FIO and Moonstake Launch Staking Tournament with 100k $FIO in Prizes
FIO is excited to partner with Moonstake on a staking tournament that includes 100,000 FIO tokens in prizes! The staking tournament will run from June 1 — June 15.
First place winner will receive 20,000 FIO Tokens and must stake a minimum of 200,000 FIO Tokens.
Second place prize will have 2 winners of 10,000 FIO Tokens each and must stake a minimum of 100,000 FIO Tokens.
Third place prize will have 5 winners of 4,000 FIO Tokens each and must stake at least 40,000 FIO Tokens.
Also, 100 randomly selected participants will share a total prize pool of 40,000 FIO Tokens. To be selected for this pool, you must have a minimum of 1,000 FIO Tokens staked.
How to participate:
- Download the Moonstake wallet
- Stake $FIO tokens
- Follow FIO and Moonstake, retweet the staking tournament announcement
- Fill out this Google form
Moonstake Wallet has FIO staking live and the process to your tokens is very simple to do within their wallet. Staking of your FIO tokens is a great way to participate in the governance of the FIO Protocol and earn passive rewards for your participation in staking. Staking on FIO’s mainnet went live in January, so the earlier and more you stake, the more rewards you can earn. FIO tokens can also be easily unstaked at any time, but just know that there is a 7 day unstaking period where tokens will remain locked for 7 days after choosing to unstake. Being able to stake where FIO tokens remain in your wallet and just remain locked while staking is a great feature as some other cryptocurrency staking protocols require you to deposit your tokens into a 3rd party wallet where you no longer have control of your assets.
Staking within the Moonstake Wallet is very easy to do in only a few steps. Once you have FIO tokens in your wallet, simply open the wallet, and select FIO Tokens, and you can deposit and stake FIO Tokens from there. You have the option to enter either the number of tokens you want to stake, or the dollar value of the tokens you want to stake. Here is a short video that shows you step by step how to stake within the Moonstake wallet.
1. Only the staking amount staked during the duration of this campaign is eligible.
2. You must keep this staking amount staked during the entire period of the campaign to qualify for the reward.
3. We will choose the stakers with the highest staking amount as the winner of the 1st, 2nd, and 3rd prizes.
4. Rewards will be distributed within 14 working days after the end of the staking tournament.
5. The FIO team and the Moonstake team reserve the right to interpret the above event at their sole discretion.
Moonstake is the world’s leading staking service provider that develops and operates decentralized wallet services for businesses and individuals.
Since its launch in April 2020, Moonstake has partnered with 27 leading platform providers, including Cardano’s constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange.
Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools.
About Moonstake’s staking business
For the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 12 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year.
FIO, the Foundation for Interwallet Operability, is a decentralized consortium of blockchain organizations and community members supporting the ongoing development, integration, and promotion of the FIO Protocol. The protocol is an open-source, decentralized usability layer solution that works across all blockchains, and uses human-readable Crypto Handles to replace the complexity, risk, and inconvenience that comes with blockchain-based transactions using public addresses. FIO Protocol is built on the FIO Chain, a dPoS blockchain fueled by ecosystem utilization of the FIO Token ($FIO).