Key Takeaways:
- TON Foundation’s Swiss launch supports TON’s growth with a focus on innovation and regulatory clarity.
- The Foundation plans strategic partnerships and transparency reports to enhance the TON ecosystem.
- Readers can join the TON community at the annual “Gateway” event for collaborative discussions on various domains.
As an ode to developments in the crypto-sphere, The Open Network Foundation (TON Foundation) has announced its official launch as a non-profit association supporting the growth of The Open Network (TON). The Swiss non-profit organization has taken a bold step towards innovation and technology, and we have all the intricate details figured out. Read on to find out more.
The Swiss Non-Profit
Switzerland has a renowned history of technological advancements in various sectors and is particularly celebrated for its well-defined legal framework regarding blockchain and cryptocurrency. This regulatory clarity has played a crucial role in the TON Foundation’s mission to support the TON ecosystem with long-term planning and strategy.
According to Steve Yun, President of the TON Foundation, “This marks a new chapter for the TON community. At the service of our community, TON Foundation will pursue strong governance and transparency under the guidance of Swiss regulations.”
It is interesting to note here that the introduction of the Swiss branch of the TON Foundation coincides with a series of upcoming initiatives, including a well-thought-out set of business partnerships and integrations designed to encourage the acquisition of developers, engage users, and facilitate the growth of the network. By the fourth quarter of 2023, a publicly available roadmap on the newly launched www.ton.foundation website will serve as a guide for the Foundation’s efforts to educate the public, empower development, and expand the TON ecosystem.
With this launch, the Foundation is expected to commit to providing detailed transparency reports that comprehensively outline Toncoin’s tokenomics and the historical distribution of tokens. These reports will provide insights into token issuance, allocation for partnerships, development, community incentives, and a breakdown of assets used for operational expenses and ecosystem growth.
Furthermore, in a continued commitment to transparency and clarity, the TON Foundation will host an annual event called “Gateway” to actively engage with and listen to the TON community directly. Readers will be able to join Gateway, either in person or virtually, to participate in constructive discussions and collaborative initiatives across various domains, including privacy, ownership, finance, gaming, collectibles, and more.
About TON Foundation:
The TON Foundation, a non-profit organization based in Switzerland, is dedicated to supporting The Open Network (TON). The Foundation is entirely funded by the community and acts in the best interests of the community to advance TON’s mission. For more information, please visit https://ton.foundation/.
The Open Network (TON) aims to make cryptocurrency accessible to everyone by creating a Web3 ecosystem within Telegram Messenger, enabling billions of individuals to take control of their digital identity, data, and assets. Learn more at https://ton.org/.
