Russia charges Durov with terrorism, GRAM token slides
Founder risk is the trade: Durov is now internationally wanted by Russia, and the token that prices him is taking the hit in real time.
Gram is a cryptocurrency associated with The Open Network (TON), a general-purpose blockchain designed to support decentralized applications and digital tokens. Built as a Layer 1 network, TON operates on a Proof of Stake consensus mechanism and is positioned within the broader Ethereum and BNB Chain ecosystems, reflecting its interoperability ambitions across major smart contract platforms. The token functions as the native asset of the network, used for transaction fees, staking, and participating in network governance. TON was developed with a focus on scalability and high throughput, aiming to host a wide range of decentralized services. The project has attracted attention from notable venture firms, with investments from firms such as Animoca Brands, Pantera Capital, and DWF Labs, and it is included in indices tracking major Layer 1 networks. The token was previously known as Toncoin before being rebranded to Gram. It is also classified among assets alleged by some observers to be securities by the U.S. Securities and Exchange Commission, a designation that reflects ongoing regulatory debate rather than a confirmed classification.
Founder risk is the trade: Durov is now internationally wanted by Russia, and the token that prices him is taking the hit in real time.
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TON (The Open Network) is a general-purpose blockchain that allows developers to build decentralized apps and tokens.
Gram (prev. Toncoin) (GRAM) is categorised as: Smart Contract Platform, BNB Chain Ecosystem, Layer 1 (L1).
The official Gram (prev. Toncoin) site is https://ton.org/.
Most recent Gram (prev. Toncoin) coverage: "Russia charges Durov with terrorism, GRAM token slides" — read at /en-US/a/russia-charges-durov-with-terrorism-gram-token-slides.