Summary
Ketju does not approve Tonstakers (tsTON): its own terms bar US persons. TON’s native token has also taken back the name tied to the SEC’s case against Telegram. Tonstakers’ Terms of Service state that “individuals residing in, citizens of, or entities registered in the United States are explicitly prohibited from using this Interface.” The terms use England and Wales law, require binding LCIA arbitration, and add that the operator “and the Interface are not under the active supervision of any government agency or financial regulatory authority.” On 2026-06-15, after a community vote, TON’s native token was renamed “Gram,” the name used in Telegram’s 2018 token sale. The SEC sued over that sale as an unregistered securities offering, and Telegram settled in 2020 by paying $18.5M and returning $1.2B to investors. The community then renamed the coin “Toncoin” to put distance between it and that history, and Tonstakers has already adopted “Gram.” No public document names the company that runs Tonstakers, and tracked TVL is down roughly 49% from its January 2025 peak.
Review triggers
- Tonstakers lifts its prohibition on US persons; while it stands, Ketju does not approve Tonstakers whatever else it finds
- A named legal entity, jurisdiction, and current audit are disclosed, should the US prohibition ever be lifted
- Counsel independently assesses what the Gram rename means for TON-denominated products under securities law
- TVL and share of network stake stabilize after the documented drawdown
Facts
- Verdict
- Not approved
- Type
- Staking
- Chains examined
- TON
- Instruments
- TSTON
- Reviewed
- Last confirmed