SINGAPORE, Mar 16, 2021 – (ACN Newswire) – Moonstake
announces today that it has signed an MOU with Orbs, a
hybrid blockchain infrastructure with enterprise-grade
scale, security, and support.
Through
this collaboration, Moonstake will soon support the staking
of ORBS, Orbs’ official token, on Moonstake Wallet, as well
as participate further in the Orbs blockchain ecosystem. The
two parties will also host community building programs,
research, training, events, and conferences with the goal to
increase awareness and adoption of Blockchain and
Distributed Ledger Technology in the Banking and Finance
Industry. Moonstake and Orbs will discuss further potential
provision of consulting services to financial institutions
in the regions of Southeast Asia and Middle
East.
Moonstake started in the staking business last
year with the aim to create the largest staking network in
Asia. Since then, Moonstake has developed the most
user-friendly wallets for both Web Wallet and Mobile Wallet
(iOS/Android) that are compatible with over 2000
cryptocurrencies. After a full-scale operation launched in
August 2020, Moonstake’s total staking assets have grown
rapidly to reach USD 800 Million in staked assets in 6
months. Within a year of its founding, Moonstake became
ranked in the top 10 of the world’s staking service
providers and it continues to expand its business
strongly.
Meanwhile, Orbs is a prominent hybrid
network with a focus on converting businesses to blockchain.
The company has partnered with industry leaders from both
traditional and decentralized technology sectors, such as
IBM and Consensys respectively, to bring blockchain to the
field of telecommunications. ORBS, the native token that
fuels all activities on the Orbs blockchain including smart
contracts, transaction fees, and consensus-based storage is
currently ranked #5 in the Top 10 trending crypto coins by
CryptoCrunchApp.
Orbs’ vision is to build digital
trust at scale by turning the trust-enabling technology of
blockchain into a viable competitive strategy for businesses
worldwide. By entering into a strategic partnership with
Moonstake, the two companies can collaborate to accelerate
global awareness and adoption of blockchain and distributed
ledger technologies in the field of finance
together.
Mitsuru Tezuka, Founder at Moonstake says:
“We are very pleased to be a partner with Orbs, the biggest
blockchain company in Israel. Moonstake provides easy access
for staking globally. Together, we can accelerate global
awareness and adoption of blockchain technology for both
users and businesses.”
Daniel Peled, Co-founder and
CEO at Orbs says: “Orbs is thrilled to be partnered with
Moonstake, one of the top 10 staking providers in the world.
Through this partnership, we will accelerate the adoption of
decentralized technologies and services in the field of
finance for the Southeast Asia and the Middle Eastern
market.”
About Moonstake
Moonstake was recently
established to develop a staking pool protocol to satisfy
increasing demands in regional and global blockchain
markets. Moonstake develops a staking pool protocol and
provides business services through partners and
companies.
Moonstake aims to be the largest staking
pool network in Asia by providing an active environment for
crypto asset holders. Establishing a clear partnership
roadmap with Moonstake represents another significant
milestone for continuing to strengthen ties with leading
platforms across Asia’s burgeoning Distributed Ledger
Technology (DLT) ecosystem. Partnership has been announced
with Emurgo, Ontology and NEO to boost staking adoption,
Binarystar, Japan’s biggest blockchain hub, OIO Holdings
Limited (SGX: OIO), a Singapore-listed company. Industry’s
reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI
support Moonstake’s innovative journey.
With a
full-scale operation launched in August 2020, we expanded
our business and as of now, our total staking assets
exceeded over USD 800 Million. https://www.moonstake.io/
About
Orbs
Orbs is a free, open-source, public blockchain
infrastructure designed for mass usage applications,
providing enterprise-grade scale, security and support. Orbs
blockchain network expands the offerings of public
blockchains by supporting permissioned applications
developed by existing for-profit businesses, while also
supporting purely decentralized apps and being a prime
platform for launching decentralized finance applications.
Founded in 2017, Orbs is being developed by a dedicated team
of more than 30 people out of its offices in Tel Aviv,
Israel, London, UK, Singapore, and Seoul, South Korea. Orbs
was named Gartner’s “Cool Vendor in Blockchain Technology”
for 2018. https://www.orbs.com/