Staking Pool Comparison: TonStake vs TonwWhales

TonWhales released a staking pool in early March 2022, and the ecosystem of Ton Blockchain has become more abundant.

Although I heard from the early mine owners in the group, because something happened between September and November last year , TonWhales was scolded by the foundation for a while. Therefore, based on the lessons learned from the past, the early mine owners had low trust in them.

As far as the process description explained by the project party is concerned, it can be roughly concluded that the two staking platforms have the same characteristics:

The automatic reinvestment earns compound interest, the pledge and de-pledge process is simple, the actual APY of the smart contract is about 11-15%, and the contract period is the same as 36 hours.

The slight differences between the two parties mainly lie in the commission and the minimum threshold:

TonStake's commission is 10%, and there is no minimum threshold for staking. TonWhales has a 25% commission and a minimum deposit of 50 TON.

As for the security part, TonStake and TonWhales have their own claims, both of which have been tested by TON smart contract experts (Note 1) , and no major risks have been found.

The only thing to note here is that no risk is found with current technology, but with the evolution of technology, security now does not mean security in the future.

" Detailed explanation of deposits and withdrawals from exchanges to TonStake "

By the way, our readers are reminded that investing in cryptocurrencies is potentially risky and please exercise caution when doing your research and making decisions.

Note 1:

At present, the "TON smart contract experts" mentioned by the project party generally refer to the listing review of the TON APP team.

As far as I know, the Ton Foundation has not conducted coding inspections on projects recently. On the one hand, it is time-consuming and labor-intensive, and on the other hand, the designer is also worried that the idea will be taken away before it is released, so the TON APP was born.

Before the project is listed on the TON APP, in addition to checking whether there are obvious vulnerabilities and attacking the program, the project will be listed on the TON APP page if no problems are found.

And before that, there will be a contract review. To put it simply, only the approved addresses will be marked, the TON APP will be listed only if they are approved, and they will be mentioned in the AMA of the TON Foundation only if they are approved.

Note 2: Part of the information is taken from https://t.me/toncoin_rus/281