In short
- Telegram CEO Pavel Durov stated that Toncoin (TON) might be rebanded as Gram, the coin’s unique deliberate title.
- Durov stated in Could that Telegram would take the reins from The TON Basis as the first driver behind the community.
- Telegram developed the unique plan for the community, however deserted it in 2020 as a consequence of a dispute with the SEC.
Years after abandoning its crypto community plans within the face of regulatory scrutiny, Telegram has taken management of The Open Community—and now plans to embrace the unique deliberate title for the Toncoin (TON) token.
On Monday, Telegram CEO and co-founder Pavel Durov wrote on his official channel that Toncoin might be rebranded as Gram, the unique proposed title for Telegram’s native token earlier than the mission was scrapped and brought over by group builders.
“Gram was the unique title of TON’s forex within the first white paper,” he wrote. “We’re returning to our roots—and beginning a brand new chapter. This rebranding will pave the best way for what comes subsequent.”
Durov stated that The Open Community will retain its TON branding, regardless of the token title shift, and that the method would take about three weeks. He known as it the newest step in a course of dubbed “Make TON Nice Once more.”
The largest earlier step was arguably Durov’s Could announcement that Telegram itself would “[replace] the TON Basis because the driving drive behind TON and [become] its largest validator.” The community additionally slashed transaction charges and boosted the block charge to course of transactions extra quickly.
The market appeared to reply positively to Durov’s announcement, with the worth of TON leaping greater than 13% within the final day to a latest worth of $2.12. It rose as excessive as $2.26 earlier within the day.
On the present worth, TON is up about 58% within the final month, however continues to be down about 74% from a peak worth of $8.25 set again in 2024 throughout the Telegram crypto gaming craze that spawned short-lived hits like Hamster Kombat and Notcoin.
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