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

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. TON Society Roots and Approach
  2. TON Society ID
  3. TON Ventures' $40 Million Fund


    4. 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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Analysts Remain Bullish on SpaceX Stock Despite Recent Challenges

chest

Despite recent challenges, analysts maintain a bullish outlook on SpaceX stock, citing its unique positioning in the market.

user avatarDavid Robinson

SpaceX Stock Faces Volatility Amid Lockup Expirations

chest

SpaceX stock has experienced significant fluctuations due to recent lockup expirations, with investors questioning its future performance.

user avatarAndrew Smith

Meta's Valuation Advantage Over SpaceX

chest

Despite SpaceX's rapid growth, Meta has a more favorable stock valuation, trading at about 66 times sales compared to SpaceX's 45 times sales.

user avatarZainab Kamara

SpaceX Outpaces Meta in Revenue Growth

chest

SpaceX's revenue grew by 92% year-over-year, while Meta's revenue increased by 28%. SpaceX's growth is driven by demand for AI and connectivity, whereas Meta's growth is slower but consistent.

user avatarJacob Williams

SpaceX and Meta Compete for $2 Trillion Valuation

chest

SpaceX and Meta are competing for a $2 trillion market valuation, with SpaceX having briefly reached this mark in June.

user avatarSon Min-ho

SanDisk's Impressive Stock Performance Post Spin-off

chest

SanDisk has experienced a remarkable stock increase of almost 3,900% since its spin-off from Western Digital, driven by high demand for NAND flash memory, with analysts suggesting over 50% upside from current levels.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.