Research summary
GRAMG and GRAMS are Avalanche tokens at one gram of gold and one gram of silver, issued by Token Teknoloji A.Ş. in Istanbul. On 2026-09-23 there were 48,000 GRAMG and 4,063,800 GRAMS, all in a handful of issuer and exchange wallets, unmoved since June; the trading CoinGecko reports happens inside Bitlo, a Turkish exchange, off chain. No token terms exist. The product pages say metal is held as collateral and that the token gives the holder ownership; the only agreements are an exchange-style user agreement that never mentions the tokens. The bank letters Token Teknoloji published, the latest from August 2024, show metal accounts in its own name, and its reserve page now returns 404. The only exit is converting to Turkish lira on Bitlo. Single keys can freeze, pause, and wipe any balance. The assessment is adverse.
Observable review triggers
- Token Teknoloji publishes token terms that give holders a claim on the metal, with a redemption process
- An independent firm reports on the gold and silver behind the tokens
- A role key changes, or an address is frozen or wiped
- Supply appears on Ethereum or Polygon, or the tokens leave issuer and exchange wallets
Facts on file
- Research assessment
- Adverse
- Client selection
- Not considered
- Exposure
- tokenized commodity
- Chains examined
- Avalanche
- Instruments
- GRAMG, GRAMS
- Reviewed
- Next review