Svmuu Telegram CEO Pavel Durov stated that the native token of The Open Network (TON) will be renamed to Gram, reverting to its original name as outlined in the project's early whitepaper. TON will remain the name of the blockchain network, while Gram will serve as the name of its native currency.
Durov noted that this renaming is the fourth step in the seven-step "Make TON Great Again" plan, and the entire transition is expected to take approximately three weeks. The remaining three initiatives have yet to be disclosed.
Previously announced steps include the TON network upgrade, increased transaction settlement speed, significantly reduced fees, and Telegram's plan to replace the TON Foundation as the ecosystem's primary manager and largest validator.