Historic Decision for Toncoin from Pavel Durov: This Wallet Will Be Distributed to 1 Billion Users
Telegram CEO Pavel Durov announced that they will carry out the largest distribution of self-custodial crypto wallets in human history this summer, reaching approximately 1 billion users.
The popular messaging app Telegram is preparing for a strategic move that will revolutionize the cryptocurrency world. The company’s founder and CEO, Pavel Durov, announced that they will launch a non-custodial crypto wallet—where control remains entirely with the user—this summer, providing direct access to the platform’s massive user base. This development is seen as one of the largest mass adoption steps in crypto history toward the widespread acceptance of digital assets.
According to Durov’s statement, the ecosystem’s native asset, Toncoin, is being rebranded as GRAM through a strategic transformation. In this process, Telegram has taken the place of the TON Foundation, becoming the main manager and the largest validator of the ecosystem. This change aims to accelerate the app’s crypto vision by managing it within a more corporate structure. Furthermore, the new system plans to offer users zero-fee and instant cryptocurrency transfers.
A New Era in Crypto Adoption: GRAM and 1 Billion Users
Telegram already has a significant base with its existing wallet service, which has reached 150 million registered users. However, the target of 1 billion users in the new era is considered a critical threshold for integrating cryptocurrencies into daily life. Having solidified its place among app icons on smartphones, Telegram aims to transform into a massive financial network, moving beyond being just a messaging tool with this move.
The platform’s crypto journey actually dates back to 2018. The TON project, launched at that time, was halted due to legal proceedings with the United States Securities and Exchange Commission (SEC), and GRAM token sales were suspended. After the years that have passed, Telegram is overcoming these past obstacles, fully taking ownership of the ecosystem and opening a new chapter in the world of digital assets.