{
 "id": "the-open-network",
 "symbol": "GRAM",
 "name": "Gram (prev. Toncoin)",
 "archetype": "L1 / Chain",
 "archetype_reason": "category match: 'smart contract platform'",
 "contract": {
  "chain": "the-open-network",
  "address": "EQAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAM9c"
 },
 "price": {
  "price_usd": 1.61,
  "ath_usd": 8.25,
  "ath_date": "2024-06-15T00:36:51.509Z",
  "market_cap": 4375095792,
  "volume_24h": 22155301,
  "price_chg_30d_pct": -4.63276,
  "price_chg_60d_pct": -24.08036,
  "price_chg_200d_pct": 5.06845,
  "coingecko_url": "https://www.coingecko.com/en/coins/the-open-network"
 },
 "provenance": {
  "batch_date": "2026-07-14",
  "bagcheck_version": "0.17.1",
  "snapshot_id": "2026-07-14 v16",
  "label": "scored monthly \u00b7 batch of 2026-07-14"
 },
 "refused": false,
 "reclaim": {
  "severity": "DEEP",
  "line": "Down 81% from ATH \u2014 reclaiming it needs 5.1\u00d7 from here. Historically ~18% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 80.6,
  "reclaim_multiple": 5.1,
  "base_rate_label": "down 70-85%",
  "base_rate": 0.18,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 5.1\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 53.5,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": false,
  "confidence": "HIGH",
  "confidence_detail": "measuring 6 of 6 factors (100% of the weight that matters for a L1 / Chain asset)"
 },
 "bottom_line": "Down 81%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~18%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.22,
   "status": "measured",
   "score": 72.5,
   "detail": "7 commits/4wk, 66 contributors, last commit 0d ago \u2014 actively developed.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.2,
   "status": "measured",
   "score": 40.3,
   "detail": "holders -386/30d (-1.0%, Bin 1/10 vs 169 L1 / Chain peers), 22% of supply in profit (Bin 8/10 vs 38 L1 / Chain peers), 30d exchange netflow -0.06% of supply (Bin 7/10 vs 38 L1 / Chain peers), data lagged 31d (provider tier) \u2014 holder base is holding steady. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 61.0,
   "detail": "$22,155,301/24h (Bin 9/10 vs 308 L1 / Chain peers), 0.51% turnover (Bin 3/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.18,
   "status": "measured",
   "score": 41.0,
   "detail": "118 active addresses/day (Bin 7/10 vs 91 L1 / Chain peers), 30d trend -56.6% (Bin 1/10 vs 53 L1 / Chain peers), data lagged 31d (provider tier) \u2014 usage is holding. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 30.0,
   "detail": "52% of supply circulating (Bin 4/10 vs 310 L1 / Chain peers), FDV/MC 1.9x (Bin 3/10), no max supply \u2014 meaningful dilution still to come \u2014 uncapped supply (perpetual emission risk, capped).",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 75.0,
   "detail": "30d -5% (Bin 6/10 vs 310 L1 / Chain peers), 200d +5% (Bin 10/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}