What is the Gram token and why should you care?

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Liquid will host the Gram Token Sale on July 10. This will be the first chance for the public to buy highly sought after Gram tokens.

But what makes the Gram token so special? 

What is the Gram token?

Many payment-focused cryptocurrencies struggle with scalability, while for new users, buying, storing and sending digital assets requires a steep learning curve. 

Telegram aims to solve these issues with the Telegram Open Network (TON), a fast and scalable multi-blockchain system that will expose Telegram's vast global userbase to a state-of-the-art digital wallet and a new cryptocurrency, the Gram token.

The vision is to create an intuitive, welcoming cryptocurrency ecosystem that improves the lives of Telegram's 200 million active users. Gram’s inherent value will come from its adoption by these users, with the token used to pay for payments and services across the network.

The Gram token has a number of core uses within the Telegram ecosystem, including (source: Telegram whitepaper):

  • Commission ("gas") paid to TON nodes for processing transactions and smart contracts.
  • Stakes deposited by validators to be eligible to validate transactions and generate new blocks and coins.
  • Capital lent out to validators in exchange for a share of their reward.
  • Voting power required to support or oppose changes in the parameters of the protocol.
  • Payment for services provided by apps built on the platform.
  • Payment for storing data securely in a decentralized way.
  • Payment for registering blockchain-based domain names and hosting TON-sites.
  • Payment for hiding identity and IP addresses.
  • Payment for bypassing censorship imposed by local ISPs.
  • Gram will also be available for use outside of TON like any other cryptocurrency currently in the market.

Sign Up For The Gram Token Sale

Adoption curve

The life of any new project largely depends on the rate of adoption. It doesn't matter how good your idea is, it matters whether your product is used. 

Telegram has a huge amount of leverage that most startups don't have access to: a large, pre-existing user-base.

Here's a great quote from the TON whitepaper:

"Telegram-TON integration will provide a clear path to cryptocurrencies for millions of people. Telegram Messenger will not only serve as an example of the possibilities offered by integrating with TON, but will also add unique features to the TON platform, leveraging Telegram’s massive user base and developed ecosystem."

But how will this happen?

The Telegram Light Wallet will be built into Telegram applications. There are no hoops to jump through – if you're a Telegram user, you'll have a Gram wallet. If you like the services offered on Telegram, it will make sense to quickly and easily buy some Gram to take advantage. 

Finally, the TON ecosystem will lower the barriers to entry that have plagued the crypto space. Telegram users won't need to study blockchain or memorize complex private keys, instead having access to a product that has been developed with the user experience firmly in mind. This ease of use should help fuel demand for a token that can be used across the platform. 

How much is a Gram?

The price per Gram token will be 4 USD. 

However, QASH holders can access an exclusive rebate that means you can effectively pay as little as 3.50 USD per Gram – a 12.5% saving. 

QASH holder rebate

The QASH rebate campaign has four holder tiers, outlined below:

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To see the details of the QASH rebate, please read this post.

Register your interest

If you like what you hear, you can register your interest on our website. If you’re a QASH holder, you'll be able to access exclusive rebates on the purchase of Gram tokens during the sale. More details will be released soon. 

Earn yourself some Gram

Help spread the word. Use your Liquid referral link to invite your friends to sign up and take part in the Gram Token Sale. For every friend you refer you can earn USD10 in Gram (up to USD50). Your referral must buy at least USD100 worth of Gram in the token sale to qualify. 

Visit the Gram Token Sale page

This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product. Trading cryptocurrency is complex and comes with a high risk of losing money, particularly if you trade on leverage. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose.

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Liquid

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