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Gram was a cryptocurrency created by brothers Pavel and Nikolai Durov that would become part of TON Payments, a service of the discontinued Telegram Open Network. Like TON, its monetary exchange system was partially based on Ethereum and served as a wallet for the Telegram messaging service, without integrating with it. It was a cryptocurrency created by the brothers Pavel and Nikolai Durov.
In 2018 the company managed to raise $1.7 billion, considering it the highest fundraising in blockchain history by a few months. Its official announcement along with the release of the mainnet was estimated at the end of October 2019. However, in January 2020 the organization that created it confirmed its development stage without setting a definite launch date.
The initial gram has a set value of $0.10 (ten US cents), subsequent tokens will be worth an additional billionth of their original value. Mathematically it is represented as: