The Open Network (TON) blockchain and its native token Toncoin (TON) will officially rebrand to Gram (GRAM) on June 15th, following an 81.22% community vote. The name 'Gram' was previously associated with Telegram's initial token, which was abandoned due to a legal dispute with the US SEC.
The Open Network (TON) is rebranding its native cryptocurrency from Toncoin (TON) to Gram (GRAM), a name from its initial 2018-2019 iteration. This move, part of Pavel Durov's 'Make TON Great Again' initiative, aims to make TON faster and cheaper, and is expected to take about three weeks.
The Open Network plans to rebrand its Toncoin (TON) token to Gram (GRAM), its original name from the 2018 white paper. The change, driven by Telegram founder Pavel Durov, aims to revive the token and support a Web3 "super app" within Telegram. The transition is expected to take three weeks, with 80% of TON currently pledged in favor of the rebrand.
Telegram is rebranding its Toncoin (TON) token to Gram, its original planned name, signaling a renewed focus on its crypto network plans. The move follows Telegram's increased involvement in The Open Network (TON) and has seen TON's price jump over 13%.
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Toncoin (TON) surged from roughly $1.32 on May 1 to an intraday high of $2.90 by May 7, pushing its market cap to approximately $7.8 billion. The catalyst was Pavel Durov's announcement that Telegram would replace the TON Foundation as the network's primary driving force and become its largest validator within two to three weeks. […] The post TON price doubles after Telegram made a move critics say cuts against crypto’s core promise appeared first on CryptoSlate.
Toncoin has jumped on Pavel Durov's pledge to slash fees to near-zero, with TON meme coins piling on gains of up to 150%.
Toncoin rose 33.8% after Pavel Durov said Telegram would deepen its role in TON, while details on the foundation and validator structure remain unclear.
