Gram Tokenomics 2026: Emission, Inflation, Staking, Burn

After the Toncoin → Gram rebrand on June 1, 2026, holders are asking: did tokenomics change? The short answer — no. A rebrand is a name change, not a structural redesign of the coin. But it’s a good moment to look in detail at how Gram (Toncoin) tokenomics works in 2026.

Total supply and circulating supply

Current figures (June 1, 2026)

• Total supply: ~5.13 billion GRAM
• Circulating supply: ~3.55 billion GRAM
• Locked / non-circulating: ~1.58 billion GRAM
• Market cap (at ~$5): ~$17.7 billion

Where the 5 billion comes from

Telegram’s original 2018 plan: emit Gram via PoW mining in early years for a distributed launch. After the 2020 SEC settlement:

• Most pre-mined Gram remained locked in early-mining wallets (addresses known, owners either unidentified or have lost seeds)
• TON Foundation holds reserves of several hundred million GRAM (for grants, treasury, marketing)
• The rest gradually enters circulation via mining (early epochs) and staking rewards (later)

What “non-circulating” means

It’s not just “Foundation reserve tokens.” It includes:

• Pre-mined wallets (~1.2 billion GRAM) — addresses mined this amount in 2020–2022, owners anonymous
• Foundation reserve (~250 million GRAM) — for ecosystem development
• Vested community pools — gradual unlocks over several years
• Burned tokens (~50 million GRAM) — sent to the null address

Emission and inflation

Base emission rate

TON has planned emission via staking rewards:

• Base inflation: ~0.6% annually
• Mechanism: each block emits new GRAM as rewards to validators
• Distribution: ~80% to validators/nominators, ~20% to Foundation reserve

Comparison vs other L1s

Takeaway: Gram has one of the lowest base inflation rates among major L1s.

Emission over time

Unlike Bitcoin (with halvings every 4 years), Gram’s emission is smoothly declining:

• 2026: 0.6%
• 2030: ~0.5%
• 2035: ~0.4%
• 2040: ~0.3%

Over decades, emission asymptotically approaches zero, making Gram a deflationary asset (if the burn mechanism survives or strengthens).

Burn mechanism

How burn works

A portion of each transaction fee is burned — sent to a special null address nobody controls.

Before MTONGA step 2 (May 1, 2026), burn was:

• ~30% of each fee
• At ~$0.003 average fee and ~10M tx/day: $9000/day burn ($3.3M/year)
• In coin terms: ~660k GRAM/year

After MTONGA step 2 (fees down 6× to $0.0005):

• Same ~30% of fee, but base 6× smaller
• At average $1500/day burn ($550k/year)
• In coin terms: ~110k GRAM/year

Net result: real burn shrank 6× after the fee reduction. Net inflation rose slightly (from ~0.3% to ~0.5%).

Can burn grow

Several scenarios for stronger burn:

• Transaction volume growth — if Telegram integration (MTONGA step 5) explodes activity, burn scales with volume
• Protocol upgrade — the community can vote to raise burn rate (from 30% to 50%+)
• Telegram revenue burn — if Telegram directs part of ad revenue toward Gram buybacks + burn, that creates deflationary pressure

Staking: participation and yield

How much Gram is currently staked

• Total staked: ~2 billion GRAM (55–60% of circulating supply)
• Via liquid staking: ~700 million GRAM (Tonstakers, bemo, Hipo, etc.)
• Via nominator pools: ~1.2 billion GRAM (Whales Pool, TON Whales, etc.)
• Solo validators: ~100 million GRAM

After MTONGA step 3 (Telegram validator), 8–15% of total stake sits with Telegram.

Yield

See our guides on TON staking and provider comparison.

Supply distribution: who holds Gram

Top holders (per on-chain data)

Exact addresses are public via tonviewer.com:

• Top 100 wallets: control ~40% of circulating supply
• Exchanges (Binance, Bybit, OKX, Kraken): ~15–20% (including client funds)
• TON Foundation: ~6–7% (via several identified addresses)
• Telegram (post-MTONGA): 8–15% (exact addresses not confirmed)
• Long-term holders (>1 year): ~25–30%

vs other L1s

Top-100 wallet concentration (~40%) is mid-range for L1s:

• Bitcoin: top-100 ~15–18%
• Ethereum: top-100 ~30%
• Solana: top-100 ~50%+
• TON / Gram: ~40%

Signaling medium-high concentration, which grew after MTONGA step 3.

Velocity and utility

Velocity (how often Gram moves)

• Average hold period: ~120 days (per on-chain analysis)
• Daily active addresses: 200k–300k (after MTONGA step 2)
• Daily transaction volume: $200–400 million (market-trend dependent)

Post MTONGA step 2 (lower fees), velocity rose — more mass-market transactions.

Utility applications

Where Gram is used in 2026:

• Gas / fees — every transaction requires a tiny amount (very small after step 2)
• DeFi — STON.fi, DeDust, Storm Trade, EVAA — TVL ~$300–400M
• Staking — 55%+ of circulating supply
• NFT — payment for Telegram NFT usernames, .ton domains
• Payments — Telegram channels, Crypto Bot, xRocket
• Games — Notcoin, Hamster Kombat legacy, new tap-to-earns

Rebrand impact on price

Short term

At MTONGA step 4 announcement (June 1, 2026):

• +10% in the first hour after announcement
• +15% over 24 hours
• Volume +200–300%
• Futures open interest +25%

In line with prior MTONGA steps (step 1 +15%, step 3 +23%).

Medium term (1–3 months)

From historical rebrand data:

• Matic → POL (2024): initial pump +12%, after 3 months price was +5% from announcement
• CRO restart: initial pump +18%, after 3 months -5%
• FTM → S: initial pump +25%, after 3 months +35% (broader bull market)

For Gram, medium-term effect depends on:

• Achievement of MTONGA steps 5–7
• Overall crypto market
• Telegram product integration results

Long term

Long-term dynamics don’t depend on the coin’s name. They depend on:

• Real network utilization (volume, active users)
• Telegram-product-driven adoption
• Competition from other L1s (Solana, Ethereum L2s, Aptos, Sui)
• Regulatory risks

For scenario analysis, see our centralization piece and MTONGA 5–7 forecast.

Sources

• TON Foundation tokenomics documentation
• Tonviewer.com on-chain data (June 1, 2026)
• DefiLlama TVL data
• CoinMarketCap, CoinGecko market data
• TON Whitepaper (2017)

Further reading:

• Main rebrand explainer
• Full MTONGA breakdown
• TON staking guide
• TON fees: how they work