Gram Silver Price(GRAMS)

Gram Silver Token (GRAMS) is a crypto project launched in November 2022 by Token Teknoloji Anonim Şirketi. It functions as an asset-backed token, meaning each GRAMS token is redeemable 1:1 for one gram of physical silver. The project maintains this backing by holding an equivalent amount of physical silver as collateral in the company's reserves for every GRAMS token created. The primary goal of GRAMS is to provide a cost-effective, fast, and secure method for global users to access and transact with physical silver. It offers direct ownership of silver without the need for storage costs and allows for 24/7 transactions and transfers, removing geographical limitations. Unlike some traditional silver transactions, GRAMS transactions do not have minimum limits. GRAMS operates on the Avalanche C-Chain and Polygon blockchain networks, making it compatible with blockchain wallets that support the Ethereum Virtual Machine (EVM). Smart contracts are integral to the project, as they automatically manage the collateralization process and maintain the 1:1 ratio between GRAMS tokens and physical silver. A mint-and-burn mechanism within the smart contract helps to ensure the balance between GRAMS and the physical silver it represents. The project positions GRAMS as a collateralized stablecoin. Learn more

Looking to buy How to buy GRAMS? The process is simple and hassle-free! You can easily purchase GRAMS on LBank by following our step-by-step buying guide. We provide detailed instructions and video tutorials showing how to register on LBank and use various convenient payment options.

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