TON Rebrands Native Token As Gram, Reviving Original White Paper Name
Toncoin’s native token has rebranded to ‘Gram’ as a part of the newest step in Pavel Durov’s “Make TON Great Again” roadmap.
Toncoin’s Native Token Is Now Called Gram
In a brand new post on Telegram, Pavel Durov has shared particulars associated to a rebranding of the native token of the Toncoin community. The asset is about to see a reputation change to Gram, with the transition interval anticipated to take about three weeks.
Durov is the co-founder and CEO of Telegram, and one of many greatest backers of TON. In the blockchain’s early days, its full kind even stood for the Telegram Open Network, with the Telegram workforce dealing with its growth. Telegram’s official involvement with the token, nevertheless, ended again in 2020 following a authorized dispute with the US Securities and Exchange Commission (SEC).
After Telegram pulled out, the ecosystem rebranded itself to The Open Network and growth was handed off to impartial contributors. While the messaging big ended its involvement within the mission, it didn’t break all ties. In 2023, Telegram built-in a pockets based mostly on the blockchain to its official app.
Durov himself additionally remained a supporter of the mission. This yr, the Telegram CEO kickstarted the “Make TON Great Again” (MTONGA) initiative, which goes to have a complete of seven steps. The first two steps of the roadmap went into motion in April and supplied upgrades to the community’s transaction velocity and costs.
The third step, introduced in early May, noticed Telegram formally re-enter the image after a six-year absence, changing the TON Foundation because the driving pressure behind the ecosystem. The messaging firm additionally grew to become the community’s largest validator.
“Telegram changing into TON’s largest validator strengthens decentralization,” mentioned Durov in an X post a day after saying the transfer. “It lets different main gamers be part of the validator pool with out centralizing the community — with Telegram because the counterbalance.”
Now, the Telegram co-founder has unveiled the rebrand to the identify Gram because the fourth checkpoint within the MTONGA plan. This change, which solely applies to the blockchain’s native token, will carry again the asset’s unique identify from its first white paper. The new web site for the token gives a teaser of a recent brand for the cryptocurrency.
“We’re returning to our roots — and beginning a brand new chapter,” famous the Telegram co-founder. “This rebranding will pave the way in which for what comes subsequent.” There are three extra steps left within the MTONGA roadmap, however it solely stays to be seen what they may carry to the community.
Gram Price
At the time of writing, Gram is buying and selling round $2.02, up over 5% within the final seven days.