TON rose after Telegram founder Pavel Durov said the network’s native token would return to its original name, Gram.
summary
- Toncoin will be renamed to Gram, restoring the original identity of the token as defined in TON’s first whitepaper, Pavel Durov said.
- TON rose 18.75% to $2.19 after traders reacted to the rebranding and the stronger role Telegram plays in the ecosystem.
- Durov said the rebranding would take about three weeks and would not require any code swap.
According to Durov, Gram was the original name of the token in TON’s original whitepaper, while TON will remain the name of the blockchain network. The planned change will result in the coin being disconnected from the network and the associated branding returned cable Early blockchain plans.
the advertisement It triggered a sharp market move on June 1. TON rose 18.75% over 24 hours to $2.19, as traders responded to the return of Gram’s identity and Telegram’s growing role in the ecosystem. The renaming process should take about three weeks, Durov said.
There will be no need to exchange the token. User balances, storage positions and network activity will remain unchanged during the process, Durov said. So the update is a brand change and not a technical migration.
Gram’s name returns after years of absence
The name Gram carries a long history for Telegram’s blockchain project. Telegram first introduced Gram during its original blockchain initiative, which attracted significant interest from investors before running into legal troubles in the US.
the US Securities and Exchange Commission The company challenged the project in 2020, and Telegram later backed away from direct control of the network. After this dispute, community developers continued to build the blockchain under the name TON.
Durov’s latest announcement returns the coin to the name used before the regulatory dispute. However, he said that the blockchain itself will continue to use TON, maintaining a clear division between network and token.
Telegram is deepening its blockchain push
The rebrand comes as Telegram increases its involvement in TON-related products and infrastructure. Durov described the effort as part of a campaign called “Make TON Great Again,” which he said includes more changes to the ecosystem.
Network fees have also been reduced, while infrastructure upgrades have been introduced across the TON ecosystem. Telegram has continued to add blockchain-based features to its products, enhancing the network’s connection to the messaging platform’s large user base.
return gram It also gives Telegram and TON a simpler naming structure. Many major blockchain networks use one name for the chain and another for the currency, and Durov’s announcement brings TON closer to that model.
The token’s 18.75% gain indicates the quick response from traders following Durov’s statement. TON traded at $2.19 following the announcement, with market activity focused on the restored Gram name and Telegram’s role in the network’s future.
Durov did not describe the rebranding as a token relaunch. He said the change would not affect ownership records, staking or network operations, which could help reduce confusion among current owners.
