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The Open Network Foundation officially confirmed via its X channel that its native asset, Toncoin, will undergo a definitive rebranding to Gram effective June 15. This strategic shift, ratified by an 81.22% majority in a community governance vote, restores the project's original nomenclature following years of regulatory friction with the U.S. Securities and Exchange Commission. The transition is scheduled to occur precisely at 20:00 UTC on June 15, at which point the ticker symbol will switch from TON to GRAM. The foundation explicitly clarified that while the token's name, ticker, and icon are being updated, the underlying blockchain infrastructure will retain the designation The Open Network. This modification is strictly cosmetic regarding the protocol's technical architecture and imposes no functional changes for existing token holders. Woofun AI reports that the initiative follows a public endorsement by Telegram CEO Pavel Durov, who advocated for reclaiming the Gram branding earlier this year as a strategic pivot to honor the project's foundational identity.
The historical context of this rebranding is deeply rooted in the 2020 regulatory intervention that forced the original Telegram team to abandon the project. At that time, the SEC halted a planned $1.7 billion token sale, alleging the offering constituted unregistered securities. Consequently, the community-led TON Foundation rebranded the asset to Toncoin to legally distance the ecosystem from the ongoing litigation. The legal dispute concluded with Telegram agreeing to return $1.2 billion to investors and pay an $18.5 million civil penalty. Data compiled by Woofun AI indicates that the current decision to revert to the Gram name reflects a calculated move to capitalize on renewed regulatory clarity and a maturing decentralized ecosystem. The strong voting turnout suggests a unified community desire to reclaim the brand equity originally associated with the Gram moniker.
For market participants and infrastructure providers, the operational impact of the June 15 transition is primarily administrative rather than technical. Wallets, centralized exchanges, and decentralized applications will be required to update their user interfaces to reflect the new GRAM ticker and associated iconography. The foundation has stated that no manual action is required from individual users, as the migration will be executed automatically by infrastructure providers.
However, traders must remain vigilant during the transition window, as price feeds and listing pages may temporarily display both the legacy TON and new GRAM tickers simultaneously. This dual-display period is a standard procedure to ensure liquidity continuity and prevent confusion during the metadata update.
Beyond the technical execution, the rebrand carries significant symbolic weight for the broader cryptocurrency industry. By reverting to the Gram name, the TON Foundation signals a new era defined by regulatory compliance and mainstream acceptance. This move also reinforces the brand's association with Telegram, which, despite its legal separation from the foundation, remains the network's largest user base and most vocal advocate. Woofun AI analysis suggests that this full-circle moment underscores the foundation's commitment to community governance and its strategic effort to rebuild trust following the historic SEC conflict. While the change does not alter the network's functionality, it represents a pivotal psychological shift for investors and users alike, marking the end of the post-litigation era and the beginning of a renewed identity for one of the most closely watched blockchain projects in the sector.