Zug, Switzerland – October 31st, 2024 – Chainwire
In an exciting development, Chorus One, a reputable provider of staking infrastructure for more than 60 networks, has announced the launch of TON Pool. This innovative staking solution is specifically designed to streamline and enhance Toncoin staking for institutions and investors. TON Pool aims to address the current limitations faced by users of the TON blockchain, offering a flexible, cost-effective, and scalable staking option that caters to the needs of custodians, exchanges, wallets, and institutional investors.
Overcoming Toncoin’s staking challenges
While the TON blockchain continues to gain popularity as a robust platform for decentralized applications, existing Toncoin staking mechanisms like the Nominator Pool and Single Nominator contracts pose significant challenges for institutional players. These challenges include high minimum staking requirements, limited delegator capacity, and the operational complexities associated with managing multiple pools.
The Single Nominator contract, for example, currently demands a minimum of 300,000 TON, making it inaccessible to many institutions. Additionally, both staking models restrict the number of delegators and require manual management, leading to higher transaction fees and diminished yields due to the complexity of pool monitoring.
In response to these limitations, Chorus One has developed TON Pool, a tailored solution for large-scale staking operations that aims to eliminate inefficiencies and provide a seamless staking experience for users.
Key advantages of TON Pool
1. Optimized potential yields: TON Pool consolidates stakes and reduces transaction fees to maximize potential yields for institutions and their clients.
2. Unlimited delegators: Unlike traditional staking models, TON Pool allows institutions to stake on behalf of an unlimited number of clients.
3. Low minimum stake: With a minimum requirement of just 10 TON, TON Pool makes staking accessible to a wider range of users.
4. Effortless integration: Institutions can seamlessly integrate TON Pool into their platforms, simplifying staking management and enhancing user experience.
Simplified staking process with TON Pool
Compared to traditional staking models, TON Pool offers a more streamlined staking process. Instead of requiring operators to manage multiple pools, TON Pool consolidates all staking into a single address. Customers delegate once, pay one transaction fee, and the platform handles all technical aspects of distributing and managing the stake.
CEO of Chorus One, Brian Fabian Crain, commented, “TON Pool is our solution to the challenges institutions face when staking on the TON blockchain. We designed this solution to eliminate unnecessary steps, reduce costs, and provide a scalable option for institutions in need of flexibility. TON Pool aims to make staking more accessible, which we believe is crucial for advancing the TON ecosystem.”
For more information on TON Pool and exclusive discounted commission rates, interested users can contact [email protected] and sign up to be among the first to experience the streamlined and scalable Toncoin staking solution.
About Chorus One
Chorus One is a leading institutional staking provider, offering infrastructure services for over 60 networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, Chorus One has been a pioneer in the PoS industry, providing user-friendly, enterprise-grade staking solutions, conducting cutting-edge research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001-certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more details, users can visit chorus.one or follow them on X (formerly Twitter) and LinkedIn.
Contact:
Hari Iyer
[email protected]
