TON Pool: The First Institutional Solution for Scalable TON staking

Chorus One, a leading provider of staking infrastructure for over 60 networks, today announced the launch of TON Pool, a new staking solution designed to simplify

Chorus One, a major provider of staking infrastructure for over 60 networks, announced the launch of TON Pool on Monday, a new staking solution designed to simplify and optimize Toncoin staking for institutions and investors at large.

The TON blockchain has seen a surge in popularity as a platform for decentralized applications. However, current Toncoin staking mechanisms, such as the Nominator Pool and Single Nominator contracts, come with their own set of limitations, especially for institutional players.

Chorus One has identified high minimum staking requirements, limited delegator capacity, and the operational complexity of managing multiple pools as some of the key challenges faced by large institutions when attempting to efficiently stake Toncoin at scale.

At present, the Single Nominator contract on the TON blockchain requires a minimum stake of 300,000 TON, which may limit accessibility for many institutions. Furthermore, both staking models, as they stand, restrict the number of delegators and require manual management, which can result in higher transaction fees and lower yields due to the need for complex pool monitoring.

Chorus One, recognizing these limitations, has created TON Pool as a solution specifically tailored for large-scale staking operations, designed to eliminate inefficiencies and provide a more seamless staking experience.

Compared to traditional staking models, TON Pool offers a much more streamlined process for institutions. Rather than requiring operators to create and manage multiple pools, TON Pool consolidates all staking into a single address. Customers只需 delegate once, paying a single transaction fee, while the platform handles the technical complexities of distributing and managing the stake.

“TON Pool is our response to the challenges faced by large institutions when attempting to stake 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.”

The above is the detailed content of TON Pool: The First Institutional Solution for Scalable TON staking. For more information, please follow other related articles on the PHP Chinese website!