A Return to Telegram’s Original Vision

     Recently Telegram founder Pavel Durov announced that Toncoin (TON) is being renamed to Gram (GRAM). When Telegram first launched its crypto project in 2018, the coin was originally designated as ‘Gram’ in its whitepaper; consequently, this move is being referred to as a ‘rebranding’.

No Action Required from Hodlers

     Only the name of the token (coin) is changing; the name of the blockchain itself will remain ‘The Open Network’ (TON). The entire branding transition process is expected to be completed within three weeks. Furthermore — anticipating that hackers will inevitably attempt to trick users into performing “upgrades” or “claims” through various means — a warning has already been issued in advance. This is a fully automated process that requires no technical token swap; the balances held by users across exchanges, wallets, and applications will automatically update to reflect the new name and the ‘GRAM’ ticker symbol. Therefore, holders should encounter no issues regarding this change.

‘Make TON Great Again’ Roadmap

     The market is currently reacting positively, as Pavel Durov has identified this change as the fourth stage of his 7-step roadmap titled ‘Make TON Great Again’. The preceding three stages involved the implementation of the following changes:
Increasing the blockchain’s speed tenfold via the Catchain upgrade.
Reducing transaction fees by approximately six times.
Telegram itself becoming the primary operator of the network.
Only time will tell how the market ultimately absorbs this development.