Crypto.com Expands TON Staking with Tonstakers

The exchange Crypto.com has announced the native integration of Tonstakers as its exclusive staking TON provider.

Crypto.com already offered the staking service, but thanks to Tonstakers, it can now offer it through a native integration.

In this way, the over 100 million global users of the exchange can access the largest liquid staking protocol on TON easily, securely, and without problems.

Summary

• Tonstakers: Crypto.com adds native staking of TON
• Staking on TON
• The Open Network (TON)
• The crypto exchange Crypto.com
• The comment of Roman D

Tonstakers: Crypto.com adds native staking of TON

Tonstakers is a liquid staking protocol based on the TON blockchain.

It allows generating returns in TON by staking your Toncoin tokens.

Users, in addition to staking their TON, can also receive in exchange a liquid staking receipt token that can then be freely exchanged. At any time, they can return their liquid staking receipt token to remove their TON from staking and get them back.

The value of the liquid staking receipt token reflects all the rewards obtained through staking and generated over time.

Tonstakers is responsible for over 75% of the total Toncoin in liquid staking. According to Crypto.com, it is the ideal solution for users who wish to access liquid staking based on TON.

This partnership follows other recent similar integrations of Tonstakers on other major platforms, such as Bybit, OKX, Bitget, and Gate.

Staking on TON

The Open Network (TON) is a blockchain based on Proof-of-Stake (PoS).

This means that the validator nodes, in order to validate transactions, must have a certain number of TON staked. In exchange for this, they earn returns in TON.

TON (Toncoin) is the native cryptocurrency of The Open Network.

To stake TON tokens, however, it is not necessary to have a validator node. By using protocols like Tonstakers, it is possible to stake them in third-party nodes, thus receiving a portion of the earnings in return.

Such gains are not fixed, but they are necessary for the network’s functionality. Without the validator nodes, transactions would not be confirmed, and without rewards, the validator nodes would not validate the transactions.

However, there are risks in staking TON. Penalties can be imposed on nodes that validate blocks incorrectly, and using smart contracts like Tonstakers introduces additional risks related to security. The real value of staking rewards and the TON tokens also varies over time.

The Open Network (TON)

The TON ecosystem has recently attracted new interest from various players in the crypto sector. Tokens based on TON (such as Notcoin and DOGS) were listed on Kraken earlier this month.

It is undergoing a new wave of expansion, particularly in DeFi, ready to make a comeback after a consolidation period. Currently, the TVL of DeFi on TON has dropped to 177 million dollars, down from a peak above 700 million last summer.

The crypto exchange Crypto.com

Crypto.com is a well-known crypto exchange primarily based on a mobile app.

It has more than 100 million users and has been around for many years. Recently, it added the Tonstakers Earn service, a multi-ecosystem liquidity pool offering users diversified earning options.

The comment of Roman D

The CEO of Tonstakers, Roman D, stated:

> “This partnership simplifies access to TON staking for millions of users worldwide, allowing them to receive competitive rewards and increasing the adoption of DeFi within the ecosystem. Each partnership we form with world-leading platforms like Crypto.com increases accessibility and boosts liquidity within the TON ecosystem.”