Market
The Evolution of the Governance Model
Co-AuthoredbySteveYun,President-TheOpenNetworkFoundation&JackBooth, Co-Founder – TON Society
The TON community has matured impressively in the past year. TON keeps connecting the crypto industry to a mass audience of new users, while successful projects constantly emerge. Advocating for decentralization and reactive to community growth and maturity, The Open Network Foundation (“Foundation”) introduces Society DAO, a new governance model.
TON has been community-driven from day one. From its inception, the network has thrived thanks to dedicated community validators, securing its integrity, and resilience. The platform’s growth has been led by developers who won public contests, becoming the leading contributors committed to TON’s vision. TON’s launch was uniquely fair, with initial distribution powered by Proof-of-Work mining, allowing participants to earn a stake. As the ecosystem expanded, the TON Foundation took the helm in business development, fueling a robust and dynamic ecosystem loyal to its decentralized, community-first ethos.
Honoring this DNA, The Open Network Foundation (“Foundation”) introduces Society DAO, a new governance model. We envision a governance framework that enhances decentralization, transparency, inclusion, competition, autonomy, participation, and resilience by democratizing access to the financial, socio-political, and human capital.
Decentralization is an ongoing process. Over the past year, many founders have relied heavily on the Foundation for success, as it often serves as a central hub for capital. However, the Foundation sees this as a centralization risk—one that could lead to a single point of failure.
How can the Foundation evolve to mitigate this risk and empower a more resilient, decentralized ecosystem?
L1 governance faces complex challenges, starting with a concentration of capital. Across the blockchain industry, platforms often adopt a corporate model, with foundations overseeing strategy, partnerships, marketing, technical support, funding, and more. This centralized model can be efficient in the early stages, providing direction and producing initial use cases.
However, as the ecosystem matures and independent, competitive participants emerge, this model reveals its limitations. Capital and resources—financial, social, human, and political— accumulate around the foundation, making it difficult for projects to succeed without its official
support. This concentration creates a gated environment, stifling the competition that’s crucial for a thriving ecosystem.
Additionally, operational inefficiencies arise as projects focus on navigating foundation processes instead of building products, leading to a lack of competitive innovation. Over time, this dependency risks undermining the original goal of ecosystem building, which requires decentralized, open support for incoming builders.
To address the challenges of centralized governance the answer lies in democratized access to capital and fostering competition within a community-centric framework. By implementing
open-source access to capital, projects earn resources transparently, rewarded for achieving key performance indicators (KPIs), which shift their focus to delivering exceptional products and results. In line with this, the Foundation is advancing a Community Model that redistributes resource allocation power back to the community. Under this approach, respected and proven community members are empowered to coordinate vision, goals, and strategies, collectively determining resource allocation in alignment with TON’s overall growth.
This model also upholds a principle of competition, supporting at least two projects in each category, encouraging projects to excel, and fueling a vibrant innovative ecosystem. Previously monopolized roles within the Foundation can now be filled by competitive, independent teams, enhancing efficiency and resilience. Thanks to TON’s explosive growth and the emergence of widely respected ecosystem leaders, the Community Model enables proactive, autonomous, and competitive participation in the network.
Since its inception in 2023 as a Swiss non-profit, the Foundation has tested this model with a few leading teams, who have excelled in their roles. This competitive and decentralized model accelerates growth, promotes autonomy, and empowers community-led development, providing a scalable framework and better results for all TON ecosystem participants.
With blockchain technology, the technical path to decentralization is clear. However, building a community capable of collective, coordinated action requires a more strategic approach. As the TON ecosystem grows, decentralizing at its core is essential to ensure resilience and long-term success.
Today, The Foundation is pleased to introduce Society DAO and its founding members; teams that have already been operating independently yet aligned with TON’s mission. Society DAO will become the organizing body for core ecosystem functions, its founding members comprise:
- TONCore:Core development, upgrading, and maintenance of the blockchain
- TONStudio:Developer experience
- TONSociety:Community operations
- WalletinTelegram:Payment adoption
The Foundation will support this DAO by reporting on its goals, KPIs, and strategies, ensuring compliance, and providing grants and other resources. Society DAO will grow to include proven and reputable community teams that can propose and execute a plan that supports the ecosystem’s objectives. It will welcome new contributors across roles such as marketing, app development, technology, stablecoin integration, DeFi, community growth, identity, and more.
This model will make the community’s brightest minds the key stakeholders in the growth and adoption of TON.
The TON ecosystem is committed to a transparent path for accomplishing its goals. Like our network’s dynamic sharding architecture, smaller, independent, and focused teams can create better, more scalable outcomes. Our public goals are revisited every six months, ensuring they remain relevant and aligned with our community’s vision.
- TONEcosystemGoals: Society DAO will publish The TON Ecosystem goals
- CommunityProposals: DAO members can propose relevant strategies, expected time-bound, and specific key results for achieving the ecosystem goals.
- WorkingGroupReviews: Relevant DAO members will evaluate proposals across specialized working groups.
- GrantProvided: After DAO approval, The Foundation funds the plans, with the community team assuming responsibility for progress and performance.
Today, Society DAO sets the following initial goals:
- PositionTONasTheGatewaytoReal-WorldCryptocurrencyUseCases.
- EstablishTONastheMostStableandScalableBlockchain.
- GrowtheDeveloperandUserCommunityinSuperAppmarkets.
By January 2025, Society DAO will publicly publish the key initiatives and expected key results for H1 2025. With a public view over Society DAO’s objectives, the community can contribute their opinions and help guide the DAO on how best to achieve the Ecosystem goals. Shortly, Society DAO will continue to decentralize by inviting proposals from proven and reputable community teams. Successful proposals that align with our ecosystem goals can join the DAO as members, becoming core contributors to The Open Network.
In 2025, Society DAO will enhance its transparency and community-driven focus by launching a public debate and voting platform. This platform will use TON Society onchain badges as a reputation marker, empowering active community members to have a voice in decision-making processes.
Over 3.6 million users have earned onchain badges on society.ton.org. This activity-driven reputation reflects your contribution and engagement within the ecosystem and will open access to contributing to debates and onchain votes.
Once the platform is live, DAO members will be supported by the real opinions of the active community. Together, we will cultivate an ecosystem of DAO members that self-regulates autonomously by collective insight and engagement.
To ensure a decentralized approach, Society DAO is establishing the Principle of Competition as a core guideline for allocating all public resources, including financial, social, human, political capital, and incentive programs. This principle requires that at least two competing projects be provided with the opportunity to fulfill the KPIs in the same category.
Competition creates decentralization. Competitive environments make it difficult for single players to dominate. When an ecosystem depends on multiple players, it becomes more resilient to failures. If one competitor encounters issues or fails, others can take their place without significant disruption. Competitive ecosystems lead to higher transparency, as entities are motivated to act in users’ best interests to maintain loyalty.
Moreover, competition encourages different approaches and ideas to address user needs. Each competitor brings unique strengths or innovations, leading to a richer ecosystem where multiple solutions coexist, reducing reliance on any single provider. Ultimately, this leads to a better user experience.
Society DAO positions the TON community on the right trajectory to become more competitive, decentralized, and resilient. Overall, it aims to create a robust and scalable organizational structure. As this model continues to be proven further, it will lead to an autonomous community capable of collective action.
With a growing community of over 20 million members, we are stronger than ever and have the potential to make cryptocurrency accessible to everyone. Together, we can drive meaningful change and put crypto in every pocket.
Disclaimer
In compliance with the Trust Project guidelines, this guest expert article presents the author’s perspective and may not necessarily reflect the views of BeInCrypto. BeInCrypto remains committed to transparent reporting and upholding the highest standards of journalism. Readers are advised to verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
ONDO is facing notable downside pressure. It has been down over 5% in the last 24 hours and corrected more than 19% over the past 30 days. With its market cap now sitting around $2.5 billion, the coin is way below competitors like Chainlink and Mantra in terms of market cap.
Recent technical indicators and whale behavior suggest that the current weakness may not be over, despite a slight recovery in momentum.
ONDO RSI Is Recovering From Oversold Levels
ONDO’s Relative Strength Index (RSI) is currently sitting at 34 after rebounding slightly from an earlier dip to 27.5. Just two days ago, the RSI was at 54.39, indicating how quickly momentum has shifted.
The RSI is a momentum oscillator that measures the speed and magnitude of recent price changes. It ranges from 0 to 100.
Readings below 30 are typically considered oversold, suggesting the asset may be undervalued and due for a bounce, while readings above 70 are viewed as overbought, indicating potential for a pullback.
With ONDO’s RSI now at 34, it has technically exited oversold territory but remains near the lower end of the scale. This suggests that while the sharpest selling pressure may have eased, the market is still fragile ,and sentiment remains cautious.
If the RSI continues to recover and climbs above 40 or 50, it could signal a shift toward more bullish momentum.
However, if selling resumes and RSI falls back below 30, it would indicate renewed downside risk and potential for further price declines.
Whales Recently Stopped Their Accumulation
The number of ONDO whales—addresses holding between 1 million and 10 million ONDO—fluctuated in late March, initially increasing from 188 to 195 between March 22 and March 26 before declining to 191 in recent days.
This whale activity pattern is significant as these large holders often influence market sentiment and price movements, with their accumulation or distribution phases potentially foreshadowing broader market trends.
Tracking whale addresses provides valuable insights into how influential investors are positioning themselves, which can help predict potential price action.
The failure of Whale addresses to maintain the breakout above 195 and the subsequent return to 191 could signal bearish sentiment among larger investors.
This retreat might indicate that whales are taking profits or reducing exposure, which could create downward price pressure on ONDO in the short term.
When large holders begin to reduce their positions after a period of accumulation, it often precedes price corrections, suggesting that ONDO may experience resistance in maintaining upward momentum until whale confidence returns and accumulation resumes.
Will ONDO Fall Below $0.70 For The First Time Since November?
ONDO’s Exponential Moving Average (EMA) lines are currently aligned in a bearish formation, suggesting the ongoing downtrend may persist. If this weakness continues, ONDO could drop to test the key support level at $0.73.
A break below that would be significant, potentially sending the price under $0.70 for the first time since November 2024.
The token has been struggling to keep pace with other Real World Asset (RWA) coins like Mantra, and this underperformance adds further pressure to ONDO’s short-term outlook.
However, if sentiment shifts and ONDO manages to reverse its trend, the first key level to watch is the resistance at $0.82.
A breakout above this level could trigger a broader recovery, with price targets at $0.90 and $0.95.
If the RWA sector as a whole regains momentum, ONDO could even rise above the $1 mark and aim for the next major resistance at $1.23.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
GRASS has surged nearly 30% over the past week, with its market cap climbing back to $415 million and its price breaking above $1.70 for the first time since March 10.
This strong performance has been backed by bullish technical signals, including a consistently positive BBTrend and a rising ADX. However, with momentum indicators beginning to cool slightly, the next few days will be key in determining whether GRASS continues its rally or enters a period of consolidation.
GRASS BBTrend Remains Strong, But Is Slightly Declining
GRASS’s BBTrend is currently at 11.28, marking the fourth consecutive day in positive territory, after peaking at 14.85 two days ago.
The BBTrend (Bollinger Band Trend) indicator measures the strength of price trends by analyzing how far the price moves away from its moving average within Bollinger Bands.
Generally, values above zero indicate an uptrend, while values below zero suggest a downtrend. The higher the positive reading, the stronger the bullish momentum, whereas deep negative values reflect strong selling pressure.
With GRASS maintaining a BBTrend of 11.28, the token is still in an active uptrend, although slightly cooler than its recent peak.
Sustained positive BBTrend readings typically signal that buyers remain in control and that upward momentum could continue.
However, the slight pullback from 14.85 might suggest that momentum is starting to ease. If the BBTrend begins to decline further, it could be an early sign of consolidation or a possible reversal.
For now, GRASS appears to be holding onto bullish momentum, but traders should monitor any shifts in trend strength closely.
GRASS ADX Shows The Uptrend Is Getting Stronger
GRASS is currently in an uptrend, with its Average Directional Index (ADX) rising to 30.31 from 26.49 just a day ago, indicating a strengthening trend momentum.
The ADX is a widely used technical indicator that measures the strength of a trend, regardless of its direction, on a scale from 0 to 100.
Values below 20 suggest a weak or non-existent trend, while readings above 25 indicate that a trend is gaining traction.
When the ADX moves above 30, it typically signals that the trend is becoming well-established and may continue in the same direction.
With GRASS’s ADX now above the 30 threshold, the current uptrend appears to be gaining strength. This suggests that bullish momentum is firming up and that price action may continue favoring the upside in the near term.
As long as the ADX remains elevated or continues climbing, the trend is likely to sustain, attracting more interest from momentum traders.
However, if the ADX begins to plateau or reverse, it could signal a potential slowdown or consolidation phase ahead.
GRASS Could Form A New Golden Cross Soon
GRASS’s Exponential Moving Average (EMA) lines are showing signs of a potential golden cross, a bullish signal that occurs when a short-term EMA crosses above a long-term one.
If this crossover confirms, it could mark the beginning of a sustained uptrend. GRASS is likely to test the immediate resistance at $1.85 as some artificial intelligence coins start to recover good momentum.
Should bullish momentum from the past week persist, the token may push even higher toward $2.26 and eventually $2.56 or $2.79, possibly solidifying its position as one of the best-performing altcoins in the market.
However, if the trend fails to hold and sentiment shifts bearish, GRASS could pull back to retest the support at $1.63.
A break below this level might open the door to a deeper correction, potentially driving the price down to $1.22.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Ethereum co-founder Vitalik Buterin has introduced a new roadmap aimed at strengthening the security and finality of Layer 2 (L2) solutions.
His proposal introduces a flexible, multi-proof system designed to support Ethereum’s scalability while preserving its core principles of decentralization and trust minimization.
Ethereum’s New Layer 2 Roadmap
At the heart of Buterin’s technical framework is a “2-of-3” model. This system uses three different proof types—optimistic, zero-knowledge (ZK), and trusted execution environment (TEE) provers.
A transaction is finalized when any two of these agree, significantly reducing the risk tied to relying on a single-proof method. The model offers a pragmatic balance between speed, robustness, and decentralization.
Buterin emphasized the importance of diversification, especially as zero-knowledge systems mature. He warned that shared code among ZK rollups could cause bugs to propagate across implementations, raising systemic risk.
“This means that the finality of rollups can be as fast as zk proving (~<1hr for now) while protecting the system from soundness bugs in the zk system,” Wei Dai, a research partner at 1kxnetwork, explained.
Meanwhile, Buterin’s roadmap also lays out the requirements for what he calls “Stage 2 rollups.” These next-generation rollups would deliver near-instant confirmations, high finality, and strong resistance to failures—even in semi-trusted environments.
Importantly, they would still adhere to Ethereum’s 30-day upgrade delay, a rule that safeguards the network’s stability during transitions.
Buterin Makes Case for Open-Source Funding
Beyond scalability, Buterin is also advocating a cultural shift in how the crypto community approaches development funding.
In a separate blog post, he suggested shifting the focus from “public goods funding” to “open-source funding.”
His concern is that the phrase “public goods” has become politically and socially loaded, often used in ways that prioritize perception over impact.
“A big part of the reason why the term ‘public good’ is vulnerable to social gaming is precisely the fact that the definition of ‘public good’ is stretched so easily,” Buterin argued
He noted that public goods funding is vulnerable to social desirability bias. This often favors those who can navigate community politics over those who deliver meaningful value.
In contrast, open-source funding emphasizes transparency, collaboration, and the building of tools that genuinely benefit the broader ecosystem.
Buterin believes that the goal should not be to fund any open-source project indiscriminately but to support those that create maximum value for humanity.
This stance aligns with his broader vision of a sustainable, community-driven blockchain infrastructure.
Together, Buterin’s proposals could redefine both the technical direction of Ethereum’s scalability efforts and the philosophical foundations of its funding strategies—reinforcing the network’s long-term commitment to decentralization, security, and public benefit.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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