The Toncoin and Adoption Metrics
5 min read
•
Nov 7
The TON project was originally launched in 2018 under the Gram name and managed to raise in excess of $1.7 billion in investments. However, the SEC (Securities and Exchange Commission) later interfered and labeled the Gram tokens as securities, forcing the project to reformat and take on a new form. By May of 2020, Gram lost to the SEC in court and had to abandon further pursuit of fundraising. The result was the development of the TON project with a large community following in the blockchain and crypto space.
By that point, Telegram had left the TON project and developers picked up from then on, since the source code of the blockchain wa
