It's been over a year since Meher and I started Chorus One. Back then the world of staking was in its very beginning. The habitat of the validator was mostly whitepapers. There were a few early warriors on Cosmos and Tezos testnets, but little idea of the shape things will take. Since then it has become crowded. Staking and generalized mining have become crypto buzzwords. And with lots of competent validators vying for attention, it’s easy to feel lost in an ocean of choice.
What makes validators different? And in particular, what makes Chorus One different? We have spent countless hours grappling with that question. The right answer often eluded us. But just as we have reached the inflection point for proof-of-stake with the launch of Cosmos, our vision has come together too. It feels clear where we need to go. It feels true to who we are and why we are here. We can see the outlines of the impact that we want to create. And we’re excited because it’s a destination worth fighting for.
Today, I want to lay out to you where we are heading. This is particularly directed to those of you, who are now deciding what validator to work with. This is the beginning of our journey and if you think this is a journey worth embarking upon, we’d love to have you come along with us.
What we strive to create is:
A community of engaged token holders that work together to shape the future of decentralized networks.
Let’s dive in and explore what that means for us and what we’ll do to deliver on that vision:
1. Education and Research
Goal: Provide objective, high-quality information, analysis and data about the networks we work with.
Blockchain networks are complex and evolving systems. Documentation is often poor. Information scattered. Accurately understanding how networks are being used and where they are going is difficult. But this information is critical for a community to emerge and drive the success of a network.
We are committed to providing high quality, in-depth and unbiased insights and analysis on the networks that we work with. This has been close to my heart for years. We've adopted the same vision at Epicenter, where we have been producing in-depth interviews every week since 2014. We have made almost 300 interviews, and our episodes have been listened to 4.5 million times. At Chorus One, we’re dedicated to creating the same quality content. But it’s not just Meher and myself, our team members Brendan and Felix have been producing world-class content as well.
Here is what you can expect from us:
- Regular blog posts about staking and the networks we work with (e.g. The Key Ideas Behind the Cosmos Network).
- In-depth analysis of blockchain networks (e.g. 26-page Loom Investment Thesis).
- Regular text and video updates (e.g. Staking Economy).
- Interviews, livestreams and more.
Today, all of this content is available for free, though we give early access to our community. While most content will remain accessible for everyone, we plan to create community-only content as well soon.
We are also currently building systems to perform data analysis on blockchain activity. What are transaction volumes? What’s the average transaction fee? Is the network growing at an expected pace? We are creating tools so you’ll be able to see in real-time how networks are performing and developing.
Goal: Support token holders in understanding and participating in governance decisions.
In the beginning, power in a blockchain project is naturally concentrated. There is a single team that can decide what pursue and what features to build. But blockchains aren’t just a different type of database. They allow us to build large system that help thousands and potentially millions of people to coordinate and come to agreement. For a project to succeed in this process, power needs to become decentralized and a community needs to emerge.
At Chorus One, we are huge proponents of on-chain governance, as it is the only way to massively scale decision making. But it’s not enough to have a governance system, if the stakeholders are ill-informed and do not participate.
We will help token holders with participating in governance, shaping the course of the networks they’re engaged in and play a key role in building the future of human coordination.
Our mission is to build a community of token holders that value the long-term sustainability and health of these networks. A community that strives for genuine decentralization. A place where we balance our economic self-interest with the change we want to create for the world.
Goal: We help token holders to use their tokens securely and effectively and generate the best possible returns.
Finally, we are building the tools and infrastructure that allows people to stake their tokens securely and maximize the rewards they can obtain. Many staking providers see that as their sole reason for existence. And it’s also something we have spent a tremendous amount of time on.
We have been working on all aspects of building the most robust infrastructure for staking - whether it's designing an advanced cryptographic key management system, building a highly available validation infrastructure or investing in monitoring and analytics. Token holders will be able to delegate to us and know that their assets are secure and generating the best returns. You can read more about our architecture and infrastructure here.
Call to Action
So this is Chorus One. Our promise is that we will only work with networks we deeply believe in. We will treat governance and network support as crucial responsibilities. We will provide great information and education to token holders so they can actively shape how these networks develop.
We believe in a future, where power is distributed through decentralized networks, where communities are collaborative and well informed, and where progress is driven collectively. Join us if you share our values. Because we’re committed to creating that future.