IOST’s partnership with Moonstake enables staking functionality for the IOST coin on Moonstake wallets. The collaboration promises to bring a satisfactory staking experience for IOST holders on the Moonstake wallet.
IOST has announced that it is partnering with leading staking network, Moonstake. The partnership will focus on enabling the staking functionality for the IOST coin on Moonstake wallets. Moonstake aims to create the largest staking network in Asia and has also developed user-friendly wallets for web and mobile wallets. These wallets are compatible with over 2000 cryptocurrencies.
One Of The Top Staking Service Providers
Launched in August 2020, Moonstake has established itself as one of the largest staking services providers, with staking assets worth over $900 million. In addition, Moonstake’s community can earn staking rewards from high-demand PoS coins like Harmony, Tezos, Qtum, Cardano, Polkadot, and several others. Soon, IOST will also be added to the list of coins.
IOST Experiences A Huge Boost
IOST also experienced a surge of 650% in its market price. The surge was driven thanks to the platform’s entry into the DeFi and NFT space. It also secured staking support and increased staking volumes on Binance, the largest exchange in the world by volume, and Huobi.
Significant Excitement Around The Partnership
Understandably, the announcement has created a significant buzz in the IOST and Moonstake communities. CEO of IOST, Jimmy Zhong, commented:
“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.”
The founder of Moonstake, Mitsuru Tezuka, added:
“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.”
Focusing On Creating A Decentralized Ecosystem With Node Partners
IOST needs the support, cooperation, and contribution of the node community that supports the decentralized network in order to grow. To construct a more decentralized network, it is essential to entrust the node community with obtaining the ecosystem network from the operating foundation.
One of IOST’s node partners, AIYAA, has provided the necessary resources to promote the platform’s partnership with Moonstake. The strategic partnership is a step in the right direction in the obtainment of the ecosystem by the node community at large.
About Moonstake
Established as a staking pool protocol that focuses on satisfying demands in global and regional blockchain markets, Moonstake has developed a staking pool protocol and provides business services through its partners.
The protocol provides an active environment for crypto-asset holders and plans to become the largest staking pool network in Asia. Moonstake has already announced partnerships with Ontology, NEO, and Emurgo to boost staking adoption. Moonstake is also supported by Binarystar, Japan’s largest blockchain hub, OIO Holdings Limited, and reputed industry advisors Lisk and Lawrence Lim of RAMP DeFi.
About IOST
IOST is an enterprise-level blockchain platform that has been developed for online service providers. It is supported by major investors such as Matrix, ZhenFund, and Sequoia.
The team comprises R&D personnel that focuses on distributed blockchain technology and is led by blockchain experts who are alumni of top universities such as Stanford, MIT, Princeton, Tsinghua University, and Beijing University.
IOST has become one of the leading public chains in the world and has several government collaborations and enterprise partnerships globally. It has become one of the big-four public chains alongside Ethereum, TRON, and EOS, and currently has over 500,000 community members in over 20 countries and continuously growing.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
