Demex Daily #275: TON Foundation Launches Society DAO for Enhanced Community Governance

What’s Interesting Today:

The TON Foundation launched Society DAO on November 1, a governance model aimed at enhancing decentralization within its ecosystem and involving community members in decision-making. Society DAO will empower trusted members to manage ecosystem functions such as core development and payment integration through decentralized working groups, ensuring resource allocation aligns with TON's principles. Founding members include TON Core, TON Studio, and others. The DAO's initial goals are to position TON as a gateway for real-world cryptocurrency use, establish it as a stable and scalable blockchain, and grow its developer and user community. Additionally, TON announced updates to its Telegram-integrated wallet, introducing a self-custodial option that simplifies asset management and expands access to decentralized applications and services.

Trade THE OPEN NETWORK TON-PERP on Demex!

XYO, a decentralized physical infrastructure network (DePIN), has launched on Solana, allowing its native token to be traded against SOL and USDC on decentralized exchanges like Jupiter and Raydium. The move to Solana is driven by the blockchain's high throughput, low transaction costs, and scalability, aiming to enhance cross-chain access. XYO operates over 8 million nodes globally, verifying location and real-world data for Web2 and Web3 projects. The DePIN model is expected to be a significant use case for Web3, with a growing ecosystem and a market capitalization exceeding $50 billion. Analysts highlight Solana's low transaction fees and parallel processing capabilities as key advantages for future DePIN projects.

Trade SOLANA SOL-PERP on Demex!