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TON Foundation announces new governance model Society DAO

TON Foundation announces new governance model Society DAO

CointimeCointime2024/11/01 08:55
By:Cointime

On November 1st, according to the official blog, the TON Foundation announced the launch of a new governance model, Society DAO, aimed at promoting decentralization and enhancing its growing ecosystem. Society DAO will become the organizational structure for core ecosystem functions, with founding members including: TON Core (core development, upgrades, and maintenance of the blockchain), TON Studio (developer experience), TON Society (community operations), and Telegram Wallet (payment method).

The operating mode of Society DAO is as follows: Society DAO will release TON ecosystem goals; DAO members can propose relevant strategies, expected time limits, and specific key results to achieve ecosystem goals; relevant DAO members will evaluate proposals from various specialized working groups; after DAO approval, the foundation will provide funding for the plan, and the community team will be responsible for progress and performance.

The initial goals of Society DAO include: positioning TON as a gateway for real-world cryptocurrency use cases; building TON as the most stable and scalable blockchain; and developing developer and user communities in the super application market.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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