Chorus One Unveils TON Pool The Premier Institutional Answer for Scalable TON Staking
Zug, Switzerland, October 31st, 2024, Chainwire – Chorus One, a prominent provider of staking infrastructure for over 60 networks, has unveiled the launch of TON Pool, a novel staking solution tailored to streamline and enhance Toncoin staking for institutions and investors. With a focus on overcoming the shortcomings of current staking models on the TON blockchain, TON Pool offers a versatile, cost-efficient, and scalable staking solution that caters to the needs of custodians, exchanges, wallets, and institutional investors.
Addressing the limitations of Toncoin’s current staking methods
While the TON blockchain is gaining momentum 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. The team highlights high minimum staking requirements, limited delegator capacity, and the operational complexities of managing multiple pools as key obstacles hindering large institutions from effectively staking Toncoin at scale.
At present, the Single Nominator contract mandates a minimum of 300,000 TON, restricting accessibility for many institutions. Additionally, both staking models constrain the number of delegators and necessitate manual management, leading to elevated transaction fees and diminished yields due to intricate pool monitoring.
Recognizing these limitations, Chorus One has developed TON Pool, a tailored solution for large-scale staking operations that eliminates inefficiencies and offers a more seamless staking experience.
Key advantages of TON Pool
1. Enhanced potential yields: TON Pool streamlines stakes and reduces transaction fees to optimize potential yields for institutions and their clients.
2. Unlimited delegators: Unlike traditional staking models that impose limits on delegator capacity, TON Pool enables institutions to stake on behalf of an infinite number of clients.
3. Low minimum stake: With a mere 10 TON minimum (compared to 300,000 TON in other models), TON Pool broadens staking accessibility to a wider user base.
4. Effortless integration: Institutions can effortlessly integrate TON Pool into their platforms, simplifying staking management and enhancing user experience.
A simplified staking process with TON Pool
In contrast to traditional staking models, TON Pool offers a streamlined staking process. Instead of operators having to create and manage multiple pools, TON Pool consolidates all staking activities into a single address. Customers delegate once, pay a single transaction fee, and the platform takes care of all technical complexities related to distributing and managing the stake.
“TON Pool is our solution to the challenges institutions encounter when staking on the TON blockchain,” stated Brian Fabian Crain, CEO of Chorus One. “We designed this solution to eliminate unnecessary steps, reduce costs, and offer a scalable option for institutions seeking greater flexibility. TON Pool enhances staking accessibility, which we believe is crucial for advancing the TON ecosystem.”
For further information about TON Pool and to avail of exclusive discounted commission rates, users can contact [email protected] and sign up now to be among the first to experience streamlined, scalable Toncoin staking.
About Chorus One
Chorus One stands as a leading institutional staking provider, operating infrastructure for over 60 networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, Chorus One has been a pioneer in the PoS industry, offering 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 extends slashing and double-signing insurance to its institutional clients. For more information, users can visit chorus.one or follow the company on X (formerly Twitter) and LinkedIn.
Contact
Hari Iyer
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