YES! and this is what I am really excited about. Graphene is not another project and let me try to explain you why, but before let me answer your question. The Graphene is a new blockchain and the intention is to have a community vote to approve the move of the Phore coin to Graphne, so the idea is that $PHR will be a token of Graphene.

Graphene is set as a Superior Smart Contract Platform, if you search on medium you will see a post with this subject that explain why the team believes it's better than other blockchains and compares it with others.
Graphene has the potential capacity to process over 100,000 transactions per second, Graphene is a revolutionary Blockchain architecture which makes use of sharding technology and the CASPER consensus protocol. The architecture has been developed using the modern programming language ‘Go’.

"Graphene is a brand new blockchain architecture built with sharding technology and the CASPER consensus protocol. Its key feature is its lightning-fast execution and massive throughput of up to 100,000 transactions per second — making it the scalable solution that the industry needs to grow and meet its potential. Graphene was written “Go” — a minimalistic, high-performance language that executes code at a superior rate to alternatives like Java or Python.
Graphene’s sharding protocol is a conglomeration of different blockchains that work in tandem to expedite transactions. Traditional blockchains have several data types on the chain, but Graphene utilizes what is called “sharding” technology. A “shard” is essentially a mini-blockchain with a certain data type. This also allows GFN developers to dynamically adjust the protocol, adding shards and data types as needed. Multiple shards per data type, adding shards to scale throughput as necessary.
The Graphene network will incorporate a virtual machine capable of executing Turing-complete smart contracts, providing the framework for complex decentralized applications and scaling to meet network demands. Businesses will be able to create custom shards to cater to their needs, developing decentralized applications on their dedicated shard. These shards can be optimized to perform for their various use cases.
Furthermore, Graphene’s sharding architecture will be able to bridge across various smart contract platforms, acting as the “glue” that holds a fragmented DeFi sector together. Graphene smart contracts will use eWASM — an adaptation of the WASM programming language — but will also support other LLVM programming languages such as C++, Rust, etc. making GFN the most inclusive platform available by far. With the possibility that additional shards could be added to support even more languages.
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I will suggest you to join the discord group to understand why Graphene can make a difference in the blockchain world!