In anticipation of Centrality's staking support, Moonstake has successfully launched the world's first CENNZ validator.
Moonstake will be the first wallet in the world to support CENNZ staking.
Moonstake successfully completed the API connection to CENNZnet and has been preparing for development for staking
support. Moonstake's wallet supports holding, sending and receiving CENNZ, Centrality's native token and it will soon
provide staking functions. Once staking support is available, Moonstake users will be able to stake through the
Moonstake wallet and receive CPAY as staking rewards.
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 have grown rapidly to reach USD 500 Million in staked assets in 6 months. So far, Moonstake has supported
Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot for staking and soon for Centrality.
Previously, Moonstake and Centrality entered into a strategic partnership in August last year. Aaron McDonald, CEO of
Centrality has joined Moonstake as an advisor and both parties are actively developing for the implementation of CENNZ
(Centrality's token) through Moonstake staking platform. Through a joint webinar last year both parties have shared
actively about the progress of the partnership and product development including announcement of the launch of CENNZ
staking on Moonstake and to provide updates. Based on joint marketing and technical collaboration, Moonstake Wallet
achieved another milestone as a world's first wallet to support mainnets of CENNZ and CPAY and allow users with the
ability to send, receive, and hold ERC-20 based CENNZ and CPAY tokens.
Centrality is the leading FinTech venture platform. It received a research grant from the New Zealand government and is
working with the New Zealand government to build a decentralized system through the public-private integrated
organization "Digital Identity NZ" together with NZ Tech and Singlesource. Centrality has partnered with world leading
players such as Amazon (AWS), Microsoft Partner, McDonald's China, and it is expected that cooperation with these
companies will trigger companies to adopt blockchain. In August of this year, Centrapay, a venture company from
Centrality, announced the technology offering to purchase Coca-Cola products at BTC using Sylo's smart wallet.
The CENNZnet token swap was successfully closed at the end of October and over the 8 week swapping period more than 831
million $CENNZ were sent to the transition contract. Upon this swap, users are allowed to move the old Ethereum-based
(ERC20) tokens onto the native CENNZnet and uniting CENNZ and CPAY token holders onto CENNZnet. Once the full amount of
CENNZ has been converted, the new CENNZnet native tokens will be automatically returned to your CENNZnet wallet.
With ERC20 tokens, users will not be able to get rewards for staking on CENNZnet. With the completion of this swap,
CENNZ is now being used as a more user-friendly ecosystem of DApps and allowing us to move on to a new stage of growth.
The newly minted CENNZnet CENNZ token marks a new era for the platform and with 2021 being the year of venture growth
and more DApps building in the Centrality ecosystem.
Moonstake is looking forward to supporting the CENNZ community by providing the best staking service and accelerating
the staking ecosystem to further enhance the staking of CENNZ as a first validator in the world.
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 Catalist-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 500 Million.
About Centrality
Centrality is the world's leading fintech venture platform based in New Zealand. They have received a research grant
from the New Zealand government and are working with the New Zealand government to build a decentralized system through
the public-private integrated organization "Digital Identity NZ" together with NZ Tech and Singlesource.