Zug, Switzerland, October 31, 2024, Chainwire
Chorus One, a leading provider of staking infrastructure for over 60 networks, today announced its launch TON Pool (NASDAQ:)a fresh staking solution designed to simplify and optimize Toncoin staking for institutions and investors. Focused on solving the limitations of current staking models on the TON blockchain, TON Pool offers a elastic, cost-effective and scalable staking solution that meets the needs of custodians, exchanges, wallets and institutional investors.
Solution to current Toncoin staking restrictionsThe TON blockchain is gaining popularity as a powerful platform for decentralized applications, but existing Toncoin staking mechanisms – such as pooled nominator contracts and single nominator contracts – pose significant limitations for institutional players.
According to the team, high minimum staking requirements, narrow delegation capacity, and the operational complexity of managing multiple pools are key challenges that prevent enormous institutions from effectively staking Toncoin at scale.
Currently they add, Agreement with one nominator requires a minimum of 300,000 TON, limiting availability for many institutions. Moreover, both staking models limit the number of delegates and require manual management, resulting in higher trading fees and reduced profits due to complicated pool monitoring.
Recognizing these limitations, Chorus One was developed TON poola solution specifically tailored to large-scale staking operations that eliminates inefficiencies and ensures smoother staking.
Key advantages of the TON pool
- Optimized yield potential: By consolidating rates and reducing transaction fees, TON Pool can maximize potential profits for institutions and their clients.
- Unlimited number of delegates: Unlike classic staking models that limit the number of delegates, TON Pool allows institutions to stake on behalf of an unlimited number of clients.
- Low minimum rate: With a minimum weight of just 10 TON (compared to 300,000 TON on other models), TON Pool makes stacking accessible to a wider range of users.
- Easy integration: Institutions can easily integrate TON Pool into their platforms, simplifying staking management and improving the user experience.
A simpler betting process with TON PoolCompared to classic betting models, TON Pool offers a significantly streamlined betting process. Instead of requiring operators to create and manage multiple pools, TON Pool consolidates all stakes under one address. Customers delegate once, pay one transaction fee, and the platform handles all the technical intricacies of distribution and stake management.
“TON Pool is our answer to the challenges faced by institutions investing in the TON blockchain,” he said Brian Fabian Crain, CEO of Chorus One. “We created this solution to eliminate unnecessary steps, reduce costs and provide a scalable option for institutions requiring a greater degree of flexibility. TON Pool makes staking more accessible, which we believe is essential to fueling the TON ecosystem.”
How to contactFor more information about TON Pool and to receive exclusive discounted commission rates, users can contact us at staking@chorus.one and register now to be among the first to experience streamlined, scalable Toncoin staking.
About Chorus OneChorus One is a leading institutional staking provider, supporting infrastructure for over 60 networks, including , Cosmos, , Near and others. Since 2018, Chorus One has been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in novel protocols through Chorus One Ventures. As an ISO 27001 certified provider, Chorus One also offers slashing and double signature insurance to its institutional clients. For more information, users can visit chorus.one or follow them on X (formerly Twitter) and LinkedIn.
ContactHari Iyerstaking@chorus.one
