The The Open Network community approved renaming its native token, Toncoin (TON), which as of 12:00 UTC on June 15 will be renamed GRAM. The governance proposal closed this past June 8 with an overwhelming 81.22% of votes in favor. It is important to highlight that the blockchain will keep the name The Open Network, so the modification will exclusively affect the asset’s name, logo, and ticker, without requiring migrations or contract swaps by users.
With this change, they restore the ecosystem’s original identity linked to the early days of Telegram, a company that currently consolidates itself as the primary validator for the network’s development. The technical transition of the branding and interfaces across global exchanges and wallets will be executed progressively between June 9 and June 22. Network authorities warned investors that any platform requesting a manual exchange of funds is fraudulent.
The definitive transition from Toncoin to GRAM marks the beginning of the internal initiative “MTONGA“, aimed at boosting the protocol’s infrastructure and technical performance. The crypto market will assimilate this visual change during a three-month transition period.
Source: https://x.com/ton_blockchain/article/2064322586368970830Â
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