# Gram (prev. Toncoin) review: Trust Score 30/100 (Caution)

Source page: https://vaultx.llc/reviews/gram-prev-toncoin · independent VaultX review by Rex · updated 2026-11-09

Caution: original Gram token was halted by the SEC; GRAM has no verified team, tokenomics or roadmap.

The original Telegram Gram token sale was halted by the U.S. SEC in 2019, and a 2020 settlement required Telegram to return over $1.2 billion to investors and pay an $18.5 million penalty. Current GRAM coverage is fragmented: secondary sources describe a seven-step roadmap and a native wallet rollout, but a Telegram post labelled official says GRAM has no owner, defined tokenomics or roadmap, and no legal entity, funding figure or verified team beyond Pavel Durov was found. GRAM trades on major market-data sites and is highly sensitive to Telegram announcements, with reported prices around $1.0089 on 2026-11-09.

**Red flags**
- A Telegram post labelled official says GRAM does not have an owner, defined tokenomics or a roadmap
- SEC enforcement history: the original Grams offering was halted and Telegram was ordered to return over $1.2 billion to investors
- Original Gram launch was delayed and ended, per independent coverage citing Pavel Durov's comments about U.S. regulatory pressure
- No legal entity, jurisdiction or founders beyond Pavel Durov were identified in the research
- No reported funds-raised figure for the current GRAM project was found
- Price reported at $1.0089 on 2026-11-09, roughly 88% below the all-time high of $8.25 cited by 247wallst

**Green flags**
- Independent publications (Gram News, VIEW) cover the project and state they are not affiliated with Telegram or the TON Foundation
- GRAM trades on major market-data platforms such as CoinMarketCap and Yahoo Finance
- No GRAM-specific hack, exploit or audit failure was found in the research
- No regulator warning or enforcement action naming GRAM was found in the regulators checked (FCA, VARA, FSA Seychelles, ASIC, U.S. state regulators)

**Sources**
- coinbird.com https://www.coinbird.com/cryptocurrencies/gram/news
- coinmarketcap.com https://coinmarketcap.com/cmc-ai/gram/latest-updates/
- app.blockworks.com https://app.blockworks.com/projects/gram/disclosures
- crypto-economy.com https://crypto-economy.com/gram-rallies-as-telegram-expands-access-to-its-crypto-wallet/
- coinmarketcap.com https://coinmarketcap.com/cmc-ai/gram/price-prediction/
- admiralmarkets.com https://admiralmarkets.com/education/articles/shares/ton-crypto-gram-price-outlook

Not financial advice. Nobody can pay for a VaultX review.

---
VaultX: free crypto news and intelligence, https://vaultx.llc