Breaking News: Chorus One Revolutionizes Toncoin Staking with TON Pool

A Game-Changing Solution for Institutions and Investors

Zug, Switzerland, October 31st, 2024, Chainwire

Chorus One, a pioneer in staking infrastructure for over 60 networks, has officially unveiled TON Pool (NASDAQ:), a cutting-edge staking solution tailored to simplify and optimize Toncoin staking for institutions and investors alike. In a bid to tackle the limitations of existing staking models on the TON blockchain, TON Pool emerges as a flexible, cost-effective, and scalable staking solution designed to cater to the needs of custodians, exchanges, wallets, and institutional investors.

Addressing Toncoin’s Current Staking Challenges

The TON blockchain has been gaining momentum as a robust platform for decentralized applications. However, the current Toncoin staking mechanisms, such as the Nominator Pool and Single Nominator contracts, pose significant challenges for institutional players. High minimum staking requirements, limited delegator capacity, and the operational complexity of managing multiple pools are among the key hurdles hindering large institutions from efficiently staking Toncoin at scale.

Introducing TON Pool: A Tailored Solution for Large-Scale Staking Operations

Recognizing the shortcomings of existing staking models, Chorus One has developed TON Pool, a solution specifically designed for large-scale staking operations. TON Pool eliminates inefficiencies and provides a seamless staking experience for institutional players, offering a range of benefits that include:

• Optimized Potential Yields: By consolidating stakes and reducing transaction fees, TON Pool maximizes potential yields for institutions and their clients.
• Unlimited Delegators: Unlike traditional staking models with limited delegator capacity, TON Pool allows institutions to stake on behalf of an unlimited number of clients.
• Low Minimum Stake: With a minimum stake requirement of just 10 TON (compared to 300,000 TON in other models), TON Pool makes staking accessible to a broader range of users.
• Effortless Integration: Institutions can seamlessly integrate TON Pool into their platforms, simplifying staking management and enhancing user experience.
  

  Streamlining the Staking Process with TON Pool
  

  Compared to traditional staking models, TON Pool offers a much more streamlined staking process. Instead of requiring operators to create and manage multiple pools, TON Pool consolidates all staking into a single address. Customers delegate once, pay one transaction fee, and the platform takes care of all the technical complexities involved in distributing and managing the stake.

  In the words of Brian Fabian Crain, CEO of Chorus One, "TON Pool is our response to the challenges institutions face when staking on the TON blockchain. 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 Get in Touch
  

  For more information about TON Pool and to take advantage of exclusive discounted commission rates, users can contact staking@chorus.one 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 Cosmos, Near, and others. Since 2018, Chorus One has been a trailblazer in the PoS industry, offering user-friendly, 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 details, users can visit chorus.one or follow them on X (formerly Twitter) and LinkedIn.

  For media inquiries, please contact Hari Iyer at staking@chorus.one.

  Read the original article on Chainwire

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  Analysis:
  

  In this groundbreaking announcement, Chorus One introduces TON Pool, revolutionizing Toncoin staking for institutions and investors. By addressing the limitations of existing staking models on the TON blockchain, TON Pool offers a game-changing solution that streamlines the staking process and maximizes potential yields. With a low minimum stake requirement, unlimited delegators, and effortless integration, TON Pool opens up new opportunities for institutions to stake Toncoin at scale.

  For those unfamiliar with finance, this development is significant as it simplifies and optimizes the staking process for Toncoin, making it more accessible to a wider range of users. By offering a seamless staking experience and eliminating inefficiencies, TON Pool paves the way for increased participation in the TON ecosystem, driving innovation and growth in the decentralized finance space. As institutions and investors explore this new staking solution, the impact of TON Pool could shape the future of staking on the TON blockchain and beyond.