The governance is called Society DAO.
The TON community will be able to submit projects, which will be rewarded for their performance.
The team behind The Open Network (TON) announced the launch of Society DAO, a new governance model designed to democratize access to capital and resource allocation within its ecosystem.
This model, aimed at improving decentralization, transparency, inclusion, competition, autonomy, participation and resilience, becomes the organism orders the core functions of the TON ecosystem.
Society DAO It is composed of several key bodies: the TON Core, responsible for the development, updating and maintenance of the blockchain; the TON Studio, which focuses on the developer experience; the TON Society, which manages community operations; and the Telegram Wallet, which drives payment adoption.
The TON Foundation will support this DAO by reporting on its objectives and performance indicators and strategies, ensuring compliance and providing grants and other resources, they reported.
“Society DAO will grow to include proven and reputable community teams that can propose and execute a plan that supports the ecosystem goals. It will welcome new collaborators in roles such as marketing, app development, technology, stablecoin integration, DeFi, community growth, identity and more. “This model will make the brightest minds in the community the key stakeholders in the growth and adoption of TON.”
TON Foundation.
Society DAO begins to take shape in 2025
By January next year, Society DAO will publish the key initiatives and expected results for the first half of that year, as announced. Next, the society will continue to decentralize“inviting proposals from proven and reputable community teams”:
As explained, successful proposals aligned with the ecosystem objectives can join the DAO as members, becoming major contributors to The Open Network.
On the other hand, they reported that next year Society DAO will “improve its transparency and community-driven approach” by launching a public discussion and voting platform.
“This platform will use the TON Society onchain badges as a reputation marker, empowering active community members to have a voice in decision-making processes,” they say.
They explained from TON that, once the platform is active, DAO members will be backed by real opinions from the active community. “Together, we will cultivate an ecosystem of DAO members that is autonomously self-regulating through collective vision and commitment,” say those involved in Society DAO.
To ensure a decentralized approach, Society DAO is establishing the Competition Principle as a central guideline for allocating all public resources, including financial, social, human, political and incentive programs, TON explained.
From Society DAO they supported: “competition creates decentralization. Competitive environments make it difficult for individual players to master. When an ecosystem depends on multiple actors, it becomes more resistant to failure. If one competitor encounters problems or fails, others can take its place without significant disruption. “Competitive ecosystems lead to greater transparency, as entities are motivated to act in the best interests of users to maintain loyalty.”
TON has been one of the most successful cryptocurrency projects, as reported by CriptoNoticias. Recently, it was reported that the network surpassed 100 million unique users, with a significant increase in activity on the network’s exchanges.
This Society DAO Release aligns with TON’s strategy to strengthen its ecosystem “through more inclusive and effective governance, promising a more decentralized and participatory future,” according to their allegations.
This article was created using artificial intelligence and edited by a human Editor.