Question 1

How does GRAMP maintain a 1:1 correspondence with the physical platinum in the vault?

Accepted Answer

GRAMP corresponds to physical platinum in the company’s vault at a 1:1 ratio: each GRAMP represents one gram of platinum, with a stated purity of 99.95/100. Under the described issuance mechanism, the vault of Token Teknoloji gains one gram of platinum for each GRAMP generated; the smart contract is described as automatically adding it upon generation. This explains the stated correspondence between the token and the reserve, but does not by itself establish the amount actually held in the vault or state that holders can redeem physical platinum.

Question 2

What happens to GRAMP’s supply when the amount of platinum in the company’s vault decreases?

Accepted Answer

Under the described smart contract mechanism, when the amount of platinum in the company’s vault decreases, the contract burns an equivalent amount of GRAMP. This adjustment is intended to keep the circulating supply of GRAMP in the stated 1:1 correspondence with the platinum in the vault. It describes a mechanism for matching supply to reserves, not a guarantee that GRAMP’s market price will remain stable.

Question 3

How is GRAMP issued, and what is its relationship to mining?

Accepted Answer

GRAMP is described as not being produced through mining. Instead, Token Teknoloji issues it, with each GRAMP linked to one gram of physical platinum. Its issuance is therefore handled by the issuer according to the stated platinum correspondence, rather than through mining. No fixed issuance schedule or supply cap is specified.

Question 4

How is GRAMP’s price related to physical platinum?

Accepted Answer

GRAMP’s price is indexed to physical platinum. The stated correspondence is one GRAMP for one gram of physical platinum held in the vault. This does not mean GRAMP must trade at the price of one gram of platinum or guarantee that its market price will not deviate.

Question 5

What is the stated purity of the platinum backing GRAMP?

Accepted Answer

The physical platinum in grams corresponding to GRAMP is stated to have a purity of 99.95/100.

Question 6

What type of wallet can hold GRAMP?

Accepted Answer

GRAMP can be held in cryptocurrency wallets compatible with AVAX; this does not mean that every cryptocurrency wallet is compatible.

Question 7

Can GRAMP be transferred directly between wallets?

Accepted Answer

GRAMP can be sent directly from one wallet to another.

Question 8

Can GRAMP transactions be tracked on the blockchain?

Accepted Answer

Transactions made with GRAMP can be tracked on the blockchain. This does not mean that a user’s identity or privacy status can be determined from that fact.

Question 9

Can GRAMP be traded around the clock?

Accepted Answer

GRAMP can be traded 24/7. This does not mean that every trading venue or conversion service operates continuously.

Question 10

How can GRAMP be converted into Turkish lira?

Accepted Answer

Investors holding GRAMP can convert it into Turkish lira through the Bitlo cryptocurrency trading platform.

Question 11

Are there custody, transfer, and administration fees for GRAMP?

Accepted Answer

The fee description excludes custody, transfer, and administration fees for GRAMP. This does not mean that all possible trading, network, or platform fees are absent.

Question 12

Compared with physical platinum, which fees are explicitly listed as not being charged for GRAMP?

Accepted Answer

Three types of fees are listed as not being charged, compared with physical platinum: custody, transfer, and administration fees. This comparison does not mean that holding, trading, or transferring GRAMP is entirely free of fees.

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About Gram Platinum (GRAMP)

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Supply and Issuance Mechanism

Frequently Asked Questions About Gram Platinum (GRAMP)