The Open Network Foundation’s Launch as a Swiss Non-Profit Organization
Zug, Switzerland, September 6th, 2023, Chainwire
The Open Network Foundation (TON Foundation) has officially launched as a Swiss non-profit organization, supporting the growth of The Open Network (TON). As a country with a rich history of technological innovations, Switzerland provides a clear and precise legal framework for blockchain and cryptocurrency. This regulatory clarity is crucial for the long-term planning, strategy, and execution of TON Foundation’s mission in supporting the TON ecosystem.
“This is an important milestone for the Toncoin community,” said Steve Yun, President of TON Foundation. “TON Foundation will prioritize strong governance and transparency, guided by Swiss regulations, to serve our community.”
Upcoming Initiatives and Transparency Reports
The launch of TON Foundation’s Swiss organization aligns with a series of initiatives, including partnerships and integrations to incentivize developer acquisition, user participation, and network growth. By Q4 of 2023, a publicly available roadmap on the newly launched www.ton.foundation website will guide the Foundation’s efforts in educating the public, empowering development, and expanding the TON ecosystem.
To ensure transparency, the Foundation will provide detailed reports outlining the tokenomics of Toncoin and the historical distribution of tokens. These reports will cover token issuance, partnership allocation, development, community incentives, and breakdown of assets used for operational expenses and ecosystem growth.
Engaging with the TON Community
TON Foundation is committed to openness and clarity. They will organize an annual event called Gateway to actively listen to and engage with the TON community. This event aims to facilitate productive discussions and collaborative initiatives across various areas like privacy, ownership, finance, gaming, and collectibles. The community and partners are invited to participate in person at Gateway.
About TON Foundation
TON Foundation is a non-profit organization based in Switzerland, fully funded by the community, and dedicated to supporting The Open Network (TON). Its mission is to serve the community and achieve the goals of TON.
For more information, visit TON Foundation’s Official Website, Linkedin, Twitter, or join their Telegram group.
About The Open Network (TON)
The Open Network (TON) aims to bring cryptocurrency to everyone’s pocket by building a Web3 ecosystem in Telegram Messenger. TON enables individuals to own their digital identity, data, and assets. Learn more at their website.
Contact: TON Foundation – [email protected]
Hot Take:
The launch of TON Foundation as a Swiss non-profit organization brings regulatory clarity and transparency to the growth of The Open Network (TON). With a commitment to engaging with the community and providing detailed transparency reports, TON Foundation is poised to drive the expansion of the TON ecosystem. As TON aims to put cryptocurrency in the hands of billions, its Web3 ecosystem in Telegram Messenger opens up new possibilities for digital ownership and financial empowerment.
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