SINGAPORE, May 7, 2021 - (ACN Newswire) - Today, Moonstake announces it has formally joined an alliance with the IOST
blockchain. Through this partnership, Moonstake will collaborate with the IOST development team to enable staking
functionality for IOST coin on our 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 $900 million and the Moonstake platform is now one of the top 10 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.
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.
Mitsuru Tezuka, Founder at Moonstake says: "We're excited to partner with IOST, an esteemed leading blockchain platform,
to enable the IOST staking for token 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."
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."
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, we expanded our business and as of now, our 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 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.