The Open Network Foundation (TON Foundation) has made a significant move in its mission to support The Open Network (TON) by officially launching as a Swiss non-profit organization. Switzerland's reputation for technological innovation and its well-defined legal framework for blockchain and cryptocurrency have made it an ideal choice for TON Foundation's headquarters. In this blog post, we'll explore the reasons behind this strategic decision, the benefits it brings to the TON ecosystem, and the Foundation's commitment to transparency and community engagement.
Switzerland: The Hub of Technological Innovation
Switzerland has a rich history of technological innovations across various industries, making it a natural choice for TON Foundation's new home. From precision engineering to cutting-edge research, Switzerland's tech prowess aligns with TON's vision for a thriving digital ecosystem.
Regulatory Clarity for Blockchain and Cryptocurrency
One of the key reasons for TON Foundation's move to Switzerland is the country's clear and precise legal framework surrounding blockchain and cryptocurrency. This regulatory clarity provides a solid foundation for the long-term planning, strategy, and execution of TON Foundation's mission.
TON Foundation's Vision and Mission
Steve Yun, President of TON Foundation, emphasizes the dual advantage that Switzerland offers—credibility and strategic opportunities. The Foundation's mission is to support The Open Network's growth and sustainability, and Switzerland plays a pivotal role in achieving this goal.
Roadmap for Sustainable Growth
By Q4 of 2023, TON Foundation will unveil a publicly available roadmap on its website, www.ton.foundation. This roadmap will guide the Foundation's efforts in educating the public, empowering developers, and expanding the TON ecosystem. It will include details on enterprise partnerships, developer acquisition, user participation, and network growth initiatives.
Commitment to Transparency and Community Engagement
In its new Swiss headquarters, TON Foundation is committed to providing detailed transparency reports. These reports will comprehensively outline the tokenomics of Toncoin and the historical distribution of tokens. Additionally, the Foundation will host an annual event called "Gateway" to engage with the TON community directly, fostering discussions and collaborations across various aspects of the ecosystem.
In Summary
TON Foundation's move to Switzerland marks a significant step toward achieving sustainable, long-term growth for The Open Network. The country's technological expertise and regulatory clarity position it as an ideal base for the Foundation's mission. With a commitment to transparency, community engagement, and a well-planned roadmap, TON Foundation is poised to strengthen and expand The Open Network, putting crypto in every pocket.