Converti Gifto GFT in Gram Gold GRAMG

Gifto as a network protocol, is a brainchild of Andy Tian, the co-founder and CEO of Asia Innovations Group (AIG). The team at AIG comprises of crypto-technology and blockchain enthusiasts. Andy saw potential in designing a decentralized network powered by the Ethereum blockchain to fix the current broken content monetization model with a better model. Most people introduced to the global content industry will identify the following problems with the current model: The Gifto network was launched in December 2017 and has been tested along with AIG’s flagship product, Uplive. Uplive is a live streaming mobile application with over 20 million users. An official Gifto report in February 2018, stated that Gifto featured in the top 10 traded cryptocurrencies by volume. The universal blockchain-based virtual gifting protocol has not only bridged the gap between content creators and the audience but has also introduced a way to acknowledge and reward the content creators. Besides monetizing decentralized content, it has revamped the modern creator-audience relationship. It has already received support from a number of large institutional investors including KPCB and Wicklow Capital. This can only be seen a positive for Gifto as it proves that the idea has been scrutinized and accepted by a fairly large number of people.

Launched in November 2022, Gram Gold Token (GRAMG) is an asset-backed token redeemable 1:1 for 1 gram of gold. Issued by Token Teknoloji Anonim Şirketi, this token is fully backed by gold on the blockchain at a 1:1 ratio and indexed to the price of gold. For every GRAMG created, an equivalent amount of gold is held as collateral in the respective blockchain wallet. GRAMG 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 any geographical boundaries. Unlike gold transaction limits in the market, there is no minimum transaction limit for GRAMG transactions. GRAMG transactions are executed instantly and any amount of GRAMG tokens can be converted to fiat currencies, ensuring quick and efficient transactions. GRAMG 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 demand for GRAMG tokens increases, Token Teknoloji Anonim Şirketi shall add the corresponding amount of gold, indexed to the price of gold, to its reserves for every 1 GRAMG token at the request of institutions wishing to meet their demand. This ensures that the 1:1 ratio between gram gold and GRAMG is preserved while maintaining market supply and demand equilibrium. And a coin burn function is integrated within the blockchain's smart contract to remove a predetermined quantity of GRAMG tokens from circulation when necessary, ensuring a balance between GRAMG and gram gold. Thanks to this mint-and-burn mechanism, the price of GRAMG is always in equilibrium with that of the physical gram of gold.