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Gram (prev. Toncoin) (GRAM)

GRAM price chart

Gram (prev. Toncoin) ranks #19 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #31: 12 of the 30 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 19 non-native assets CoinSpectrum lists above it by market cap, 15 are claims on other assets and 4 are tokens.

CoinSpectrum Grade	A · 69/100 · provisional
Rank among cryptocurrencies	#19
Rank counting claims	#31
Market capitalisation	$3.2B
Price	$1.11
Circulating supply	2,854,417,686 GRAM
Maximum supply	no fixed cap
Consensus family	Proof of Stake
Consensus mechanism	Catchain BFT (PoS)
Network purpose	Smart-contract platform
Ledger type	Multi-asset ledger
Launch distribution	Presale

Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.

CoinSpectrum Grade (Source)

A — 69 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 65 to 71 (A to A).

Section and criteria	Score	Basis
Consensus	9.1	average of 2 criteria
By leader (its largest chain's market cap) (Source)	9.1	Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap
By family (all its chains' market cap) (Source)	9.1	Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains
Supply	7.1	the supply scale times 0.9, and a point for a fixed cap that holds
Supply (21 million scores 10)	7.9	no fixed maximum; 2.85 billion in circulation
Distribution	7.1	average of 3 parts
Holder concentration (Source)	–	Not yet measured
Active addresses	–	Not yet measured
Premine (allocated at launch)	1.4	85.8% of today's supply allocated at launch to founders, a company, a foundation or investors. Formally 1.4% at genesis, but addresses linked to the TON Foundation mined at least 85.8% of supply through the "Giver" contracts (ForkLog research). source
Fundraising (share sold) (Source)	10	No sale of the coin source
Developer share (after launch)	10	No developer share: every new coin goes to the miners or validators who produce blocks. New coins on TON are minted only as block-creation rewards to validators, through the elector contract (config param 14, about 0.6% a year). Half of fees are burned. There is no foundation, developer or treasury share of issuance. The Foundation's large share came from the 2020 'Giver' mining, which is already counted under premine. source
Decentralisation	3.4	average of 4 parts
Governance (Source)	0	An authority can halt the chain or freeze funds: In Feb 2023 a validator vote froze 171 inactive early-miner wallets holding ~1.08B TON for four years, and the 2024 outages needed coordinated validator restarts. source
No central team (Source)	0	A central team directs it: TON Core (the developer team that grew out of the TON Foundation) maintains the only node, ton-blockchain/ton, and sets the roadmap. source
Who can mint (Source)	5	Gated by stake rank: only a capped set of the largest stakes produces blocks
Nodes (Source)	8.6	383 active validators or block producers source
Security	8.5	6.8 of 8 points source
Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points)	10	largest 0.49%, largest three 1.38%
Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points)	10	about 4,272,573 transactions a day
Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point)	1	not mined: another consensus, 1
Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point)	7	one client, latest version Oct 2026
Open source (Node software)	✓
No 51% attack (Nor a deep reorganisation, five years)	✓
Scalability	7.5	average of 3 parts source
Fees ($0.001 or less 10, $1 or more 0)	10	typical fee $0.0005
Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5)	–	not yet measured
Block time (10 minutes 10, less either side)	2.5	a block every 5 seconds
Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth)	–	not yet measured
Features (3 checks)	10	3 of 3 passed
Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11)	✓	Catchain BFT finalises masterchain blocks, now produced about every 0.4 s, so payments are final within seconds.
Pruned nodes (Old history dropped, every rule checked · Whitepaper §7)	✓	Regular full nodes and liteservers keep only recent blocks and state (ARCHIVE_TTL/STATE_TTL); only archive nodes keep full history.
Light clients (Payments verified from headers · Whitepaper §8)	✓	TON lite clients check Merkle proofs returned by liteservers against validator-signed masterchain blocks.
Privacy	3.5	3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source
Protocol level privacy (Keys not tied to an identity · Whitepaper §10)	10	Anyone can create keys and receive and send coins; the protocol carries no identity check.
UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9)	0	An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history.
HD addresses (A new address for each payment, unlinked · Whitepaper §10)	–
Hidden amounts (Amounts confidential)	0	No confidential transactions in the protocol.
Hidden parties (Sender and receiver hidden)	0	No sender or receiver hiding.
Network privacy (Origin hidden by default)	0	ADNL encrypts peer links but does not hide the origin of a transaction; TON Proxy is optional.
Programmability	8.9	8 of 9 points source
Token issuance (At protocol level)	2	Jetton (TEP-74) smart contracts on the TON Virtual Machine, open to any account.
Smart contracts (General-purpose)	2	TON Virtual Machine contracts deployable by any account, running DEXs and other applications on mainnet.
Multisig and time locks (Without a third party)	✓	Through contracts: the k-of-n multisig wallet contract and the vesting contract, which locks Toncoin until set times.
Atomic swaps (With other chains)	✓	TVM contracts can hold funds against a hash preimage with a timeout refund (HTLC).
Native DEX (Trades the coin itself, not a claim)	✓	Traded as itself, not as a wrapped token or a claim: its own chain's DEXes (TON, DefiLlama).
Cross-chain messaging (Verified by the chain itself)	✗	The official TON bridges to Ethereum and BNB Chain (config params 71-73, 79-82) are deprecated; remaining bridges are third-party.
NFTs (Carried by the chain's rules)	✓	TEP-62 NFT standard: each item is its own contract under a collection contract.
Demand	6.8	average of 7 measures
Exchanges (10 or more: 10)	10	33 exchanges
Daily volume ($10K 0, $1B or more 10)	6.8	$82,012,316 traded in 24 hours; #68 by volume on the exchanges the site reads (scored on the median day of the last 30, $25,763,847)
Turnover (volume ÷ market cap, 5% a day: 10)	5.6	0.72% of its market cap a day, median of the last 30 days
Order-book depth (±2% of the price ÷ market cap, 1%: 10)	7.2	$4,587,504 within 2% of the price on 7 exchanges, 0.15% of its market cap, median of the last 15 days
Market cap ($1M 0, $10B or more 10)	8.8	$3.2B, 8.8 on a scale of 2.5 points per tenfold
Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0)	8.3	futures, options and margin positions 3.0% of its market cap
Wallet support (wallets that hold it, 10 or more: 10)	1	its own node and wallet, counted as 1: no wallet in the site's directory lists it yet
Record	7	average of 3 criteria
Age (years since genesis) (Source)	5	5 full years since 2021-08-26, the first day with a recorded price (genesis not yet researched, so the age can only be understated).
Development (work, fixes, vulnerabilities)	7	2 positive, 0 negative, 2 not yet researched source
Positive
Steady work, 6 of 6	✓	1,608 commits in 12 of the last 12 months (github.com/ton-blockchain/ton); ton-blockchain/ton v2026.10, 2026-10-19; 36 stable releases in 24 months.
Shipped a scaling upgrade in two years, +1	✓	Catchain 2.0, 9 Apr 2026: blocks about 400 ms, sub-second finality; validator vote ~30 Apr 2026 cut fees six-fold.
Not yet researched
Shipped a security fix in two years	–
Shipped a new capability for users in two years	–
Conduct (origin, claims, halts)	9	2 positive, 3 negative source
Positive record
Launched with a stated purpose, not as a joke	✓
No claims by its founders that contradict its own design	✓
Negative record
Halt, freeze or reversal, 2023-02-21	✗	Validator vote froze 171 inactive early-miner wallets holding ~1.08B TON (over 20% of supply) for four years. cointelegraph.com
Halt, freeze or reversal, 2024-08-27	✗	Block production stopped for about six hours during the DOGS airdrop load; validators had to restart nodes together with new flags. theblock.co
Halt, freeze or reversal, 2024-08-28	✗	Second outage within 36 hours, roughly six hours, again resolved by coordinated validator restarts. theblock.co

Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.

Proof of Stake coins

Proof of Work coins

Supply

2,854,417,686 GRAM are in circulation, against no fixed cap — issuance has no defined end.

Launch and allocation

Premine (allocated at launch)	85.8% of today's supply
Developer share received since launch	0% of today's supply
Developer share of new coins today	0%
Nodes or validators	383
Fundraising	No sale and no investor round

Formally 1.4% at genesis, but addresses linked to the TON Foundation mined at least 85.8% of supply through the "Giver" contracts (ForkLog research).

No sale that delivered coins: Telegram's 2018 presale was refunded, and later purchases by funds were from third parties, not from the TON Foundation.

No issuer sale that delivered coins can be quantified: Telegram's 2018 presale (~$1.7B) was refunded and no Grams were delivered; the March 2025 $400M+ VC purchase was stated (Cointelegraph update) not to be a TON Foundation sale and the sellers are unnamed; Telegram's 2024 Toncoin sales ($244-353M reported) were of coins earned from its services, and sales by Foundation-linked 'Giver' miners are not traceable.

New coins on TON are minted only as block-creation rewards to validators, through the elector contract (config param 14, about 0.6% a year). Half of fees are burned. There is no foundation, developer or treasury share of issuance. The Foundation's large share came from the 2020 'Giver' mining, which is already counted under premine.

Sources: cointelegraph.com · theblock.co · forklog.com · docs.ton.org · docs.ton.org · forklog.com. Researched 2026-10-24, low confidence.

What a regulator has said

No SEC/CFTC determination — unclassified.

The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.

How CoinSpectrum ranks Gram (prev. Toncoin)

Gram (prev. Toncoin) is #19 among cryptocurrencies and #31 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 12 places between Gram (prev. Toncoin)'s two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.

The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).

See the 1 wrapped and staked claim on Gram (prev. Toncoin) →