As a seasoned analyst with over two decades of experience in the blockchain industry, I have seen countless solutions promising to revolutionize staking infrastructure for various networks. However, few have managed to address the unique challenges faced by institutional players as effectively and comprehensively as Chorus One’s TON Pool.
Zug, Switzerland, October 31st, 2024, Chainwire
One way to rephrase this announcement is: “Chorus One, a top provider of staking infrastructure for more than 60 networks, unveiled the debut of TON Pool – a tailored staking solution specifically developed to streamline and optimize Toncoin staking for organizations and investors. By targeting the shortcomings inherent in existing staking models on the TON blockchain, TON Pool provides a versatile, affordable, and scalable staking solution that caters to custodians, exchanges, digital wallets, and institutional investors.
A solution to Toncoin’s current staking limitations
The TON blockchain is growing in popularity as a robust foundation for decentralized apps, however, the current methods for Toncoin staking – like the Nominator Pool and Single Nominator agreements – pose substantial challenges for institutional investors.
Based on their findings, some major hurdles that stop big organizations from effectively staking Toncoin in large quantities include stringent minimum deposit amounts, restrictions on the number of delegators, and the intricacy involved in managing numerous pools, which adds to the operational complexity.
Presently, the Single Nominator contract imposes a minimum requirement of 300,000 TON, which makes it less accessible for numerous institutions. Additionally, both staking models cap the number of delegators and necessitate manual management, leading to increased transaction costs and lower yields as a result of intricate pool supervision.
Acknowledging these constraints, Chorus One created TON Pool, a customized solution designed for extensive staking activities. This innovation aims to eradicate inefficiencies and offers a smoother staking journey.
Key benefits of TON Pool
- Optimized potential yields: By consolidating stakes and reducing transaction fees, TON Pool can maximize potential yields for institutions and their clients.
- Unlimited delegators: Unlike traditional staking models that limit delegator capacity, TON Pool allows institutions to stake on behalf of an unlimited number of clients.
- Low minimum stake: With a minimum of just 10 TON (vs. 300,000 TON in other models), TON Pool makes staking accessible to a broader range of users.
- Effortless integration: Institutions can easily integrate TON Pool into their platforms, simplifying staking management and improving user experience.
A simpler staking flow with TON Pool
Instead of the complicated method used in conventional staking models where operators have to establish and oversee numerous pools, TON Pool simplifies the staking procedure significantly. By merging all staking activities into a solitary address, TON Pool eliminates the need for operators to set up multiple pools. This means that customers only need to delegate their stake once, pay a single transaction fee, and leave the technical intricacies of distributing and managing the stake to the platform.
Brian Fabian Crain, CEO of Chorus One, commented on TON Pool, stating it’s designed to tackle the hurdles institutions experience when participating in staking on the TON blockchain. By streamlining processes, reducing costs, and offering a scalable solution that caters to institutional needs for flexibility, we aim to make staking more convenient. We believe this accessibility is crucial for fostering growth within the TON ecosystem.
How to contact
To learn more about the TON Pool and secure special reduced commission fees, users are encouraged to contact us at [staking@chorus.one](mailto:staking@chorus.one). Don’t miss out on being an early adopter of seamless and efficient Toncoin staking by signing up promptly!
About Chorus One
Chorus One is a top-tier staking service provider, managing infrastructure for over 60 networks such as Ethereum, Cosmos, Solana, Avalanche, Near, and more. Since its inception in 2018, it has been a trailblazer in the Proof of Stake (PoS) sector, providing user-friendly, high-quality staking solutions for businesses, conducting cutting-edge research, and backing groundbreaking protocols through Chorus One Ventures. As an ISO 27001-certified provider, it also offers slashing and double-signing insurance to its institutional clients. For further details, users can explore chorus.one or connect with them on X (formerly Twitter) and LinkedIn.
Contact
Hari Iyer
staking@chorus.one
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2024-10-31 22:12