Why are exchanges delisting $TON and then listing $GRAM?

Many have started building various conspiracy theories — that this is done at Telegram's request to make the event more grandiose and start the chart from zero.
But it's much simpler than you think:
> a ticker change is an event that requires procedural closure of old orders. This is written in technical reporting documents.
> all exchanges operate by a single standard. You can check for yourself: major exchanges did this back in 2022.
> in exchange systems, TON and GRAM are two different assets with different identifiers. You can't just rename the ticker — it would cause problems with audit trails, regulatory reports, and transaction history.
> futures contracts are legally tied to an asset named TON. If the asset changes its name, the old contract ceases to exist. That's why the exchange is forced to close all positions and perform an automatic settlement.
> the delisting isn't needed for the token (that one is fine), but to "reset" the complex financial products attached to the old TON ticker — futures, margin trading, loans, and bots.
So don't build illusions. Just know: $GRAM is coming back to become great! 🔥