Gram (prev. Toncoin) (GRAM) price, chart and history
Gram (prev. Toncoin) is $1.49, down 3.85% in the last 24 hours. Market value $4.20 billion, rank #32.
About Gram (prev. Toncoin)
Gram, known until June 2026 as Toncoin (ticker TON), is the native coin of TON, a blockchain closely tied to the Telegram messaging app. It pays transaction fees, is staked by the computers that run the network, and is used to vote on network changes. Many people meet it through the wallet built into Telegram, where it can be sent to friends, used to buy Telegram services such as ads and Stars, or spent inside Telegram mini apps.
The design comes from Telegram founders Pavel and Nikolai Durov, who planned a network with a coin called Gram and raised about $1.7 billion from private investors in 2018. The US Securities and Exchange Commission sued, saying the sale was an unregistered securities offering, and Telegram gave up the project in 2020, returning most of the money. Independent developers then relaunched the open-source code as The Open Network, supported by the TON Foundation. Telegram later embraced it again, and in June 2026 holders voted to restore the original Gram name.
TON is secured by proof of stake, where validators lock up coins to earn the right to confirm transactions. It splits work across many parallel chains, called shards, that grow or shrink with demand, aiming for fast, cheap payments at large scale. Critics point to heavy reliance on one company, Telegram, and on its founder's legal troubles, a token supply that was highly concentrated among early miners, and past outages in which the network stopped producing blocks for hours.
- Original design
- Nikolai and Pavel Durov (Telegram), later developed by the independent TON community and TON Foundation
- Also known as
- Toncoin (TON), renamed Gram (GRAM) on June 15, 2026
- How it's secured
- Proof of stake (it used an initial proof-of-work distribution phase from 2020 to 2022)
- Supply
- 5 billion coins at the start, with a small number of new coins created with each block as validator rewards