Fun

Free TON Community’s Meritocratic Token Distribution Model to Revolutionize Tokenomics

News Feed - 2020-12-16 06:12:18

Free TON Community’s Meritocratic Token Distribution Model to Revolutionize Tokenomics


Free TON is a community driven PoS network with a focus on decentralized governance. It is based on the open-source TON project which was previously developed by Telegram. Free TON never had an ICO and will never have a token sale. Instead the project implements a distribution model that will revolutionize tokenomics. This also makes it stand at par or exceed in terms of decentralization other popular PoS networks, such as Kosmos or Polkadot. Free TON Token Now on Bitcoin.com Exchange


Free TON is a community powered movement for a free and open decentralised internet. It’s a next-gen blockchain technology that belongs to no one and to everyone at the same time. The network does not have an owner or centralized management that decides what should be done or when, nor what tools or projects should run on it. Instead, Free TON practices decentralized governance principles empowering the community to engage, contribute and make decisions.


Technology-wise Free TON is the first multi-threaded, multi-shareded, highly scalable blockchain with low latency. It has an advanced Proof-of-Stake consensus and versatile smart contract platform supporting several high level computer languages. Free TON promotes a unique concept of End-to-End Decentralization.


The community driven project was created after the U.S. SEC forced private messaging giant Telegram to let go of its very highly anticipated Telegram Open Network (TON). Thanks to this you can now get yourself involved with the future of decentralization. To get started, it was recently announced that Bitcoin.com Exchange will be listing the Free TON token on 15 December, 2020. The Meritocratic Token Distribution Model


Free TON never had nor intends to have any token sales. Instead, the Free TON community practices a meritocratic token distribution model where ton crystal tokens are distributed for free to the community against contribution to the ecosystem. It is done either through contests (never grants that mean centralized decision making) or through collaboration proposals with partners who want to enable their use case on the Free TON network.


As of December 10, Free TON has 272 independent validators and is aiming to exceed 400 validators by the time of an anticipated mainnet announcement scheduled for December 22, 2020. This makes Free TON the most decentralized PoS network. Importantly, these validators were chosen through a series of contests in Q3 2020 where teams were competing on performance.


To learn more about Free TON’s revolutionizing Tokenomics read the community’s Declaration of Decentralization. For more on how Free TON was born out of the abandonment of the the Telegram Open Network by the private messaging giant Telegram due to the U.S. SEC, read Free TON, From an Abandoned Project to the Frontier of PoS Networks.


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. Coinsbee Lets You Buy Gift Cards for More Than 500 Brands With Crypto SPONSORED | 3 days ago CryptoBiz Exchange Launches in India SPONSORED | 5 days ago Tags in this story Bitcoin, Crypto, Cryptocurrency, decentralized governance, DeFi, Distribution, Free Ton, PoS, Telegram Open Network, telegram token, Token, tokenomics, ton, TON OS


Image Credits: Shutterstock, Pixabay, Wiki Commons Use Bitcoin and Bitcoin Cash to play online casino games here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer

News Feed

Tether dominates with $113B post-SVB collapse — IntoTheBlock
Josh O"Sullivan11 hours agoTether dominates with $113B post-SVB collapse — IntoTheBlockTether’s market cap surges post-SVB collapse, driven by liquidity and accessibility, says ITB’s Vincent Maliepaard.689 Total vi
Bipartisan bill for blockchain competitiveness passes US House
Derek Andersen2 hours agoBipartisan bill for blockchain competitiveness passes US HouseThe Deploying American Blockchains Act of 2023 gives the Commerce Department a role in advancing blockchain technology.1103 Total vie
US Resident Operated Illegal Bitcoin Exchange Business – Faces 25 Years in Jail
US Resident Operated Illegal Bitcoin Exchange Business - Faces 25 Years in Jail An Ontario man based in San Bernardino County of the U.S. has agreed to plead gui
Max Keiser Predicts $400,000 BTC on Alex Jones Show, Jones Compares Bitcoin to ‘Power of Fire’ From the Gods
Max Keiser Predicts $400,000 BTC on Alex Jones Show, Jones Compares Bitcoin to ‘Power of Fire’ From the Gods The moment many conspiracy-minded bitcoin enthusiasts have been w
Bitcoin, Ethereum Technical Analysis: BTC Back Above $21,000, Following Strong Chinese GDP Figures
Bitcoin, Ethereum Technical Analysis: BTC Back Above $21,000, Following Strong Chinese GDP Figures Bitcoin climbed back above $21,000 on Jan. 17, as markets reacted to better-than-
Crypto Analyst Predicts XRP Price Could Shoot To $12 Soon
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Crypto Analyst Says XRP Community Should Pay Attention To June 4-6, Here’s Why
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
'Crypto King' Aiden Pleterski faces fraud, money laundering charges
Derek Andersen2 hours ago"Crypto King" Aiden Pleterski faces fraud, money laundering chargesPleterski and an associate were arrested months after multiple investor complaints and months of police investigation.406 Total
Biden Administration Preparing to Release Government-Wide Crypto Strategy: Report
Biden Administration Preparing to Release Government-Wide Crypto Strategy: Report The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an ex
Homeland Security leads to man charged over crypto recovery scam
Martin Young4 hours agoHomeland Security leads to man charged over crypto recovery scamAt least 175 people claim they engaged Coin Dispute Network to help them recover funds but never saw a single cent returned.1082 Tota
Okex Halts Withdrawals Due to ‘Out of Touch’ Private Key Holder, Founder Star Xu Talks With Police
Okex Halts Withdrawals Due to "Out of Touch" Private Key Holder, Founder Star Xu Talks With Police The digital currency exchange Okex disabled cryptocurrency wit
Goldman Sachs Reports Rising Customer Demand for BTC: Predicts an ‘Explosion’ in the Use of Digital Currencies
Goldman Sachs Reports Rising Customer Demand for BTC: Predicts an "Explosion" in the Use of Digital Currencies John Waldron, the chief operating officer (COO) of