In Brief:
- The Open Network‘s native token is now named Gram, with the ticker changing from TON to GRAM effective June 15, 2026.
- The name change is automatic, with a 1:1 conversion; no additional steps are required from token holders.
- The decision, backed by an 81.22 percent vote, aims to reclaim brand equity associated with the original Gram name.
Token rebranding confirmed
The Open Network has officially rebranded its native token from Toncoin to Gram, a change that took effect at 8:00 PM UTC today. Wallets and exchanges will update the token name and icon accordingly. This switch solely affects branding; holders will see their balances transition seamlessly, retaining a conversion rate of 1 TON per 1 GRAM without any manual intervention.
Community support drives change
The rebranding stems from a community vote that passed with an 81.22 percent majority. This decision reverts to the original Gram name, first introduced during the project’s inception by the Telegram team. Telegram’s CEO, Pavel Durov, endorsed the change as a way to honor the project’s history and recover brand value tied to the Gram identity.
Background on token history
Originally intended as the currency for Telegram’s blockchain platform, the Gram token faced regulatory challenges that led to Telegram exiting the project in 2020. The TON Foundation subsequently renamed the token to Toncoin to distance it from the legal issues. With the SEC case settled, including a $1.2 billion return to investors, the foundation sees this rebranding as unifying the project’s identity.
Clarifying the token’s status
It’s vital to note that this change does not involve migration or new claims. No action is required from users; any requests for users to convert TON to GRAM should be disregarded as fraudulent. During a transitional phase lasting three months, projects will label the token as “Gram (prev. Toncoin)” to prevent confusion, reverting fully to Gram by June 22, 2026.
Exchange adjustments
Exchanges are adapting their procedures for this transition. Binance, the largest exchange in terms of trading volume, confirmed it will delist all existing TON trading pairs at 3:00 AM UTC on June 30, 2026. Trading for the renamed token will commence at 8:00 AM UTC on July 2, 2026, with no required input from holders. Other exchanges like Bybit and KuCoin have set their own timelines and discontinuations of TON trading, all following the same 1 to 1 conversion protocol.
Effects on the gaming ecosystem
The Open Network is a significant platform for casual onchain games, particularly those integrated within Telegram mini-apps. Millions of gamers have interacted with these tap-to-earn features, and the rebranding affects any app referencing the token. However, in practical terms, players and developers will experience minimal disruption; in-game balances and rewards remain unchanged under the 1 to 1 rule.
Guidance for token holders
Most holders will not need to take action as token balances will automatically update once the exchanges implement the new ticker. Taxes related to this change may vary by jurisdiction, but typically, such name changes without swaps do not incur tax liability. Price aggregators will gradually update to reflect the new designation as the transition unfolds.
The TON Foundation affirmed that the ecosystem’s fundamental attributes remain unchanged, with the ticker switching to GRAM today, returning to a name deeply rooted in the project’s history.
