Peertec Launches its 2nd Custody Service “LUNA GROW” with 100% Annual Earning

GDAC also provides custodian service for COSMOS (ATOM), which topped USD 30 million lately.

Blockchain fintech company Peertec (http://peertec.com/) announced on February 18, 2020 the launch of the staking service for LUNA in technical partnership with Terra. Peertec’s GROW, the world’s first blockchain-based custodian service, is currently supporting Cosmos ATOM as its first custody service, entrusted with more than USD 30 million worth of assets. Peertec further expands the service by integrating LUNA into the service.

The service “LUNA GROW” will open as part of GROW on Peertec’s cryptocurrency exchange GDAC (http://gdac.com/) from February 24, 2020. GROW users can earn reward everyday by asset delegation.

In celebration of the launch of LUNA GROW, GDAC is holding an event distributing 100% of its annual reward (profit) from LUNA to delegators with a special offer of 0% service fee.

Peertec is a blockchain fintech company that operates a cryptocurrency exchange platform, custody services, and a B2B payment platform PeerPay.

Terra is a blockchain fintech company that supports blockchain-based payment systems to e-commerce platforms. In June last year, Terra entered the mobile payment market by partnering up with CHAI, a Simple Payment solution.

“LUNA GROW is a blockchain financial service that enables easy and safe storage, manage and trade of assets, and earn rewards,” said Ash Han, CEO of Peertec. “The service lowers the barrier to blockchain-based finance for the general public to participate in the market.”

“With its unique technology, GROW provides services including staked assets trading and early unbonding to LUNA GROW,” said Do Kwon, co-founder of Terra. “Such services help reduce the burden to users, which allows more assets to be delegated to the blockchain and further enhances the security of the blockchain.”

LUNA GROW is a financial service that includes elements of both Centralized Finance (CeFi) and Decentralized Finance (DeFi). It overcomes the limitations of the traditional financial system and plays a leading role in building the DeFi ecosystem.