Let $F_{2}$ be the free group with two generators.
Then $F_{2}=\{\text{odd words}\}\sqcup\{\text{even words}\}$. This gives us a $Z_{2}$ graded structure for $C^{*}_{red} (F_{2})$, in a natural way.
My question:
Is there another $Z_{2}$ graded structure for $C^{*}_{red} (F_{2})$ which is not graded isomorphic to the above $Z_{2}$- graded structure?
Please consider the same question for $C^{*}_{red} (F_{1}) \sim C(\mathbb{S}^{1})$.
Namely: is there a $Z_{2}$ graded structure for $C(\mathbb{S}^{1})$ which is not graded isomorphism to the standard grading structure(decomposition to even and odd continuous functions)?