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Free TON and Dune Community to Merge Following Profitable Vote, Free TON Positive factors Prime Researchers – Sponsored Bitcoin Information

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Free TON is a community-driven blockchain network focused on decentralized governance based on the open source TON project previously developed by Telegram. Dune Network is a platform for distributed applications over a blockchain that focuses on security. After a successful vote on a decentralized M&A proposal, the two groups will now be merged.

First decentralized merger and acquisition

More than 50% of the participating community members voted for a merger proposal between Free TON and Dune Network. This is important for both groups as the Dune project will be effectively included in Free TON, but it is also a milestone for the entire blockchain ecosystem as the first truly decentralized M&A. The cost of the operation will be on 9 million TON crystals Estimated what is Dune Network’s market cap and they are funded through competitions on Free Ton.

Through the acquisition, the large Free TON community will be further expanded by an enthusiastic group of more than 2000 supporters of the Dune Network and the brand reach will be expanded by the transfer of all social media accounts and 16 ambassadors in 6 countries from Dune. On the technical side, Dune also brings around 30,000 accounts and smart contracts, a network with over 50,000 daily transactions and a community of more than 90 validators, including 8 companies that can become validators. The deal will also give Free TON access to all of the exchanges Dune is traded on, familiarity with the top investors who have backed Dune, and a new lab that will help develop it (see below).

Commenting on the benefits of the acquired project, Ben Sunderland, Community Manager of Dune Network said: “Thanks to its advanced technical stack, its completely decentralized nature, its unique partnership model and its growing community, Free TON has established itself as a strong competitor for global adoption. For us, this is an opportunity to work on one of the best technical infrastructures available and to support its further development, and which also share our morality and philosophy with regard to decentralization. “

Together, the Dune Network and FreeTon communities become stronger than the sum of our individual components. By joining forces, we enable our communities to go faster and further. – Ben Sunderland, Community Manager, Dune Network

Dune Network Acquisition adds a laboratory with top researchers to the free TON development

Dune Network is a platform for distributed applications over a blockchain that focuses on security and protection. It offers multiple programming languages ​​for smart contracts, accessibility, access control functions and industrial applications, as well as an entire ecosystem of dApps, functions and tools. Additionally, it provides business and technical support to help entrepreneurs innovate and scale over the network while making it easier for established companies to integrate into its platform.

Since Dune Network was founded in July 2019, it has been supported by investors such as Xavier Niel (Founder of Free / Illiad, 42school, Station F), Sean Rad (Founder of Tinder), Antoine and Alexis (Founder of Zenly), Alexandre ( Founder of Voodoo), Yan Hascoet (founder of Kapten (Uber competitor, sold for + USD 200 million), Marc Simoncini (founder of Meetic, sold to Match for + USD 300 million), Oussama Amar (founder of The Family ), Jean David Blanc (founder of AlloCiné), Georges Mohammed Cherif (founder of Buzzman) and more.

Origin Labs, the laboratory behind many developments in the Dune Network, will now focus all new developments in the future on Free TON. It is one of the most productive research and development groups in the blockchain space. Origin Labs has a team of 9 PhD students. Research engineers trained in France’s leading technological universities and widely recognized as experts in formal verification, tool design and blockchain technology. For the past decade, they have been involved in projects with well-established well-known brand names such as Jane Street, Samsung, Bloomberg and Facebook, and have developed leading tools for OCaml such as Opam.

About Free TON

Free TON is a community movement for a free and open decentralized Internet. It’s next-generation blockchain technology that doesn’t belong to anyone or anyone at the same time. The network does not have an owner or centralized administration that decides what to do when and what tools or projects to run on it. Instead, Free TON practices decentralized governance principles that enable the community to get involved, contribute, and make decisions.

Technologically speaking, Free TON is the first highly scalable blockchain with multiple threads, multiple shards, and low latency. It has an advanced proof-of-stake consensus and a versatile intelligent contract platform that supports multiple high-level computer languages ​​such as Solidity, C and C ++. Free TON promotes a unique concept of end-to-end decentralization in which DNS servers and storage are essentially moved around the chain, i.e. a decentralized backend. When this future development is completed, all data and privacy will be absolute.

To learn how Free TON grew out of Telegram Open Network abandonment by private messaging giant Telegram due to the US SEC, read Free TON, From An Abandoned Project To The Boundary Of PoS Networks.

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