TON Foundation is a Swiss non-profit organization.

TON Foundation is a Swiss non-profit organization.

The Open Network Foundation Launches as a Swiss Non-profit Organization

Zug, Switzerland, September 6th, 2023, Chainwire – The Open Network Foundation (TON Foundation), a non-profit organization supporting the growth of The Open Network (TON), has announced its official launch as a Swiss non-profit organization. Switzerland, renowned for its history of technological innovations and its clear legal framework surrounding blockchain and cryptocurrency, provides the ideal environment for TON Foundation’s mission in supporting the TON ecosystem.

The Significance of Regulatory Clarity

The regulatory clarity offered by Switzerland is vital for the long-term planning, strategy, and execution of TON Foundation’s mission. By operating within a well-defined legal framework, the foundation can effectively navigate and respond to the evolving industry and drive the growth of the TON ecosystem.

A Focus on Governance and Transparency

TON Foundation aims to serve the Toncoin community by prioritizing strong governance and transparency. The foundation will adhere to Swiss regulations and commit to providing detailed transparency reports. These reports will offer insights into the tokenomics of Toncoin, including token issuance, partnership allocation, development, community incentives, and asset breakdown for operational expenses and ecosystem growth.

Initiatives and Roadmap for Growth

In addition to its official launch, TON Foundation has a series of upcoming initiatives planned. These initiatives include partnerships and integrations that incentivize developer acquisition, user participation, and network growth.

To guide its endeavors and communicate its plans effectively, the foundation will release a publicly available roadmap on the newly launched website, ton.foundation. The roadmap aims to educate the public, empower development, and expand the TON ecosystem.

Gateway – An Event for Engagement

As part of its commitment to openness and engagement, TON Foundation will host an annual event called Gateway. This event will provide an opportunity for the TON community and partners to come together and engage in productive discussions and collaborative initiatives. Topics will span across various industries, including privacy, ownership, finance, gaming, collectibles, and more.

About TON Foundation

The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland to support The Open Network (TON). The foundation is 100% funded by the community and acts on behalf of the community to achieve TON’s mission.

For more information, please visit TON Foundation’s official website, Linkedin, Twitter, or Telegram.

About The Open Network (TON)

The Open Network (TON) is revolutionizing the accessibility of cryptocurrency by building a Web3 ecosystem within Telegram Messenger. With TON, billions of people can own their digital identity, data, and assets. Visit TON’s website for more information.

Contact

TON Foundation: [email protected]

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

DeFi

🚀 Liquid Restaking Tokens: The Hype, The Risks, and The Future of Ethereum DeFi! 🌟

Discover the latest developments in the world of blockchain technology with our weekly newsletter. This week, join Sa...

News

Justin Sun considers acquiring FTX's cryptocurrency holdings.

Justin Sun, the visionary Founder of Tron and esteemed Advisor to Huobi Global, has enthusiastically conveyed his str...

Bitcoin

Humorous and Professional Announcement from HTX Exchange

HTX, a popular digital asset exchange, has announced the resumption of deposit and withdrawal services for top crypto...

DeFi

Decentralized Finance and the Rise of Liquid Restaking Tokens (LRTs) on Ethereum

The emergence of popular liquid restaking platforms such as Puffer and Ether.Fi has generated billions of dollars in ...

News

In a Plot Twist, Poloniex Bounces Back from $100M Hack with TRX Withdrawals!

Poloniex restores withdrawals following $100M hack, prioritizing TRX deposits and withdrawals. Find out how this impa...

News

Shady Transactions Raise Eyebrows as $110 Million Evaporates from HECO Bridge and HTX Exchange – What in the Crypto World is Happening?

Recent blockchain breaches on the HECO bridge and HTX platform have been reported by security firms, resulting in an ...