TON Foundation Debuts Society DAO Governance Model 

• The TON Foundation has launched a new governance model.
• The model aims to foster decentralization.
• Certain users will contribute to the model’s goals.  

The Swiss non-profit organization TON Foundation has launched its new governance model to foster a mode decentralized ecosystem on The Open Network (TON).

The governance model, Society DAO, advances the TON Foundation’s Community Model, which seeks to redistribute resource allocation power back to users. The foundation said the approach would empower “respected and proven” community members to coordinate vision, goals, and strategies collectively in alignment with TON’s overall growth.

TON’s Society DAO

According to a blog post on November 1, the TON Foundation’s Society DAO has launched with four founding members, including teams that previously operated independently but were aligned with TON’s mission. These include TON Core, TON Society, Wallet in Telegram, and the recently launched developer platform TON Studio.

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In addition to proven and reputable community teams that can propose and execute objective-centered plans, the Society DAO will constitute new contributors across diverse verticals, such as decentralized finance (DeFi), marketing, stablecoin integration, and technology to make the community’s innovative minds the “key stakeholders” in TON’s growth and adoption.

Society DAO’s initial goals include positioning TON as the “gateway” to real-world crypto use cases and pushing the network to become the most stable and scalable blockchain. The DAO is also tasked to grow the developer and user community in Super App Markets.

“Society DAO positions the TON community on the right trajectory to become more competitive, decentralized, and resilient. Overall, it aims to create a robust and scalable organizational structure. As this model continues to be proven further, it will lead to an autonomous community capable of collective action,” the post read.

The TON Foundation said the DAO would employ the “principle of competition” as a core guideline for allocating public resources to bolster decentralization. The principle requires at least two projects to compete in the same category for financial, social, human, or political capital and incentive support.

Stay updated on OKX Venture’s $10M Fund to Boost TON:
OKX Ventures Launches $10M Telegram Fund to Boost TON

Read about TON Accelerator’s incubation program for crypto startups:
TON Accelerator Debuts Incubation Program for Crypto Startups on TON