The Good Tech Companies - Chorus One Introduces TON Pool: The First Institutional Solution For Scalable TON staking

Episode Date: October 31, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/chorus-one-introduces-ton-pool-the-first-institutional-solution-for-scalable-ton-staking. According to the team, high minimum staking requirements, limited delegator capacity, and the operational complexity of managing multiple pools are key challeng Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #chorus-one, #chainwire, #press-release, #chorus-one-announcement, #ton-blockchain, #blockchain-development, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Chorus One introduces TonPool, the first institutional solution for scalable TON staking, by Chainwire. Zug, Switzerland, October 31, 2024, Chainwire, Chorus One, a leading provider of staking infrastructure for over 60 networks, today announced the launch of TonPool, a new staking solution designed to simplify and optimize Toncoin staking for institutions and investors. With a focus on addressing the limitations of current staking models on the Ton blockchain, Tonpool offers 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

traction as a powerful platform for decentralized applications, but existing Toncoin staking mechanisms, such as the nominator pool and single nominator contracts, present significant limitations for institutional players. According to the team, high minimum staking requirements, limited delegator capacity, and the operational complexity of managing multiple pools are key challenges that prevent large institutions from efficiently staking Toncoin at scale. Currently, they add, the single nominator contract requires a minimum of 300,000 ton, limiting accessibility for many institutions. Moreover, both staking models restrict the

number of delegators and require manual management, resulting in higher transaction fees and reduced yields dueto complex pool monitoring. Recognizing these limitations, Chorus One developed TonPool, a solution specifically tailored for large-scale staking operations that eliminates inefficiencies and provides a more seamless staking experience. 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 versus 300,000 Ton in other models, TonPool makes staking accessible to a broader range of users. Effortless integration. Institutions

can easily integrate TonPool into their platforms, simplifying staking management and improving user experience. A simpler staking flow with TonPool compared toifying staking management and improving user experience. A simpler staking flow with TonPool compared to traditional staking models, TonPool offers a much more streamlined staking process. Instead of requiring operators to create and manage multiple pools, TonPool consolidates all staking into a single address. Customers delegate once, pay one transaction fee, and the platform handles all the technical complexities of distributing and managing the stake. Greater than is our response to the challenges institutions face when staking on greater than the TUN blockchain, said Brian Fabian Crane, CEO of ChorusOne. We built greater than this solution to remove unnecessary steps, lower costs, and provide a scalable greater-than option for institutions that require a higher degree of flexibility. Tonpool greater-than makes staking more accessible,

which we believe is essential to driving the greater-than-ton ecosystem forward. How to contact for more details about Tonpool and to get exclusive discounted commission rates, users can reach out at staking at chorus.one and sign up now to be among the first to experience streamlined, scalable Toncoin staking. About ChorusOne, ChorusOne is a leading institutional staking provider, operating infrastructure for over 60 networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, ChorusOne has been at the forefront of the 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, users can visit Chorus.one or follow them on X, formerly Twitter, and LinkedIn. Contact Hari Ayers taking a Chorus.one. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here, and thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.