Moonstake Celebrates Our First Anniversary - World's Top 10 Staking Providers in One Year
SINGAPORE, Apr 20, 2021 - (ACN Newswire) - This April, Moonstake celebrates its 1 year anniversary. We've come a long way since our official launch, having established a strong position in the POS market in less than a year. Today, Moonstake total staking assets have reached over $900 Million and are entrusted by core blockchain companies as business partners and crypto users from all over the world. We've grown to become one of the top 10 staking providers in the world.
On the celebration of Moonstake's first anniversary, Founder of Moonstake, Mitsuru Tezuka, says: "2020 was an incredible first year for Moonstake. We achieved over $900 Million in staked assets and earned the trust of investors and businesses worldwide with our staking wallet as well as staking-as-a-service solutions. In just one year, we've become one of the top 10 staking providers in the world. We're very excited to see how the Moonstake ecosystem will continue to grow from 2021 onwards, especially in the DeFi space, and we hope to experience all of it together with you again this year. Thank you for always supporting us!"
Let's revisit Moonstake's milestone and look forward to the exciting future of Moostake from 2021 onwards with CEO Lawrence Lin and Shogo Ishida, Moonstake's Senior Advisor.
Lawrence Lin: Hello, I'm Lawrence Lin, the CEO of Moonstake. It has been 1 year since we debuted Moonstake staking business with the aim to create the biggest staking network in Asia. We developed the most user-friendly staking wallets: Moonstake Web Wallet for web browsers and Moonstake Mobile Wallet on iOS/Android with support for over 2000 cryptocurrencies. Now, 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 and most recently, Orbs.
Moonstake has also forged strategic partnerships with leading industry players, including public blockchains such as Emurgo (global blockchain solutions provider and founder of Cardano), NEO, Ontology, Wanchain, and decentralized projects Pundi X, RAMP DEFI, TZ Ventures, RockX, Stake Technologies, Orbs, Unido, and more. These partnerships not only allow Moonstake to enable staking of more PoS coins for our users but also make Moonstake's technology ecosystem more accessible to the global staking community.
Question: What are the biggest adoption barriers for Proof of Stake and Staking right now and how should we solve them for investors and also blockchain businesses?
Lawrence Lin: Definitely the lack of awareness and the still inaccessible user experience. The public mostly know about "the cryptocurrency with crazy price change" that is Bitcoin, but PoS coins aren't as prominent to the masses, especially since trading to make a profit is much easier to adopt due to being similar to investing with other asset classes like stocks, real estate, gold, etc. In reality, staking is basically like putting your savings into a bank, but much safer since it's on a decentralized network instead of the centralized banking system.
However, staking isn't simply putting money in a safe. It's an activity that impacts the operations of the blockchain network since it's essentially selecting the validators (miners) to facilitate transactions. Such added technical complexities might make staking seem too intimidating to the average crypto investor, and even more so for businesses looking to adopt blockchain.
Moonstake works to accelerate adoption of staking by addressing both these pain points for investors and businesses. By hosting initiatives like educational webinars and collaborating both blockchain projects and institutions, we want to help spread awareness of blockchain and decentralized technologies more effectively. At the same time, we develop the user-friendly Moonstake Wallet that supports only the most highly demanded PoS coins through official partnerships with the blockchain projects so that investors can earn well from their idle funds with optimal yield without having to deal with the technical complexities of PoS blockchains. We also offer Moonstake staking pool and node solutions to enterprises so that they can start utilizing and benefiting from implementing blockchain in their business with plug-and-play ease.
Question: You have been professed to enter the DeFi domain, but what kind of development does Moonstake plan to try in the DeFi domain?
Shogo Ishida: Recently, we announced their DeFi project Muse.Finance on March 31st. In addition to creating its own products, Muse.Finance will also be widely accepting applications from DeFi products that wish to connect to Its platform. This is a decentralized platform that allows crypto asset holders to profit from lending through wrapped assets while participating in staking and yield farming at the same time. Its ecosystem design, consisting of Muse Swap, Muse Lending and Muse Wrap, connects the DeFi ecosystem of tokens issued on Ethereum (ERC-20) with Ethereum 2.0 to create a liquidity-generating PoS platform. In addition, by using advanced cross-chain technology, Muse.Finance is expanding its crypto-asset economic zone, starting with Cardano and extending its service offerings to Polkadot, Solana, Oasis, Terra, Centrality and others.
Muse.Finance will launch its first product, a wrap and swap platform, in May. Later in the year, we will gradually enhance Muse DeFi platform with Lending and Yield Farming.
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. https://www.moonstake.io/
Sectors: FX & Digital Currencies
Copyright ©2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
More Latest Release >>
Mitsubishi Corporation Participates in Laos Wind Farm Project
Jun 16, 2021 18:00 JST
Star Alliance, NEC and Sita Sign Teaming Agreement, Paving the Way to Expand Touchless Journeys Across Member Airlines
Jun 16, 2021 14:15 JST
Vodafone names NEC as a key partner for 5G massive MIMO radio units supporting commercial deployment of Open RAN in the UK
Jun 15, 2021 15:22 JST
Fujitsu to Initiate On-Site Vaccinations for Employees in Japan
Jun 15, 2021 11:59 JST
Eisai to Divest Rights for Zonegran in Europe and Other Regions to Advanz Pharma
Jun 15, 2021 09:00 JST
JAXA and Honda to Begin a Feasibility Study on a Circulative Renewable Energy System
Jun 14, 2021 19:38 JST
One-Two in Race 100 for TOYOTA GAZOO Racing
Jun 14, 2021 12:20 JST
JCB Accelerates Business Expansion in ASEAN Region with Opening of New Department in Singapore
Jun 14, 2021 12:00 JST
All-New Lexus NX Premieres, Heraldling the Start of the Lexus Next Chapter
Jun 14, 2021 05:25 JST
Honda Announces the Establishment of Ashirase, Inc., a Startup Originated from IGNITION, a Honda New Business Creation Program
Jun 11, 2021 18:09 JST
Honda Begins Company-wide Expansion of its New Business Creation Program, "IGNITION," to Help Realize Ideas and Dreams of Honda Associates
Jun 11, 2021 17:10 JST
NEC upgrades its greenhouse gas reduction target to SBT1.5degC and joins RE100, a global renewable electricity initiative
Jun 11, 2021 11:02 JST
Northgate Public Services to improve patient experience and outcomes with acquisition of Vantage Health
Jun 11, 2021 10:24 JST
Drax and Mitsubishi Heavy Industries Sign Pioneering Deal Towards Delivery of the World's Largest Negative Emissions Project
Jun 10, 2021 17:12 JST
Showa Denko Contracts with Seagate to Jointly Develop HAMR Technology-based HD Media
Jun 10, 2021 15:00 JST
Honda and Komatsu Announce the Start of Joint Development of Micro Excavators Powered by Swappable Batteries
Jun 10, 2021 14:48 JST
Honda Launches All-New Civic Hatchback Teaser Page on its Company Website
Jun 10, 2021 12:33 JST
Toyota's New Land Cruiser Makes World Premiere
Jun 10, 2021 09:29 JST
The 10th edition of Big CIO Show virtually convened India's top CIOs
Jun 09, 2021 15:22 JST
Eisai Receives Special Prize at Platinum Career Award 2021
Jun 09, 2021 13:44 JST