Crypto:
32277
Bitcoin:
$94.887
% 2.70
BTC Dominance:
%58.9
% 0.11
Market Cap:
$3.07 T
% 2.13
Fear & Greed:
83 / 100
Bitcoin:
$ 94.887
BTC Dominance:
% 58.9
Market Cap:
$3.07 T

New Decentralized Governance Model by TON Foundation

Ton

The TON Foundation has announced a new governance model called Society DAO to make its ecosystem more decentralized and community-oriented. The primary aim of Society DAO is to enable the TON community to take a more active role in decision-making, resource allocation, and project management. This model seeks to promote autonomous growth and development within the TON ecosystem.

Society DAO will provide open-source capital access to community projects, aiming to reward them if they achieve key performance indicators (KPIs). In their statement introducing this model, TON Foundation President Steve Yun and Jack Booth, one of the founders of TON Society, said, “We are developing a governance model that restores the power of resource allocation to the community. In this model, respected and experienced community members will be responsible for managing resources in line with TON’s overall growth objectives.”

The TON Foundation acknowledges that a centralized model was effective in the ecosystem’s initial stages of development but emphasizes the limitations of this model for a mature ecosystem like TON. Through this new model, the TON Foundation aims to foster a more transparent, inclusive, competitive, autonomous, and resilient ecosystem by offering more democratic access to financial, socio-political, and human capital.

Worth Reading: What is Toncoin (TON)?

Under Society DAO, community members will be able to propose strategic initiatives, which will include specific goals, timelines, and measurable outcomes. These proposals will be evaluated by DAO members with relevant expertise. Approved proposals will be funded by the TON Foundation, with community teams monitoring progress regularly.

The structure organizing Society DAO’s core functions consists of several key elements that play vital roles in the TON ecosystem. These include TON Core (for blockchain development, updates, and maintenance), TON Studio (providing resources, guidance, and technical support to developers), and TON Society (for community operations and engagement).

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In January 2025, Society DAO will announce its main goals and initiatives for the first half of the year, aiming to gather community feedback. When determining its strategic direction, DAO plans to assess contributions from talented members in areas such as marketing, app development, DeFi, stablecoin integration, and identity solutions.

This new governance model aims to position TON as a gateway to real-world crypto applications, establish it as the most stable and scalable blockchain, and grow the developer and user community within app markets.


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