The Open Network Foundation Launches as Swiss Non-Profit Organization
The Open Network Foundation (TON Foundation) has officially launched as a Swiss non-profit organization. Switzerland’s history of technological innovation and its clear legal framework surrounding blockchain make it an ideal location for the TON Foundation. This regulatory clarity is crucial for the Foundation’s long-term planning and execution in supporting the TON ecosystem.
“This marks the next chapter for the Toncoin community,” said Steve Yun, President of TON Foundation. “TON Foundation will pursue strong governance and transparency under Swiss regulations.”
The launch of TON Foundation’s Swiss organization coincides with upcoming enterprise partnerships and integrations to drive developer acquisition, user participation, and network growth. A publicly available roadmap on the TON Foundation website will guide their efforts to educate the public and expand the ecosystem on TON.
The Foundation commits to providing transparent reports on Toncoin’s tokenomics and distribution. These reports will offer insights into token issuance, partnership allocation, community incentives, and asset breakdown for operational expenses and ecosystem growth.
Gateway: An Annual Event for the TON Community
As part of their commitment to openness and clarity, TON Foundation will organize an annual event called Gateway. This event aims to foster discussions and collaborative initiatives on privacy, ownership, finance, gaming, collectibles, and more. The TON community and partners are invited to join in person and engage with the Foundation.
About TON Foundation
The Open Network Foundation (TON Foundation) is a community-funded non-profit organization based in Switzerland. It is dedicated to supporting The Open Network (TON) and achieving its mission.
For more information, visit TON Foundation’s Official Website, Linkedin, Twitter, and Telegram.
About The Open Network (TON)
The Open Network (TON) aims to bring crypto to everyone’s pocket by building a Web3 ecosystem in Telegram Messenger. TON empowers billions of users to own their digital identity, data, and assets.
Hot Take:
The launch of TON Foundation as a Swiss non-profit organization signifies a significant step towards the growth and development of The Open Network. With a strong focus on governance, transparency, and community engagement, TON Foundation aims to create a thriving ecosystem for users and developers alike. By leveraging Switzerland’s expertise in technological innovation and blockchain regulation, TON Foundation sets the stage for long-term success. The annual Gateway event further emphasizes their commitment to openness and collaboration, driving discussions and initiatives across various sectors. As TON continues to put crypto in every pocket, the foundation’s efforts will undoubtedly contribute to the widespread adoption and empowerment of individuals in the digital world.
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