The TON Foundation has recently rolled out the Society DAO governance framework, marking an important step in TON's quest for decentralization.
In Brief
The introduction of the Society DAO governance model by the TON Foundation aims to serve as the central coordinating entity for the ecosystem's operational functions.
The organization is tasked with promoting initiatives in the ecosystem. The Open Network (TON) blockchain, TON Foundation The Society DAO has been introduced as a novel governance model.
This governance structure is crafted to foster decentralization, transparency, inclusion, competitive spirit, autonomy, engagement, and resilience by democratizing access to resources such as financial, socio-political, and human capital.
Acting as the central body for vital ecosystem activities, Society DAO will include foundational members like TON Core, responsible for key developments and blockchain maintenance; TON Studio, dedicated to the developer experience; TON Society, overseeing community operations; and Telegram's Wallet, which aids in the broader adoption of payments.
The TON Foundation The DAO will facilitate its functions by tracking its objectives, key performance indicators (KPIs), and strategies, ensuring regulatory adherence while also offering grants and other essential resources. Society DAO seeks to grow by integrating established and trustworthy community teams capable of proposing and implementing initiatives that align with the ecosystem's aims. Additionally, it will embrace new contributors across various sectors, including marketing, application design, technology, stablecoin integration, decentralized finance (DeFi), community development, identity verification, and more.
Society DAO is set to outline its objectives, TON ecosystem allowing members to suggest relevant strategies complete with tangible, time-sensitive key results to meet these goals. Furthermore, appropriate members will evaluate proposals within dedicated working groups. Once proposals receive DAO approval, the Foundation will allocate funds for them, while the community team will oversee the trajectory and efficacy of these initiatives.
Society DAO has set ambitious objectives for the TON ecosystem, focusing on creating a significant impact in the real world by 2025.
Among the initial targets is to position TON as the go-to platform for real-world cryptocurrency applications, ensuring it stands out as the most stable and scalable blockchain, while expanding the developer and user base within super application markets. Society DAO intends to publicly communicate key initiatives and anticipated outcomes for the first half of 2025 by January of the same year.
Furthermore, in 2025, Society DAO plans to boost its transparency and community-centric approach by launching a public debate and voting platform. This innovative platform will use on-chain badges from TON Society as a measure of reputation, giving active community members a voice in key decision-making processes. Once up and running, this platform will keep DAO members updated through authentic community feedback.
Overall, Society DAO is striving to elevate the TON community for enhanced competitiveness, decentralization, and resilience. Its ultimate aim is to construct a trustworthy and scalable organizational framework. As this governance model proves its effectiveness, it's expected to cultivate a self-sufficient community capable of collective endeavors.
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