Gram
Crypto Overview
Overview
Gram is a cryptocurrency originally designed to be the native token of the Telegram Open Network (TON) blockchain. However, after legal issues with the SEC in 2020, Telegram abandoned the project. The current GRAM token is a community-driven continuation of the original vision, operating on the TON blockchain.
Purpose and Utility
The GRAM token serves as the native currency of the TON ecosystem, used for transaction fees, validator staking, and payments within TON-based applications. It enables users to participate in network governance and secure the blockchain through Proof of Stake validation.
Business Model Analysis
The token's utility aligns with halal principles as it facilitates legitimate blockchain operations and value transfer. The ecosystem focuses on providing decentralized services including payments, storage, and DNS services.
Real-World Adoption
TON has seen increasing adoption, particularly through integration with Telegram's messaging app, which allows users to send and receive GRAM tokens. The network processes millions of transactions monthly, indicating active usage for its intended purposes.
Development Activity
The TON blockchain maintains strong development activity with regular updates and improvements. The project has an active developer community contributing to core protocol development and building applications on the platform.
Token Distribution
As a community-driven project, GRAM's token distribution is relatively decentralized. There was no initial coin offering, and tokens are primarily distributed through mining and network participation.
Crypto Impact
To assign a comfort level investing in Gram from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Gram.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.