SINGAPORE, May 7, 2021 – (ACN Newswire) – Today,
Moonstake announces it has formally joined an alliance with
the IOST blockchain. Through this partnership, Moonstake
will collaborate with the IOST development team to enable
staking functionality for IOST coin on our
wallets.
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 now sit at over $900 million and the
Moonstake platform is now one of the top 10 largest staking
service providers globally in just one year. The Moonstake’s
staking community can easily earn staking rewards from all
the high-demand PoS coins on the market including Cosmos,
IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot,
Quras, Centrality, Orbs, and soon, IOST.
Meanwhile,
IOST is an enterprise-level blockchain network developed for
online service providers. It utilizes a unique, breakthrough
consensus algorithm called “Proof of Believability” (PoB)
that allows high transaction throughput speeds while all the
nodes stay compliant.
With seasoned development teams
and robust enterprise partnership networks across the globe,
the collaboration between Moonstake and IOST promises to
bring about a satisfactory staking experience for IOST
holders on Moonstake Wallet.
Mitsuru Tezuka, Founder
at Moonstake says: “We’re excited to partner with IOST, an
esteemed leading blockchain platform, to enable the IOST
staking for token holders on Moonstake Wallet. The demand
for IOST staking has been on the rise on the market recently
following the many great strategic achievements of the IOST
network and we can’t wait to bring this much-requested
feature to our users. Moonstake also looks forward to
potential deeper collaboration opportunities in different
fields of decentralized technology with the innovative
experts at IOST.”
Jimmy Zhong, CEO at IOST says:
“We’re pleased to collaborate with Moonstake, one of the
world’s top 10 largest staking providers with user-friendly,
secure, and highly powerful staking wallets. IOST is always
looking to partner with reputable projects and so far, we
are very much impressed with the market position Moonstake
has achieved in just one year since launch. We look forward
to increased adoption of IOST staking and the IOST network
following the launch of IOST staking on Moonstake Wallet as
well as further collaboration opportunities with the
Moonstake team.”
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 900 Million.
About
IOST
Supported by Sequoia, Matrix, ZhenFund, and other
major investors, IOST is an enterprise-level blockchain
platform developed for online service providers.
The
IOST project team is currently mainly composed of R&D
personnel focusing on blockchain distributed technology. The
team is formed by experienced blockchain industry experts
who have graduated from world top universities such as
Princeton, Stanford, MIT, Tsinghua University, and Beijing
University.
With a two-year-old mainnet, IOST has
swiftly risen to become a world-leading public chain
renowned for its numerous government collaborations and
enterprise partnerships around the world. IOST is one of the
Big Four public chains with a rich user base and real
applicability alongside Ethereum, EOS, and TRON. 500,000
community members, over 20 countries worldwide, over 400
nodes, top staking economy, and growing.