GRAM Staking Now Available on Ndax

Ndax is excited to announce that staking for Telegram’s GRAM token is now available on Ndax!

With this latest addition, Canadians have even more ways to participate in innovative blockchain networks and earn staking rewards through a simple, secure, and accessible platform built for Canada.

GRAM focuses on scalable applications, fast payments, and consumer-friendly blockchain experiences. The network is designed to support smart contracts, decentralized applications, and digital payments at scale, with GRAM playing a central role across the ecosystem.  

At Ndax, we remain committed to expanding access to staking opportunities across a growing range of digital assets. Please review our disclaimer at the bottom of the page for important information regarding the risks associated with staking.

Let’s take a closer look at GRAM and what it brings to the Ndax staking lineup.

GRAM, previously Toncoin, short for The Open Network, is a Layer 1 blockchain designed to support scalable smart contracts, decentralized applications, and payments.

The network was built with a focus on speed, efficiency, and accessibility, aiming to make blockchain technology easier to use for everyday applications. GRAM’s ecosystem includes wallets, decentralized applications, payments, gaming, NFTs, DeFi protocols, and other on-chain services designed to bring crypto closer to mainstream users.

A major part of GRAM’s appeal is its focus on consumer-scale blockchain experiences. Rather than only serving developers or advanced crypto users, GRAM aims to support fast and accessible applications that can be used by a broad global audience.

GRAM operates as a proof-of-stake network, where validators help maintain network security and earn GRAM rewards for their work. The result is an ecosystem focused on speed, scalability, and practical blockchain utility. 

GRAM is used to support network security through staking, pay transaction fees, participate in network activity, and power applications across The Open Network. As the network continues to grow, GRAM remains central to its economic model and broader ecosystem participation. Key functions of GRAM include:

• Staking: GRAM can be staked to help secure The Open Network and support validator participation.
• Transaction Fees: GRAM is used to pay for transactions and network activity across the blockchain.
• Ecosystem Utility: GRAM helps power applications, payments, and on-chain interactions across The Open Network.
• Network Security: GRAM supports the proof-of-stake model that helps validators maintain the security and stability of the network.

By staking GRAM on Ndax, users can participate in the network’s staking mechanism through Ndax’s custodial staking service.

Staking GRAM allows users to participate in The Open Network while earning crypto rewards.

By staking your GRAM, you help support the network’s proof-of-stake infrastructure and contribute to the overall security and stability of the GRAM ecosystem. In return, eligible users can earn staking rewards based on network conditions and validator performance.

GRAM staking helps secure the network by locking GRAM to support validation. GRAM also supports different staking models, including validator participation, nominator pools, and liquid staking, each designed for different user needs and technical requirements.  

On Ndax, staking is designed to be simple. There is no need to manage validators directly, interact with external wallets, or navigate complex on-chain steps. You can stake GRAM directly through your Ndax account and participate in the network through Ndax’s custodial staking service.

Earn crypto rewards of up to 10% APY by staking your GRAM on Ndax. 

1. Earn Rewards in Just a Few Clicks 
   Staking on Ndax offers a straightforward way to grow your crypto holdings. With just a few clicks, you can participate in supported networks and earn rewards, no complex setup required.
2. Support the Ecosystem 
   By staking your assets, you play a vital role in enhancing the security and stability of various blockchains.
3. Experience Seamless Security 
   Transparency is key on Ndax. With our robust security measures, your assets are always protected. 

Below is a quick summary of key staking details for GRAM on Ndax. 

Bonding refers to the time required before staking rewards may begin. Unbonding refers to the waiting period before assets become withdrawable after unstaking. Reward rates are not guaranteed and may change. 

With GRAM now supported for staking, Ndax continues to expand access to staking services across a growing range of blockchain networks.

GRAM represents one of crypto’s most active ecosystems focused on scalable applications, payments, and consumer-friendly blockchain experiences. GRAM plays a central role in helping power, secure, and support The Open Network. Through Ndax, Canadians can now participate in GRAM staking through a simple and secure platform built for their needs.

Log in to your Ndax account to explore GRAM staking!

Disclaimer: Staking cryptocurrencies involves risks, including price volatility, potential loss of principal, lock-up periods limiting access to funds, slashing due to validator penalties, and platform or smart contract vulnerabilities. Rewards are not guaranteed and may fluctuate. Only stake what you can afford to lose. Always do your own research.