The Open Network Foundation is taking significant steps to enhance the decentralization of its blockchain network through a new governance initiative called Society DAO. Announced on November 1, this initiative aims to create a more inclusive and transparent ecosystem for the TON community.
Society DAO is designed to empower community members by incorporating essential principles of decentralization, transparency, and inclusivity. According to Steve Yun, the president of the TON Foundation, and Jack Booth, co-founder of TON Society, this governance model will democratize access to various resources, including financial, social, and human capital.
The initiative is set to bring together skilled community teams that can propose and implement strategies aligned with the ecosystem’s goals. Society DAO will encourage participation from individuals in diverse roles such as marketing, app development, technology, and community engagement, ensuring that the most talented contributors play a vital role in the growth and adoption of TON.
Key features of Society DAO will include the publication of ecosystem goals and community proposals, allowing members to suggest strategies along with expected timelines and outcomes. The DAO will also facilitate reviews and grant approvals through working groups.
By January, the TON Foundation plans to outline its key initiatives for the first half of 2025.
