TON Foundation launches Society DAO, redefining governance in cryptocurrency ecosystem
With the introduction of the Society DAO, TON is taking steps towards a more decentralised future
The TON community has witnessed significant growth over the past year, with The Open Network (TON) Foundation at the forefront of this evolution. Now, the Foundation is taking a major step towards decentralization with the launch of Society DAO, a governance model aimed at empowering community members to participate in decision-making processes.
Society DAO introduces a competitive, transparent structure that supports TON’s goal of becoming a leader in the blockchain space by decentralizing governance and democratizing resource access.
Since its inception, the TON community has been dedicated to decentralization, with validators and developers working collaboratively to uphold network integrity. The TON Foundation has driven business development while staying true to its commitment to a decentralized and community-first approach. This commitment led to the creation of Society DAO, designed to foster decentralization by providing community members greater control over the ecosystem’s growth and direction.
The new governance model encourages competition and self-regulation, addressing challenges often faced by L1 blockchain networks. Many blockchain platforms rely on centralized foundations that concentrate resources, potentially creating bottlenecks and limiting innovation. The Society DAO’s community-centric approach aims to break down these barriers, enabling teams to succeed independently of the Foundation's direct support.
Principle of сompetition:
One of the primary features of Society DAO is its focus on democratizing access to capital and promoting competition within the ecosystem. By allocating resources through open and transparent mechanisms, Society DAO ensures that projects are rewarded based on performance, allowing them to earn funding and recognition based on merit rather than centralized influence. This system encourages innovation, with multiple teams working within the same category to achieve common goals, resulting in a more dynamic and competitive ecosystem.
The Foundation is also implementing the “Principle of Competition,” which mandates that at least two projects in each category be supported to foster an environment where independent teams can compete on equal footing. This reduces the risk of a single point of failure and enhances the ecosystem’s resilience, as competition drives innovation and ensures that users benefit from a diverse range of solutions.
Society DAO’s initial goals include positioning TON as a gateway to real-world cryptocurrency use cases, establishing TON as a stable and scalable blockchain, and expanding its developer and user community within the super app market. By early 2025, Society DAO will share key initiatives for achieving these goals, inviting contributions and guidance from the community.
With the introduction of Society DAO, TON is making strides toward a more decentralized future, where community members actively shape the ecosystem. This innovative model not only strengthens TON’s structure but also sets the stage for long-term success, bringing the TON community closer to its mission of driving cryptocurrency adoption and transforming the blockchain space.
Recently, we reported that the number of TON blockchain users has exceeded 100 million. This achievement highlights TON's successful efforts to integrate blockchain technology with mass-market platforms like Telegram, which has over 800 million active users.
