What is Gram Silver (GRAMS)?
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.
How does Gram Silver work?
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.