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TON Pool: A New Staking Solution for the TON Blockchain

Barbara Streisand
Release: 2024-11-01 16:28:17
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With a focus on addressing the limitations of current staking models on the TON blockchain, TON Pool offers a flexible, cost-effective, and scalable staking solution that meets the needs of custodians, exchanges, wallets, and institutional investors.

TON Pool: A New Staking Solution for the TON Blockchain

Highlighting the limitations of current staking models on the TON blockchain, TON Pool emerges as a solution, offering a flexible, cost-effective, and scalable staking service for custodians, exchanges, wallets, and institutional investors.

A solution to Toncoin’s current staking limitations

The TON blockchain has been gaining popularity as a platform for decentralized applications, but existing Toncoin staking mechanisms, such as the Nominator Pool and Single Nominator contracts, present challenges for institutional players.

According to the team, high minimum staking requirements, limited delegator capacity, and operational complexity in managing multiple pools are key pain points that hinder large institutions from efficiently staking Toncoin at scale.

Currently, the Single Nominator contract requires a minimum of 300,000 TON, which limits accessibility for many institutions. Both staking models also restrict the number of delegators and require manual management, leading to higher transaction costs and reduced yields due to difficulty in monitoring multiple pools.

Recognizing these limitations, Chorus One has developed TON Pool, a solution specifically designed for large-scale staking operations, eliminating inefficiencies and offering a seamless staking experience.

Key benefits of TON Pool

A simpler staking flow with TON Pool

Compared to traditional staking models, TON Pool offers a much more streamlined staking process. While operators are typically required to create and manage multiple pools, TON Pool consolidates all staking into a single address. Customers只需delegate once, paying one transaction fee, and the platform handles the technical complexities of distributing and managing the stake.

“TON Pool is our response to the challenges institutions face when staking on the TON blockchain,” said Brian Fabian Crain, CEO of Chorus One. “We built this solution to remove unnecessary steps, lower costs, and provide a scalable option for institutions that require a higher degree of flexibility. TON Pool makes staking more accessible, which we believe is essential to driving the TON ecosystem forward.”

How to contact

For more details about TON Pool and to get exclusive discounted commission rates, users can reach out at institutional-sales@chorus.one, and sign up now to be among the first to experience streamlined, scalable Toncoin staking.

About Chorus One

Chorus One is 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 at the forefront of the Proof-of-Stake (PoS) industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading 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 information, visit chorus.one or follow on X (formerly Twitter) and LinkedIn.

Contact

Hari Iyer [email protected]

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