TON Pool by Chorus One Emerges as a Purpose-Built Solution for Institutional Investors

The Open Network (TON), initially launched by Telegram and later spun out, has rapidly become a key Layer 1 blockchain. Its integration with the Telegram application and rapid user growth, especially in emerging markets, have been crucial to this ascent.

However, despite this impressive growth, there is a critical gap in the TON ecosystem: the lack of institutional-grade staking infrastructure. Existing staking mechanisms on TON, such as community-run pools and native validators, come with significant capital commitments, cumbersome manual processes, and scalability limitations that present considerable challenges for institutional investors.

Recognizing this unmet need, Chorus One, a leading provider of institutional staking infrastructure for major blockchains, is bridging this divide with the launch of TON Pool. Unveiling this next-generation staking solution at TOKEN2049 in Dubai, where the cryptocurrency world converges, Chorus One is inviting institutions to join the TON ecosystem.

Institutions can now participate in securing the TON network and earn staking rewards with a specially designed and optimized pool, built to meet the unique demands of institutional investors. This launch marks a pivotal moment for both Chorus One and the broader cryptocurrency industry.

Why Is Institutional Staking on TON Critical?

The rapid rise of the TON blockchain has caught the attention of institutional investors worldwide. Its potential for mass adoption is fueled by its deep integration with a widely used messaging application, setting the stage for network growth. But existing avenues for staking TON have presented significant hurdles for these larger players.

Institutions typically invest in large sums, and the capital outlay required to operate native validators on TON is substantial, with demands reaching as high as 600,000 TON. This financial barrier has effectively prevented many institutions from directly participating in securing the network and earning staking rewards.

Beyond the financial aspect, the operational complexities of traditional staking methods on TON contribute to the difficulties. Manual processes for managing staking activities are inefficient and prone to errors, especially when dealing with the large capital allocations typical of institutional investors.

Furthermore, the scalability of traditional nominator contracts on TON is limited, often capped at around 40 addresses per pool. This constraint makes it challenging for institutions with numerous clients or complex fund structures to efficiently manage their staking activities.

Additionally, institutions operate under strict compliance frameworks. The lack of clearly defined and compliant staking solutions on TON, along with the absence of features like partial withdrawals, crucial for efficient treasury management, poses further challenges for institutional adoption of the network.

While the potential of the TON network is undeniable, the existing staking infrastructure has not been adequately equipped to accommodate the specific needs and regulatory obligations of institutional participants. This is where Chorus One’s TON Pool comes into play.

Introducing TON Pool: A Purpose-Built Solution for Institutions

Step up the institutional involvement in Layer 1s. A global leader in institutional blockchain infrastructure, Chorus One today announced the launch of TON Pool, a next-generation staking solution for institutions seeking to engage with the Open Network (TON) ecosystem.

This launch, taking place at TOKEN2049 in Dubai, marks a pivotal moment for both Chorus One and the broader cryptocurrency industry. As the industry descends upon Dubai for one of the largest blockchain events of the year, Chorus One stands ready to showcase TON Pool, setting a new benchmark for institutional participation in the TON network.

This launch comes at a critical time for the cryptocurrency industry, with regulatory scrutiny increasing and institutions seeking new avenues for yield in a rapidly changing macroeconomic landscape.

TON Pool is a fully compliant and scalable staking solution that is designed to meet the unique demands of institutional investors. It offers several advantages over existing staking mechanisms on TON, including:

• Lower barrier to entry: Unlike native validators which require a minimum capital commitment of 300,000 to 600,000 TON, and community-run pools which have a minimum entry of 50,000 TON, institutions can begin staking with TON Pool from just 10 TON. This drastically lowers the threshold for institutional participation in the TON ecosystem.

• Scalability: Traditional nominator contracts on TON have a limited capacity, typically capped at around 40 addresses per pool. However, TON Pool is designed to be highly scalable, with no limit on the number of delegators that can join the pool. This is essential for institutions that manage multiple client portfolios or large, complex funds.

• Automated processes: Critical staking processes are automated in TON Pool, which handles validator selection and stake distribution, streamlining the entire lifecycle of staking and reducing the need for manual intervention. This optimization saves time and resources, and crucially minimizes the risk of human error.

• Partial withdrawals: Recognizing the importance of liquidity for institutional treasury management, TON Pool offers support for partial withdrawals, providing greater flexibility in managing staked assets.

•24/7 monitoring & optimization: The Chorus One team continuously monitors and maintains the smooth operation of the TON Pool. This includes round-the-clock surveillance of validators to ensure optimal performance and