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Gram (prev. Toncoin)

Gram (prev. Toncoin) (GRAM)

AI Assisted Shariah Verdict
Last Update: 7/11/2026
Halal

SUMMARY

Gram (prev. Toncoin) is a Layer-1 blockchain whose core business activity is providing decentralized infrastructure and payments. The token's utility is tied to permissible network gas fees, governance, and Proof-of-Stake validation. With no identified haram revenue sources at the protocol level, the asset is deemed Shariah-compliant.

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SHARIAH
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Shariah Component Breakdown

Shariah Analysis

revenue purity

Passed

Protocol revenue is derived entirely from permissible network transaction fees, with no haram revenue share identified. The TON Foundation's treasury asset composition and potential interest earnings are not publicly disclosed, which warrants monitoring but does not affect the token's revenue purity.

business activity

Passed

The core protocol is a decentralized Layer-1 blockchain providing scalable infrastructure and payments, with confirmed absence of native interest-bearing lending, gambling, or haram industry operations.

token utility

Passed

The GRAM token is used for network transaction fees, decentralized governance, and securing the network via Proof-of-Stake, which is a permissible validation service.

Legitimacy & Security

social presence

Passed

The project benefits from unmatched distribution and a massive social presence due to its direct integration with Telegram's 900 million+ user base and a thriving ecosystem of Mini Apps.

whitepaper

Passed

The project provides comprehensive technical documentation, a whitepaper, and detailed tokenomics including vesting and network terminology.

project audits

Passed

Security parameters and audit information are confirmed to be available in the project's documentation.

Team & Ecosystem

team background

Passed

The project is heavily driven by the TON Foundation and increasingly by Telegram itself, which provides strong backing but introduces notable centralization and regulatory risks.

Detailed Shariah Report

Overview

Gram (previously Toncoin) is the native cryptocurrency of The Open Network, a decentralized Layer-1 blockchain designed to host scalable decentralized applications and facilitate fast, low-cost payments. The network benefits from unmatched distribution due to its direct integration with Telegram's massive user base of over 900 million people, providing infrastructure for a thriving ecosystem of Mini Apps.

Why This Verdict

Gram is deemed Shariah-compliant because its core business activity, token utility, and revenue sources all align with Islamic financial principles. The protocol functions strictly as a decentralized infrastructure network without engaging in native interest-bearing lending, gambling, or haram industry operations at the base layer. The token itself has clear, permissible utility as it is required to pay network transaction fees, participate in decentralized governance, and secure the blockchain via Proof-of-Stake validation. Furthermore, the protocol's revenue is derived entirely from permissible transaction fees paid by users to execute smart contracts, with no haram revenue streams flowing to token holders.

Permissible Aspects

  • The core business activity of providing decentralized Layer-1 blockchain infrastructure and facilitating scalable payments is a permissible technological service.
  • The GRAM token possesses clear utility for paying network transaction fees (gas) and participating in decentralized governance decisions.
  • Staking GRAM to secure the network via Proof-of-Stake is a permissible validation service, with rewards derived from a compliant mix of network inflation and transaction fees.
  • Protocol revenue is generated strictly from user-paid transaction fees for executing smart contracts and transferring assets, representing a compliant fee-for-service model.

Points of Caution

  • !The TON Foundation's specific treasury asset composition is not publicly disclosed, meaning it is unknown if they earn interest from conventional bank accounts or DeFi lending. However, this does not affect the compliance of holding the token itself, as these treasury funds do not flow to GRAM holders.
  • !While the core protocol does not operate gambling or haram applications, third-party developers have built such applications on the permissionless blockchain. Scrupulous investors should avoid interacting with or profiting from these specific third-party apps.
  • !The project's heavy reliance on the TON Foundation and Telegram introduces notable centralization and regulatory risks, though this is a structural and market concern rather than a direct Shariah violation.

Purification Note

Not applicable. Simply holding or staking the GRAM token does not require purification, as the protocol's revenue is derived entirely from permissible transaction fees and network inflation. The TON Foundation's potential treasury interest does not flow to token holders. Purification would only be necessary if an investor actively chooses to participate in third-party interest-bearing DeFi protocols or haram applications built on top of the network.

BOTTOM LINE

Gram (prev. Toncoin) is a Shariah-compliant Layer-1 blockchain token utilized for network fees, governance, and Proof-of-Stake validation. The core protocol generates revenue through permissible transaction fees and does not expose token holders to interest or prohibited activities at the base layer. While the foundation's treasury practices remain undisclosed and third-party haram apps exist on the network, simply holding and staking the token aligns with Islamic financial principles. Please note that final religious authority rests with a qualified scholar.