelianenko established the TON Foundation, which is responsible for launching and developing The Open Network (TON).

TON utilizes a multi-level structure founded on sharding or segmentation, effectively acting as "a blockchain of blockchains." This sharding approach uses multiple subnets (shards) on a single blockchain, with each shard serving a specific purpose. The design prevents the pile-up of unverified blocks and accelerates tasks, allowing TON to scale efficiently. Consequently, TON can theoretically handle a near-limitless number of simultaneous, ultra-fast transactions.

This capacity to scale while keeping transactions fast and cheap is one reason Telegram has endorsed TON as its official Web3 infrastructure. Telegram and the TON Foundation plan to integrate and promote the TON-based Web3 ecosystem within Telegram. The partners aim to onboard 30% of all Telegram users to TON by 2028. This commitment gives developers and merchants globally unrivaled access to a rapidly growing audience of Web3-aware users.

Beyond this access, TON’s status as Telegram’s official Web3 infrastructure has aided the creation of a leading cryptocurrency payments solution. Wallet, a TON-based platform integrated directly into Telegram, allows for instant P2P transactions and borderless merchant payments. Wallet’s role as a crypto payments facilitator was recently strengthened by an announcement that, together with Telegram, Tether, and the TON Foundation, it would enable users to make low-cost USDT payments with the click of a button, making crypto as easy as texting.

TON also provides these services:

• TON Storage offers private encryption benefits using the owner's wallet private key.
• TON Proxy employs all platform components, enabling clients to reach the TON blockchain via decentralized VPNs.
• TON DNS (decentralized name system) allows traditional websites to function in the TON network, letting users set short, readable names.

Gram, the native cryptocurrency of the TON network (previously known as Toncoin), has a circulating supply of 3.47B GRAM and a maximum supply of 5B GRAM.

Designed as a utility token to power dApps in the TON ecosystem, Gram is used to cover transaction processing fees, cross-chain transaction fees, and validator fees on the TON blockchain. It also supports staking to help secure the network. Additional use cases include paying for decentralized data storage, TON DNS/TON Proxy, and other fees associated with TON-based decentralized services.

The Open Network (TON) relies on a proof-of-stake (PoS) consensus model to confirm transactions. Validators earn their compensation in Gram, while nominators who delegate GRAM to these validators also receive rewards. To enhance security, the network manages both validators and nominators through smart contracts, which run on the TON Virtual Machine (TVM).

You can purchase Gram (GRAM) on a variety of cryptocurrency exchanges, including Huobi Global, KuCoin, Uniswap (V3), Gate.io, OKX, LBank, MEXC, EXMO, CoinEx, Biswap, BitMart, Nomiswap, BitoPro, ACE, DigiFinex, Tidex, Unocoin, Bit.com, BingX, Bybit, and HitBTC.

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