Binance begins 1:1 TON to GRAM conversion for all users

Binance has officially announced its support for renaming Toncoin to Gram and will automatically convert all TON holdings to the new GRAM token at a 1:1 ratio for its users. The global crypto exchange confirmed that trading, deposits, and withdrawals tied to the old ticker will be systematically migrated to the new GRAM code. This transition represents a major structural change affecting both users and cryptocurrency markets.

Migration schedule clarified

According to Binance’s release, all operations related to TON will switch to the new GRAM ticker between June 23 and July 2. The exchange has also planned to halt legacy TON trading pairs and introduce new spot GRAM pairs in the first days of July. Binance stated that it will directly handle all of the technical requirements for this integration process.

Meanwhile, network-level changes are set to begin even earlier. Following a community vote, 81.22% of TON users backed the initiative to return to the original Gram name. The network update is scheduled to take effect on June 15, and after this date, trading platforms are expected to accelerate their preparations to switch to the new ticker as well.

The original name returns

The decision is notable for its symbolic meaning as well. The project’s origins date back to the Telegram Open Network, created by Telegram founders Pavel Durov and Nikolai Durov. The Gram name was initially proposed for the network’s native asset, and the community vote is now widely seen as a return to that founding identity.

Telegram was forced to withdraw from the project in 2020 following pressure from the U.S. Securities and Exchange Commission (SEC), which oversees the country’s capital markets. Afterwards, the network was handed over to an independent community of developers, and the project continued under The Open Network with its coin rebranded as Toncoin.

Mini glossary: The SEC is the U.S. Securities and Exchange Commission, which regulates securities markets and sometimes asserts authority over certain crypto asset issuances and sales.

Market responses vary

While project supporters interpret this latest decision as a return to the founders’ original branding, the migration process varies across the crypto ecosystem. Major exchanges are gearing up for the name change and token swap, but some platforms are opting for distinctive technical procedures in their approach.

On the decentralized side, the situation is more complicated. In particular, validators on Hyperliquid are set to vote on whether to remove TON from the listing. This stands in contrast to statements by TON ecosystem developers, who maintain the rebranding is purely cosmetic and not a technical overhaul.

As a result, the decision to return to the Gram name is more than just a symbolic move; it initiates a technical alignment process for exchanges, trading systems, and market participants. The coming weeks will reveal how different platforms will adapt to this change.

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