Gram Gold

GRAMG Price

Launched in November 2022, Gram Gold Token (GRAMG) is an asset-backed token redeemable 1:1 for 1 gram of gold. Issued by Token Teknoloji Anonim Şirketi, this token is fully backed by gold on the blockchain at a 1:1 ratio and indexed to the price of gold. For every GRAMG created, an equivalent amount of gold is held as collateral in the respective blockchain wallet.

GRAMG provides a cost-effective, fast and secure solution for global users, offering direct ownership with no storage costs and high accessibility for 24/7 transactions and transfers, regardless of any geographical boundaries. Unlike gold transaction limits in the market, there is no minimum transaction limit for GRAMG transactions. 

GRAMG transactions are executed instantly and any amount of GRAMG tokens can be converted to fiat currencies, ensuring quick and efficient transactions. 

GRAMG is created and runs on the Avalanche C-Chain and Polygon blockchain, and it is compatible with all blockchain wallets that support EVM. It uses smart contracts to automatically manage the collateralization process.

As demand for GRAMG tokens increases, Token Teknoloji Anonim Şirketi shall add the corresponding amount of gold, indexed to the price of gold, to its reserves for every 1 GRAMG token at the request of institutions wishing to meet their demand. This ensures that the 1:1 ratio between gram gold and GRAMG is preserved while maintaining market supply and demand equilibrium.
And a coin burn function is integrated within the blockchain's smart contract to remove a predetermined quantity of GRAMG tokens from circulation when necessary, ensuring a balance between GRAMG and gram gold. Thanks to this mint-and-burn mechanism, the price of GRAMG is always in equilibrium with that of the physical gram of gold.

Where can you buy Gram Gold?

GRAMG tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Gram Gold is Bitlo, where the most active trading pair GRAMG/TRY has a trading volume of $7,300.82 in the last 24 hours.

What is the daily trading volume of Gram Gold (GRAMG)?

The trading volume of Gram Gold (GRAMG) is $7,845.25 in the last 24 hours, representing a -12.40% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Gram Gold (GRAMG)?

Gram Gold (GRAMG) reached an all-time high of $188.16 and an all-time low of $64.53. It’s now trading -26.40% below that peak and 114.60% above its lowest price.

What is the fully diluted valuation of Gram Gold (GRAMG)?

The fully diluted valuation (FDV) of Gram Gold (GRAMG) is $6,647.38. This is a statistical representation of the maximum market cap, assuming total number of 48 ETH tokens are in circulation today.

How does the price performance of Gram Gold compare against its peers?

With a price increase of 0.50% in the last 7 days, Gram Gold (GRAMG) is underperforming the global cryptocurrency market which is up 11.10%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are up 4.70%.

How to add Gram Gold (GRAMG) to MetaMask?

Adding Gram Gold (GRAMG) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import GRAMG as a token. You can copy GRAMG’s contract address (0xae55ab6a966863cb4c774ba8e6c0a37cfbea01f9) and import it manually, or if you've installed MetaMask's chrome extension, add GRAMG to MetaMask with one click on CoinGecko.

Add GRAMG to MetaMask.