#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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TON Foundation announces the launch of a new governance model Society DAO
PANews November 1st news, according to the official blog, the TON Foundation announced the launch of a new governance model Society DAO, aiming to promote Decentralization and enhance its rising ecosystem. Society DAO will become the organizational structure for core ecosystem functions, with founding members including: TON Core (core development, upgrading and maintenance of the blockchain), TON Studio (developer experience), TON Society (community operation), and Wallet in Telegram (payment method). The operating mode of Society DAO is as follows: Society DAO will release the TON ecosystem goals; DAO members can propose relevant strategies, expected time limits, and specific key results to achieve the ecosystem goals; relevant DAO members will evaluate proposals from various working groups; after approval by DAO, the foundation will provide funding for the plan, and the community team will be responsible for progress and performance. The initial goals of Society DAO include: positioning TON as the gateway to real-world Cryptocurrency use cases; building TON as the most stable and scalable blockchain; developing developer and user communities in the super app market.