TON jumps 15% as The Open Network plans rebrand to Gram

Telegram founder Pavel Durov says it is “returning to our roots — and starting a new chapter” by rebranding Toncoin to Gram.

The Open Network says it is planning to rebrand its Toncoin (TON) token to Gram (GRAM), the original name of the network’s cryptocurrency in its first white paper.

“Gram was the original name of TON’s currency in the first white paper,” Telegram and TON founder Pavel Durov posted to Telegram on Monday. “We’re returning to our roots — and starting a new chapter.”

The rebranding will “pave the way for what comes next,” and the transition will take around three weeks, he added. 

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