IOST Partners with Top Staking Network- Moonstake
7 May 2021, IOST has formally joined forces with Moonstake to enable staking functionality for IOST coin on Moonstake 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 $993 million and the Moonstake platform is now one of the top 15 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. Recently, IOST experienced a tremendous 650% boost in market price due to its entrance into the DeFi and NFT arenas as well as getting staking support and increased staking volumes on major global exchanges such as Binance and Houbi.
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.
The full integration of Moonstake wallet shall happen within May, and Moonstake will also join the IOST ecosystem as a partner node.
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.”
Mitsuru Tezuka, Founder at Moonstake says:
“We’re excited to partner with IOST, an esteemed leading blockchain platform, to enable the IOST staking for our 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.”
Building a More Decentralized Ecosystem with Node Partner Communities
In order for the IOST protocol to continue to grow, the cooperation and contribution of the node community to the decentralized network remain vital. Entrusting the node community with the ecosystem network development is a building block for a more decentralized IOST ecosystem. AIYAA, one of the IOST node partners, has provided the necessary resources to promote this partnership with Moonstake. The successful reach of this strategic partnership is a step forward in the obtainment of the ecosystem growth by the node community.
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, Moonstake expanded its business and as of now, the 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.
If you would like to hang out with the IOST community on chat, social media, or to discuss product development, we have something for everyone:
- International English Telegram Group
- IOST Announcement Channel
- IOST Official Twitter
- IOST CTO Terry Wang Twitter
- IOST CEO Jimmy Zhong Twitter
- Slack Developer Community
- Uptrennd
- Facebook Page
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