MEXC Exchange, one of the leading cryptocurrency exchanges globally, has recently added the GRAM token to its list of supported assets from the TON ecosystem. The GRAM token, often referred to as the “Bitcoin for Telegram,” has experienced an astonishing price surge of 28,000 times since its launch in January.
MEXC users can now trade the spot trading pair GRAM/USDT on the platform, following speculation about the token’s listing that circulated on the project’s Telegram channel. Notably, significant transfers of GRAM have been observed, with over one million tokens being sent to wallets on MEXC as well as OKX, a major cryptocurrency exchange.
With its daily trading volume surpassing $2 billion and featuring 2,677 trading pairs on both the spot and futures markets, MEXC has firmly established itself as a prominent player in the crypto industry, according to CoinGecko’s report.
The GRAM token was launched by a group of passionate developers on The Open Network blockchain. Its mining capabilities garnered immediate attention, as it became the first Proof of Work (PoW) token within the TON ecosystem that could be mined using graphics cards. Miners of GRAM, similar to Bitcoin, receive rewards for solving computational tasks. The total supply of GRAM is capped at 5,000,000,000 coins, with 1,750,000,000 GRAM already mined by March 28th.
Since its launch, the number of GRAM users has quickly reached 1,500 within the first day and surpassed 30,000 by mid-March. The token’s price has skyrocketed by 28,000 times, surging from $0.00000107 to $0.03 by the end of March.
One of the GRAM creators, developer Oleg Oskolskiy, expressed astonishment at the coin’s success, stating, “I could never have imagined that GRAM, which I launched as an experiment, would create such a buzz and capture the attention of the entire TON community, ultimately becoming the most decentralized coin on TON with equal distribution.”
Within the GRAM community, the token is often compared to Bitcoin, thanks to its high level of decentralization. Notably, GRAM has no pre-mine or reserved tokens for the project team or major investors. Instead, all tokens are mined and evenly distributed among users.
Previously, GRAM received support from decentralized exchanges within the TON ecosystem, including the largest AMM DEX STON.fi, Ton.Diamonds, DEX DeDust, and the P2P section of CryptoBot on Telegram. Given its substantial technical and investment potential, coupled with a target audience of 800 million Telegram users, the GRAM community anticipates further listings on major exchanges following its successful listing on MEXC. The rumors of forthcoming listings are reinforced by the fact that transactions involving over one million GRAM tokens have already been made to accounts on MEXC and OKX.