Toncoin Officially Becomes Gram: Durov’s Return Erases SEC’s Six-Year Ban

Toncoin Officially Becomes Gram: Durov’s Return Erases SEC’s Six-Year Ban

N
News Editor 01
2026-07-24 07:25:18
On June 15, 2026, Toncoin rebranded to Gram after an 81.22% community vote. Only the name, ticker and logo changed; balances and network remained untouched. Pavel Durov led the move as step four of his ‘Make TON Great Again’ plan, reclaiming the name the SEC forced into exile in 2020.

On June 15, 2026, Toncoin officially became Gram after a community vote passed with 81.22% support. Only the token’s name, ticker (TON → GRAM) and logo changed. Balances, wallet addresses, staking positions and all on-chain applications carried over untouched. The underlying blockchain remains The Open Network (TON). No airdrop, no migration, no action required from holders. Major exchanges such as KuCoin and MEXC auto-converted balances 1:1 and relabeled markets. During a transition period, some platforms show “Gram (prev. Toncoin)” before dropping the parenthetical.

What changed? Almost nothing

Three things changed: name (Toncoin → Gram), ticker (TON → GRAM) and logo. Everything else is identical to June 14. No supply was minted or burned, no tokenomics were altered. The change is purely cosmetic — a label, not an engineering overhaul. For anyone who understood Toncoin, they already understand Gram.

The name Gram carries a long legacy. In 2018, Telegram launched the Telegram Open Network with Gram as its native token, raising roughly $1.7 billion from private investors. In October 2019, the US SEC halted the project, ruling the sale was an unregistered securities offering. Telegram abandoned the network in 2020, refunding over $1.2 billion and paying a $18.5 million penalty. Gram never traded. Independent developers then rebuilt the network under the name Toncoin to distance themselves from the SEC’s target, creating what today is a top-tier blockchain with millions of users and a full DeFi ecosystem. For six years, the name Gram lay dormant.

Durov’s “Make TON Great Again” plan: Step four

In April 2026, Telegram founder Pavel Durov published a seven-step roadmap called “Make TON Great Again” (MTONGA). The first three steps: Catchain 2.0 upgrade cutting finality to under one second; a roughly six-fold fee reduction to a fraction of a cent; and Telegram replacing the TON Foundation as the primary network steward and becoming its largest validator. The Gram rename is step four — a branding capstone on a strategic reversal. Durov explicitly framed it as a return to roots, signaling that Telegram believes the US regulatory climate has shifted and its nearly-one-billion user base can be turned into Gram users for payments, mini-apps and tipping.

The remaining three steps remain undisclosed. The rename is not an endpoint but a waypoint in a broader campaign.

How Gram works — same asset, new label

Gram is the native token of the TON proof-of-stake blockchain. It pays transaction fees (now about $0.0005 per tx), secures the network via staking, and powers all on-chain applications including Telegram mini-apps, payments and DeFi. The Catchain 2.0 upgrade pushed block times to roughly 400 milliseconds and finality to under a second. A trade-off: faster blocks mean more validator rewards, pushing annual inflation from ~0.6% to ~3.6%. Currently about 2.7 billion Gram circulate, with ongoing scheduled releases. For holders, nothing functionally changed. The open question is whether Durov can convert Telegram’s audience into active Gram users — the strategic goal behind the entire rebranding effort.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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