Chorus One introduces TON Pool – The first institutional solution for scalable TON staking

October 31, 2024 – Zug, Switzerland

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Choir Onea leading provider of staking infrastructure for over 60 networks, today announced the launch of TON Pool, a new staking solution designed to simplify and optimize Toncoin staking for institutions and investors.

Focusing on addressing the limitations of current staking models on the TON blockchain, TON Pool provides a flexible, cost-effective and scalable staking solution that meets the needs of custodians, exchanges, wallets and institutional investors.

A solution to Toncoin’s current staking limitations

The TON blockchain is gaining ground as a powerful platform for DApps (decentralized applications), but existing Toncoin staking mechanisms – such as Nominator Pool and Single Nominator contracts – presents significant limitations for institutional actors.

According to the team, high minimum stake requirements, limited delegation capacity, and the operational complexity of managing multiple pools are key challenges preventing large institutions from efficiently staking Toncoin at scale.

Currently, they add, the Single Nominator contract requires a minimum of 300,000 TON, limiting affordability for many institutions.

Moreover, both staking models restrict the number of delegators and require manual management, resulting in higher transaction fees and reduced returns due to complex pool monitoring.

Recognizing these limitations, Chorus One developed the TON Pool – a solution specifically tailored for large-scale staking operations that eliminates inefficiencies and provides a simpler staking experience.

Key benefits of TON Pool

• Optimized potential returns – By consolidating stakes and reducing transaction fees, TON Pool can maximize potential returns for institutions and their clients.
• Unlimited delegates – Unlike traditional staking models that limit the capacity of the delegator, TON Pool allows institutions to stake on behalf of an unlimited number of clients.
• Low minimum stake – With a minimum of only 10 TONS – against 300,000 TON in other models – TON Pool makes betting accessible to a wider range of users.
• Effortless integration – Institutions can easily integrate TON Pool into their platforms, simplifying stake management and improving the user experience.

A simpler parking flow with TON Pool

Compared to traditional staking models, TON Pool offers a much simpler staking process.

Instead of requiring operators to create and manage multiple pools, TON Pool consolidates all staking into a single address.

Clients delegate once, pay a transaction fee, and the platform handles all the technical complexities of stake distribution and management.

Brian Fabian Crain, CEO of Chorus One, said:

“TON Pool is our answer to the challenges institutions face when staking on the TON blockchain.

“We built this solution to eliminate unnecessary steps, reduce costs and provide a scalable option for institutions that require a greater degree of flexibility.

“TON Pool makes staking more accessible, which we believe is essential to furthering the TON ecosystem.”

How to contact

For more details on TON Pool and to get exclusive low fees, users can contact here and sign up now to be among the first to experience simplified and scalable Toncoin staking.

About Chorus One

Choir 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 PoS (proof-of-stake) industry, providing 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 supplier, Chorus One also offers cut and double sign assurance to its institutional customers.

For more information, users can access the following links.

Website | X | LinkedIn

Contact

Hari Iyer, Chorus One