TON Foundation, a non-profit organization that supports the development and growth of The Open Network (TON), a Web3 ecosystem built in Telegram Messenger, has announced its official launch as a Swiss entity. The Foundation chose Switzerland for its clear and precise legal framework surrounding blockchain and cryptocurrency, as well as its rich history of technological innovations.
The Open Network Takes a Step Forward
TON Foundation is 100% funded by the community and acts for the community to achieve TON’s mission of putting crypto in every pocket. By allowing billions of users to own their digital identity, data, and assets, TON aims to revolutionize the fields of privacy, ownership, finance, gaming, collectibles, and more.
The launch of TON Foundation’s Swiss organization coincides with a series of upcoming initiatives, including a publicly available roadmap on the newly launched website. The roadmap will guide the Foundation’s efforts to educate the public, empower development, and exercise ecosystem expansion on TON.
The Foundation will also announce a series of enterprise partnerships and integrations to incentivize developer acquisition, user participation, and network growth. These partnerships will leverage TON’s powerful AI models, such as OpenAI’s GPT-4, ChatGPT, and other technologies that have incredible potential for good and ill.
As part of its commitment to openness and clarity, TON Foundation will provide detailed transparency reports that outline the tokenomics of Toncoin and the historical distribution of tokens.
These reports provide valuable information on various aspects of token management, including token issuance, allocation of partnerships, development progress, incentives for community engagement, and the distribution of assets for operational expenses and ecosystem growth.
By analyzing these reports, one can gain a deeper understanding of the strategies and decisions made by the organization in managing its token ecosystem.
Additionally, the TON Foundation will host an annual event called Gateway to proactively listen to and engage with the TON community directly. The event will invite the community and partners to join in person and engage in productive discussions and collaborative initiatives across various domains.
TON Foundation is excited to launch its Swiss organization and looks forward to supporting the TON ecosystem in achieving its vision of a more open, decentralized, and inclusive crypto world.
