The TON Foundation Has Officially Launched as a Non-Profit in Switzerland

Zug, Switzerland, September 6th, 2023 – Chainwire

The Open Network Foundation (TON Foundation), dedicated to enhancing the growth of The Open Network (TON), has proudly announced its establishment as a non-profit organization headquartered in Switzerland. This country is well-regarded for its legacy of technological breakthroughs spanning various fields, coupled with its clear-cut regulatory landscape for blockchain and cryptocurrency. This legal clarity is essential for the TON Foundation as it strategizes and executes its mission to foster a thriving TON ecosystem.

Steve Yun, President of TON Foundation, expressed, “This signifies a new era for the Toncoin community. Our commitment to serving the community means that we will uphold robust governance and transparency in accordance with Swiss regulations.”

As the TON Foundation sets up its operations in Switzerland, it aligns with a host of forthcoming projects, including a strategically crafted series of partnerships aimed at attracting developers, boosting user engagement, and facilitating network expansion. By the end of 2023, the Foundation is set to unveil a publicly accessible roadmap on its newly launched website, aimed at educating the public, empowering developers, and nurturing the growth of the TON ecosystem. www.ton.foundation In conjunction with this launch, the Foundation pledges to issue comprehensive transparency reports that will meticulously lay out the tokenomics of Toncoin and detail the historical distribution of tokens. These documents will provide insights into aspects like token issuance, allocation for partnerships, developmental strategies, community incentives, and the financial breakdown covering operational costs and ecosystem growth.

Owing to its dedication to transparency, the TON Foundation plans to host an annual event named Gateway, where it anticipates engaging directly with the TON community. We warmly invite our community and stakeholders to join us at Gateway for an opportunity to engage in meaningful discussions and collaborative initiatives in areas like privacy, ownership, finance, gaming, collectibles, and much more.

The Open Network Foundation (TON Foundation) is a community-driven non-profit organization that plays a pivotal role in supporting The Open Network (TON). Funded entirely by the community, the Foundation is committed to achieving the overarching goals of the TON ecosystem.

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The Open Network (TON) aims to democratize cryptocurrency access by creating a Web3 environment within Telegram Messenger, empowering billions to take control of their digital identities, personal data, and assets. For more information, visit this site. Official Website Linkedin Twitter Telegram

About The Open Network (TON)

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