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About Gram Silver
Launched in November 2022, Gram Silver Token (GRAMS) is an asset-backed token redeemable 1:1 for 1 gram of silver. Issued by Token Teknoloji Anonim Şirketi, this token is fully backed by silver on the blockchain at a 1:1 ratio and indexed to the price of silver. For every GRAMS created, an equivalent amount of physical silver is held as collateral in the company's reserves.
GRAMS provides a cost-effective, fast and secure solution for global users, offering direct ownership with no storage costs and high accessibility for 24/7 transactions and transfers, regardless of geographical boundaries. Unlike silver transaction limits in the market, there are no minimum transaction limits for GRAMS transactions.
GRAMS is created and runs on the Avalanche C-Chain and Polygon blockchain, and it is compatible with all blockchain wallets that support EVM. It uses smart contracts to automatically manage the collateralization process.
As the demand for GRAMS tokens increases, the Token Teknoloji Anonim Şirketi will add the equivalent amount of physical grams of silver to its reserves for each GRAMS token upon the request of institutions wishing to meet their demand. This ensures that the 1:1 ratio between grams of silver and GRAMS is maintained whilst keeping the market in balance between supply and demand.
And a coin burn function is built into the blockchain's smart contract to remove a predetermined amount of GRAMS tokens from circulation when needed, ensuring a balance between GRAMS and the gram of silver. Thanks to this mint-and-burn mechanism, the price of GRAMS is always in equilibrium with the price of the physical gram of silver.
Trading Insights
Market Stats
Market Cap
Not enough data
FDV
Not enough data
Circ. Supply
Not enough data
Max Supply
Not enough data
Total Supply
3.7M GRAMS
Diluted Valuation
£5.07M
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
£4.72K
180.89%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
£1.39
Price Change (1Y)
Not enough data
56.03%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of Gram Silver has decreased by 0.17% in the last hour and decreased by 0.35% in the past 24 hours. Gram Silver’s price has also fallen by 1.94% in the past week. The current price is £1.39 per GRAMS with a 24-hour trading volume of £4.72K. Currently, Gram Silver is valued at 0.13% below its all time high of £1.39. This all-time high was the highest price paid for Gram Silver since its launch.
The current circulating supply of Gram Silver is 0 GRAMS which means that Gram Silver has as total market cap of £0.00.
Market details
GRAMS vs markets
↗ 161.21%
GRAMS vs BTC
↗ 186.76%
GRAMS vs ETH
↗ 215.49%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Avalanche C-Chain | 0x97Cf07B5401B76D69bf48A4F6FDf63684E0748E0 | |
Ethereum | 0x97Cf07B5401B76D69bf48A4F6FDf63684E0748E0 |
Price history
Time | Price | Change |
|---|---|---|
Today | £1.39 | |
1 Day | £1.39 | |
1 Week | £1.44 | |
1 Month | £1.50 | |
1 Year | £0.9009 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Gram Silver calculator
Related assets
Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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