TON rebrands its Gram token, with Telegram's CEO stating the network is "returning to its roots."

CoinFeed reported on June 2nd that, according to The Block, Telegram CEO Pavel Durov announced that The Open Network's (TON) native cryptocurrency will be renamed Gram, restoring the name from the project's original white paper, as part of his "Make TON Great Again" initiative. Durov stated that this is "a return to the roots, a new chapter." TON will remain the blockchain name, while Gram will become the native currency name, with a transition period of approximately three weeks. This renaming is the fourth step in Durov's seven-step MTOGA plan, which has already included network upgrades (claiming "ten times faster"), a reduction in transaction fees by approximately six times, and the announcement that Telegram will replace the TON Foundation as the primary administrator and largest validator of the ecosystem.