Open Network Foundation ($t) has confirmed through its official X account that its native token, Toncoin, will be officially rebranded to Gram on June 15th. The decision, approved by 81.22% of the community vote, marks a return to the token’s original name, which was abandoned during a past regulatory dispute with the U.S. Securities and Exchange Commission (SEC).
Rebrand details and schedule
According to a statement from the foundation, the ticker will change from . $t The foundation clarified that blockchain itself will continue to be referred to as an “open network.” Only the token’s name, ticker, and icon are updated. This change does not affect the network’s underlying technology or existing token holders.
The move follows a recent declaration by Telegram CEO Pavel Durov, who publicly advocated returning the token to the original Gram brand. Durov’s statements earlier this year signaled a strategic shift to restore the project’s earlier identity, which was shelved in 2020 after the SEC halted Telegram’s 1.7 billion gram token sale due to an unregistered securities offering.
Background: From Gram to Toncoin and vice versa
The Gram token was originally conceived as the native currency of Telegram’s blockchain platform. $TON. However, after SEC intervention, Telegram abandoned the project in 2020, and a community-driven $TON The foundation rebranded the token to Toncoin to distance itself from the legal battle. The SEC lawsuit was eventually settled, with Telegram agreeing to return $1.2 billion to investors and pay an $18.5 million civil penalty.
Now, with new regulatory clarity and a growing decentralized ecosystem, the Foundation sees rebranding as a way to move forward while still respecting the project’s roots. This vote, which received strong support from the community, reflects a desire to reclaim the original brand equity associated with the Glam name.
Market and community impact
For token holders, the rebranding is largely cosmetic. Wallets, exchanges, and decentralized applications will need to update their interfaces to reflect the new ticker and icon. The Foundation states that no action is required from users as the migration will be handled automatically by the infrastructure provider. However, traders should note that both tickers may temporarily appear on price feeds and listing pages during the transition period.
The rebrand also has symbolic weight. Returning to the gram name, $TON The Foundation marks a new chapter in regulatory compliance and mainstream acceptance. It will also strengthen the brand’s ties to Telegram, which, despite its legal separation, remains the network’s largest user base and most prominent supporter.
conclusion
The June 15 rebranding of Toncoin to Gram represents a full-circle moment for one of the hottest blockchain projects in the cryptocurrency space. Although this change is largely symbolic, it emphasizes that: $t The Foundation’s commitment to community governance and efforts to rebuild trust following the SEC dispute. Investors and users should prepare for the ticker update, but it is not expected to disrupt network functionality.
FAQ
Q1: Will my Toncoin tokens be automatically converted to Grams?
yes. Rebranding will occur automatically. No action is required by token holders. Exchanges and wallets will update their tickers and icons on June 15th at 8pm UTC.
Q2: Why did this happen? $t Has the Foundation decided to rebrand its name back to Glam?
This decision was the result of a community vote, with 81.22% approving the change. This also coincides with Telegram CEO Pavel Durov’s public support for returning to the original Gram name, which was abandoned after a 2020 SEC lawsuit.
Q3: Will the rebranding affect blockchain and smart contracts?
no. Only the token’s name, ticker, and icon will change. The open network blockchain remains unchanged and all smart contracts, dApps, and balances will continue to function normally.
