Gram GoldPrice

(GRAMG)

GRAMG addresses the need for a cost-effective, fast, and secure method for global users to access gold ownership. It eliminates common issues associated with physical gold, such as storage costs and limited accessibility. Blockchain technology is crucial for achieving this by ensuring transparency, immutability, and efficient management of the collateralization process through smart contracts. This allows for 24/7 transactions and transfers, breaking geographical barriers and offering direct ownership of gold in a digital, easily transferable form.

Gram Gold (GRAMG) operates as an asset-backed digital token, designed to be redeemable 1:1 for 1 gram of physical gold. This backing is fully managed by smart contracts, which ensure that for every token issued, an equivalent amount of gold is held as collateral in a designated wallet. GRAMG is built on and runs on both the Avalanche C-Chain and Polygon blockchain networks. This multi-chain approach makes it highly compatible with various EVM-supported blockchain wallets, enhancing its accessibility and integration within the broader Web3 ecosystem.

Gram Gold Token (GRAMG) is issued by Token Teknoloji Anonim Şirketi. While the entity responsible for issuing GRAMG is clearly identified, detailed information regarding the individual team members' specific track records or comprehensive background was not prominently available within the provided general search results. Potential users or investors might seek further transparency regarding the experience and expertise of the leadership team at Token Teknoloji Anonim Şirketi to better assess the project's foundation.

GRAMG's tokenomics are built around a strict 1:1 backing ratio with physical gold; for every GRAMG token created, 1 gram of gold is held as collateral. The total supply is dynamic, adjusting to demand. As demand for GRAMG grows, Token Teknoloji Anonim Şirketi adds corresponding gold to its reserves to maintain this ratio. A coin burn function is integrated into the smart contract to manage supply when tokens are redeemed or demand decreases. Its utility extends to investment, trading, and payments, offering a flexible digital gold asset with no minimum transaction limits.

GRAMG prioritizes security through its full backing by physical gold. A key security mechanism is the 1:1 collateralization, where an equivalent amount of gold is held for every token created. This process is managed by smart contracts, which automate and enforce the backing ratio, providing transparency and immutability. Users benefit from direct gold ownership without incurring storage costs. While the reliance on smart contracts for collateral management is highlighted, specific details about security audits of these contracts were not explicitly provided in the available information.

GRAMG offers several advantages over physical gold, including the elimination of storage costs and significantly enhanced liquidity. It provides greater flexibility for transactions and transfers 24/7, globally, and allows for ownership in smaller denominations without the higher premiums often associated with small physical gold bars. However, holding GRAMG introduces new risks inherent to digital assets, such as smart contract vulnerabilities. There is also a custodial risk associated with the issuer, Token Teknoloji Anonim Şirketi, being responsible for securely holding the physical gold reserves backing the tokens.