Gram PlatinumPrice

(GRAMP)

Gram Platinum (GRAMP) is a token launched in November 2022 by Token Teknoloji Anonim Şirketi. It is fundamentally an asset-backed token, fully supported by physical platinum at a 1:1 ratio. This means each GRAMP token directly represents one gram of physical platinum, providing a digital representation of a tangible and valuable asset. Its design aims to bridge the gap between traditional commodities and the decentralized digital economy.

GRAMP operates on the Avalanche and Polygon blockchains. Its operational integrity and 1:1 peg are maintained by a smart contract. For every GRAMP token generated, an equivalent gram of physical platinum is added to the company's vaults. Conversely, if platinum is withdrawn from the vault, an equivalent value of GRAMP is automatically burned. This continuous, smart contract-driven process ensures a constant balance between the digital token supply and the physical platinum reserves, upholding its stable value.

GRAMP aims to make platinum more accessible, offering a cost-effective, fast, and secure solution for global users. Benefits include direct ownership of platinum without the traditional storage costs associated with physical assets. It provides high accessibility with 24/7 transaction capabilities and global transfers. Furthermore, GRAMP eliminates minimum transaction limits, making platinum ownership and transfer flexible for various user needs. These features collectively enhance platinum's utility in a digital format.

Yes, GRAMP is classified as a collateralized stablecoin. Its stablecoin status is derived from its design to maintain price stability, linking its value directly to physical platinum. Unlike many volatile cryptocurrencies, GRAMP's price is indexed to a tangible, real-world asset. This direct backing by platinum serves as collateral, providing a mechanism to minimize price fluctuations and offer a more stable digital asset, thereby reducing exposure to the inherent volatility of the broader cryptocurrency market.

No, GRAMP is not a minable cryptocurrency. Its supply is not generated through computational mining processes like many other digital assets. Instead, GRAMP's supply is exclusively managed by Token Teknoloji. This controlled issuance is critical for maintaining the precise 1:1 balance between the number of GRAMP tokens in circulation and the corresponding amount of physical platinum held in the company's vaults. This ensures the token's asset-backed integrity and stability.

GRAMP offers broad compatibility with various cryptocurrency wallets due to its operation on EVM-compatible blockchains, specifically the Avalanche C-Chain and Polygon. This means that any blockchain wallet that supports the Ethereum Virtual Machine (EVM) can be used to securely store and manage GRAMP tokens. This includes a wide range of popular software wallets and various hardware wallets, providing users with flexibility and robust security options for their holdings.