TON Foundation Fires Intern Over Unauthorized Meme Coin Promotion
The TON Foundation confirmed it terminated an intern who launched and promoted a personal meme token on pump.fun, clarifying the project was unauthorized and inconsistent with the foundation’s values.
TON
Summary
On September 15, the TON Foundation announced it dismissed an intern who created and promoted a personal meme coin on pump.fun through their X account, which displayed the TON logo. The promotion included future plans but was later abandoned, with posts deleted and livestreams stopped. The foundation clarified it did not initiate, approve, or support the project and emphasized that the conduct conflicted with its standards. The collaboration with the intern was terminated immediately.
Terms & Concepts
- Meme Coin: A cryptocurrency often created as a joke or based on internet memes, generally characterized by speculative trading rather than underlying utility.
- pump.fun: A platform used to launch and promote new tokens, often with automated liquidity and trading features.
- TON Foundation: The organization supporting The Open Network (TON) blockchain ecosystem, focusing on development, community engagement, and adoption.