Former TON Foundation Directors Launch TON Society to Promote Decentralization in TON

by Giorgi Kostiuk

2 years ago

Made with AI

TON Society Roots and Approach
TON Society ID
TON Ventures' $40 Million Fund

Former directors of the TON Foundation have officially launched the TON Society, a company dedicated to advancing decentralization within The Open Network (TON).

TON Society Roots and Approach

TON Society originated as a 'grassroots initiative' across nine global event hubs in Asia and Europe and now aims to encourage active community participation. The company will reward members participating in events, activities, and challenges with onchain achievement badges.

While many decentralized communities claim to represent the voice of the community, they do nothing to organize it properly and find the true consensus in their community’s voice.Jack Booth, co-founder of TON Society

TON Society ID

The onchain ID system will enable members to 'open the doors to a reputation-based governance on TON' and support TON projects to engage users and promote deeper community involvement. The ID system will be integrated into all aspects of TON Society, providing opportunities for event participation, online activities and quests, as well as publishing rights in community channels and eligibility for airdrops.

TON Ventures' $40 Million Fund

In a similar development, former senior members of the TON Foundation launched the TON Ventures fund with $40 million to support early-stage crypto projects within the TON ecosystem. The fund aims to help connect investors and builders to boost innovation and growth in TON. Selected projects will have access to the team's global resources and extensive experience.

The launch of TON Society and the TON Ventures fund marks new stages in the development of TON, aimed at strengthening the community and supporting innovation within the ecosystem.

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