Chorus One, a leading provider of staking infrastructure for over 60 networks, today announced the launch of TON Pool (NASDAQ:POOL), 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, TON Pool 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 limitationsThe 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 due to complex pool monitoring.
Recognizing these limitations, Chorus One developed TON Pool, a solution specifically tailored for large-scale staking operations that eliminates inefficiencies and provides a more seamless staking experience.
Key benefits of TON Pool
About Chorus OneChorus 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 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.
ContactHari Iyerstaking@chorus.one
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
