Gram is the native cryptocurrency of The Open Network (TON), a blockchain platform originally developed by Telegram. Designed to facilitate transactions and interactions within the TON ecosystem, Gram serves as the primary medium of exchange, enabling users to pay for services, execute smart contracts, and participate in decentralized applications (dApps). It plays a crucial role in maintaining the network’s functionality and incentivizing participants.

Within the TON ecosystem, Gram is used to reward validators who secure the network through its proof-of-stake (PoS) consensus mechanism. Users can stake Gram to participate in governance or earn rewards, fostering decentralization and network security. Additionally, Gram powers transactions, ensuring fast and low-cost transfers due to TON’s scalable architecture, which includes sharding and multi-blockchain technology.

Gram also supports TON’s decentralized services, such as TON Storage, TON DNS, and TON Payments, enabling seamless integration of blockchain-based solutions. Its utility extends to decentralized finance (DeFi) applications, where it can be used for lending, borrowing, and trading.

Despite regulatory challenges that halted Telegram’s direct involvement, Gram continues to function within the TON ecosystem, driven by community-led initiatives. Its integration into TON’s infrastructure highlights its potential to revolutionize digital transactions and decentralized services.