PANews reported on November 1 that according to the official blog, the TON Foundation announced the launch of a new governance model, Society DAO, which aims to promote decentralization and enhance its growing ecosystem. Society DAO will become the organization for core ecosystem functions, and its founding members include: TON Core (core development, upgrades and maintenance of the blockchain), TON Studio (developer experience), TON Society (community operations), and wallets in Telegram (payment methods).

The operating model of Society DAO is as follows: Society DAO will publish TON ecosystem goals; DAO members can propose relevant strategies, expected time limits and specific key results for achieving ecosystem goals; relevant DAO members will evaluate the proposals of each special working group; after DAO approval, the Foundation will provide funding for the plan, and the community team will be responsible for progress and performance.

Society DAO’s initial goals include: positioning TON as a gateway to real-world cryptocurrency use cases; building TON into the most stable and scalable blockchain; and developing a community of developers and users in a super app marketplace.