Telegram's TON to rebrand as Gram on June 15

The Open Network Foundation (TON) announced on its official X account that it will rebrand its native token from Toncoin to Gram, effective June 15. The move was approved with 81.22% of the vote. Consequently, the ticker will change from TON to GRAM. The change will take effect at 8:00 p.m. UTC on June 15. The foundation explained that while the blockchain itself will remain The Open Network, only the token's name, ticker, and icon will be updated. This follows a recent declaration by Telegram CEO Pavel Durov to rebrand the token back to its original name, Gram, which was abandoned due to past regulatory conflicts with the U.S. SEC.