Coinspeaker TON Foundation Launches 5-Step Society DAO to Enhance Ecosystem Growth
The Open Network (TON) Foundation has taken a significant move towards fostering a more decentralized ecosystem by unveiling its latest governance model, Society DAO. The strategic move empowers community members, allowing them to play an active role in decision-making, resource allocation, and project management within the TON ecosystem.
According to the TON Foundation blog on November 1, Society DAO aims to enhance autonomy and drive growth by shifting away from a centralized foundation model, which can create single points of failure. By decentralizing governance, the foundation seeks to distribute power more evenly across the community, ensuring a more resilient and adaptable network.
“TON Foundation is advancing a community model that redistributes resource allocation power back to the community…. Proven community members are empowered to coordinate vision, goals, and strategies, collectively determining resource allocation in alignment with TON’s overall growth,” said Steve Yun, TON Foundation President and Ton Society co-founder Jack Booth during the Friday announcement.
Society DAO Governance Role in TON’s Growth
Initially, centralization played a vital role in TON’s early growth by providing essential support and resources. As the ecosystem advances, the foundation now sees the value of a flexible, decentralized governance structure. Over the last year, founders leaned heavily on the foundation as a primary funding and support source. However, with growth, a layer 1 governance model now poses limits that Society DAO aims to address.
The foundation envisions a governance structure that fosters decentralization, transparency, inclusion, competition, autonomy, active participation, and resilience. Society DAO aims to build a stronger, fairer ecosystem by democratizing access to financial, social, and human capital.
Society DAO introduces an open-source capital access model, enabling community projects to secure resources transparently, rewarded based on key performance milestones. This model directs funding effectively, ensuring support for initiatives that align with the ecosystem’s larger goals.
Community-Led Growth Initiatives
Society DAO aims to establish TON as a primary platform for real-world cryptocurrency applications, positioning it as the most stable and scalable blockchain. The initiative seeks to expand TON’s developer and user communities across diverse application markets, empowering members to drive growth through structured initiatives within the ecosystem.
Members can propose strategies with defined goals, timelines, and clear outcomes, aligning each proposal with TON’s overarching objectives for sustainable development. Expert-led working groups within the DAO review these proposals, and the TON Foundation funds approved projects. A dedicated community team monitors progress, ensuring each project meets its original goals.
“We envision a governance framework that enhances decentralization, transparency, inclusion, competition, autonomy, participation, and resilience by democratizing access to the financial, socio-political, and human capital,” Yun and Booth added in their announcement.
Society DAO will serve as the central organization for TON’s core ecosystem functions. Founding members include TON Core, which oversees blockchain development, upgrades, and maintenance to uphold network stability and innovation. Additionally, TON Studio will support developers with resources, guidance, and technical assistance for launching decentralized application concepts.
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TON Foundation Launches 5-Step Society DAO to Enhance Ecosystem Growth
