Durov renames Toncoin to GRAM; Telegram launches Apple Watch app

Pavel Durov said the token formerly known as Toncoin will be renamed GRAM after a governance vote that received 81.22% support. The rebrand takes effect on June 15, and exchanges and ecosystem projects expect full consistency by June 22. Telegram also rolled out a fully native Apple Watch app.

The blockchain will retain the TON identifier. Token holders are not required to swap, bridge or claim anything: balances, smart contracts, NFTs, staking positions and DeFi allocations will carry over automatically. The three-week transition does not require technical changes to wallets, contracts or protocols.

Durov listed the rename as step four of the “Make TON Great Again” roadmap. Earlier milestones on the roadmap included Catchain 2.0, which introduced sub-second transaction finality, and a sixfold reduction in network fees to near-zero levels. Telegram became the network’s largest validator earlier this year. Three remaining roadmap steps remain undisclosed.

The GRAM name traces back to Telegram’s 2018 whitepaper for a native token. That original project was halted after a U.S. Securities and Exchange Commission enforcement action that led to roughly $1.7 billion in investor refunds. A community-led rebuild subsequently produced Toncoin under the TON Foundation.

Telegram’s Apple Watch app restores messaging on watchOS and supports text messaging, voice notes, GIFs, video playback, stickers and location sharing from the wrist. The app was announced on X and replaces earlier watchOS versions that were discontinued years ago.

At the time of reporting the token trading under the GRAM name was priced at $1.66, down 7.14% over the prior 24 hours and about 30% lower over the past month. Market capitalization stood at roughly $4.43 billion. The asset had surged after Durov’s announcements in May and later gave back some gains ahead of the rebrand.

The rebrand becomes effective June 15, with exchanges and projects planning to align representations by June 22.