We are pleased to announce that Moonstake is now an official member of Singapore FinTech Association (SFA) and Blockchain Association Singapore (BAS).

Blockchain has emerged as a popular digital technology aimed at ensuring that financial transactions can be secured and trusted. The expansion of the FinTech industry has encouraged the use of blockchain technology and cryptocurrencies. As a leading global Fintech hub, SFA creates synergy among various participants in the ecosystem, driving the sustainable growth of this significant and emerging sector. Recently, SFA, along with the Monetary Authority of Singapore (MAS) and AMTD Foundation announced the launch of a S$6 million MAS-SFA-AMTD FinTech Solidarity Grant to support Singapore-based FinTech firms amid the challenging business climate caused by the COVID 19 pandemic.

BAS, launched in April 2020, is a merger of two blockchain associations, Singapore Blockchain Association and the Blockchain Enterprise and Scalable Technologies. BAS, a leading blockchain association with 20 reputed members, has a strong purpose of enabling the digital economy through the convergence of technologies. BAS will host Singapore Blockchain Week 2020 co-organised by NexChange Group from July 21st to 24th 2020.

Moonstake was established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Recently, Moonstake launched Moonstake Web Wallet along with Moonstake Mobile Wallet (iOS / Android) enabling full staking functions and to be an all-in-one gateway for users to maximize usage and potentials of cryptocurrency. Currently, Moonstake’s staking pool supports Cosmos, IRISnet and Ontology.

Through this engagement, all parties aim to collaborate for the development of the FinTech and blockchain industry between Singapore and Southeast Asia by seeking input and opinion from each other to support the ecosystem and further empower the community to leverage blockchain and scalable technologies for business and financial growth.

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Staking adopts Proof of Stake (PoS) as a type of consensus algorithm which allows cryptocurrency holders to increase the likelihood of receiving block rewards from its block validation transaction. It brings together the ability to stake and ultimately distributes block rewards based on contribution. Moonstake develops a staking pool protocol and provides business services through partners and companies. Staking is expected to help elevate the blockchain technology and work for decentralization.

https://www.moonstake.io/

About Singapore FinTech Association

Singapore FinTech Association(SFA) is a cross-industry NON PROFIT initiative, intended to be a platform designed to facilitate collaboration between all market participants and stakeholders in the FinTech ecosystem. It is designed to be an effective platform for members to engage with multiple stakeholders to find solutions to issues.SFA has 50 MOUs with associations and government bodies around the world. Leverage SFA’s domestic network of 360+ FinTech companies and industry partners and global network in more than 32 countries.

https://singaporefintech.org/

About Blockchain Association Singapore (BAS)

The Blockchain Association Singapore (BAS) is set up to facilitate collaboration between all market participants and stakeholders in the Blockchain ecosystem. It is designed to be an effective platform for members to engage with multiple stakeholders to find solutions to issues and to promote best practices in a collaborative, open, and transparent manner. It will represent the blockchain industry, uphold the integrity of its members, and support the building of relationships within the blockchain community, and collaborate with regional and as well as international blockchain organisations.

https://singaporeblockchain.org/

Moonstake users now have the ability to use their Ontology assets (ONT) to earn rewards through its website based staking pool. This support of Ontology will give 2,000,000 Ontology community contributors with an option to stake their coins at a reliable strategic partner.

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake provides business services through partners and companies. Recently, Moonstake launched Moonstake Web Wallet along with Moonstake Mobile Wallet（iOS / Android) enabling full staking functions and to be an all-in-one gateway for users to maximize usage and potentials of cryptocurrency. Moonstake provides help users participate in staking their assets through secure wallet access.

Moonstake and Ontology announced the partnership on April 6th to drive staking activity and accelerate industry adoption of PoS transaction validation. Since then, Moonstake has built the best staking infrastructure for ONT holders and now, it is live. As of June 10th, 2020, the market cap of ONT (1 ONT = 0.607 USD) is over 442 million USD and ranked at top 30th at CoinMarketCap. 

Ontology will be the third coin to be staked on the Moonstake’s staking pool, following after Cosmos and IRISnet. Along with the launch on Moonstake Web Wallet, staking support on Ontology will be started in Moonstake Mobile Wallet（iOS / Android) soon after.

【Staking Procedure】

The staking procedure for Ontology is as below:
1. MS Web Wallet registration (https://wallet.moonstake.io ) if you are new user
2, Add ONT at “ADD NEW ASSETS”
3. Send ONT to your wallet 

*For non-ONT holders, ONT can be purchased on major exchanges or  DeFi connected wallet (ex: Infinito Wallet)

4. Begin staking. The minimum staking amount is 500 ONT

*The reward from ONT staking will be ONG as the policy of Ontology. In claiming to receive ONG rewards, non-ONG holders will need to purchase ONG, which is working as Gas to claim, receive and send ONT.

*If you unstake, your ONT will be locked for 2 rounds. Each round ranges between 33 hours to 42 days.

Moonstake has continuously expanded its partnership with major projects. Most recently, Moonstake entered into the strategic partnership with Pundi X, a Singapore’s leading developer of blockchain-powered devices and services, last week. Along with the growing ecosystem, more coins will be supported on Moonstake’s platform. 

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Staking adopts Proof of Stake (PoS) as a type of consensus algorithm which allows cryptocurrency holders to increase the likelihood of receiving block rewards from its block validation transaction. It brings together the ability to stake and ultimately distributes block rewards based on contribution. Moonstake develops a staking pool protocol and provides business services through partners and companies. Staking is expected to help elevate the blockchain technology and work for decentralization.

Moonstake aims to create the largest staking pool network in Asia, a robust environment for the cryptocurrency holders is one of its missions. 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. Lately, a partnership has been announced with  Ontology, Binarystar, Japan’s biggest blockchain hub,DLF Holdings Limited (SGX: KUX), a Singapore Catalist-Listed company and Quras to create a more prosperous ecosystem together in asia. Industry’s reputed advisors, such as Lisk, Mr. Nizam Ismail, CEO of Ethikom Consultancy and Mr. Garlam Won, Head of Marketing at Harmony, support Moonstake’s innovative journey. 

https://www.moonstake.io/

About Ontology　

Ontology is a high-performance public blockchain and distributed collaboration platform. Architected in Asia with global teams, Ontology’s unique infrastructure supports robust cross-chain collaboration, Layer 2 scalability and includes a suite of decentralized identity (DID) and data sharing protocols to enhance the speed, security, and trust that are fundamental to enhanced global cooperation among businesses. These characteristics are particularly important for future global collaboration with on-chain and off-chain scenarios.

https://ont.io/

Moonstake and Binarystar entered into a strategic partnership with Pundi X, a Singapore leading developer of blockchain-powered devices and services to grow and enhance both organizations’ ability to deliver world-class services to ecosystem communities in Asia.

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake provides business services through partners and companies. Recently Moonstake launched Moonstake Web Wallet, enabling full staking functions and to be an all-in-one gateway for users to maximize usage and potentials of cryptocurrency.

Pundi X is a leading developer of blockchain-powered devices and services, including the world’s first POS (point-of-sale) solution, the XPOS, which enables merchants and consumers to do transactions on the blockchain in physical stores. XPOS has successfully received  CE (Conformité Européenne) , FCC, KC, Japan’s MIC, UAE’s TRA certification. It has been shipped to over 30 countries including Argentina, Australia, Brazil, Colombia, Korea, France, Switzerland, South Africa, Taiwan, the USA, Uganda, Venezuela and more. 

Mitsuru Tezuka,Founder at Moonstake says: 

Pundi X keeps innovating the ways to harness the power of blockchain technology to facilitate financial inclusion and they make digital currencies to be more accessible to more people across the borders and further increase the value of digital currencies for all. We believe the joining of Pundi X will create a new era of a decentralized world to improve. 

Chia Hok Lai, Chief Strategy Officer at Moonstake and co-chairman of Blockchain Association Singapore says:

We are excited to partner Pundi X, together with Binarystar. With a clear shift towards proof-of-stake consensus, we are bringing our world-leading staking technology to the world of digital payments and transactions. Pundi X has proven that they have the best expertise in blockchain-based payments with their XPOS technology and the partnership will improve accessibility to staking services for the community.

Zac Cheah, CEO and co-founder of Pundi X stated:

We are happy to collaborate with Moonstake as a strategic partner. Also, we are excited to have Moonstake’s partner Binarystar to join the XPOS family. We will work together to bring world-leading, blockchain-based XPOS technology together with staking technologies and maximizing the synergy of the transparency and efficiency of blockchain businesses.

About Moonstake Pte Limited:

Moonstake Pte Limited is a Singapore-based technology company with a specific focus on blockchain and staking technologies. Moonstake has been established with a group of highly reputed blockchain authorities including a founder of CTIA and C-level members of globally known projects. It develops various staking products for both B2B and B2C customers and has partnered with major players in Singapore, Vietnam, and Japan.

https://www.moonstake.io/

About Pundi X:

Based in Singapore, Pundi X specializes in future-proofing businesses by enabling digital payments and transactions. Their point-of-sale system, the XPOS, is set to deploy for use in over 30 countries and lets merchants and consumers transact on the blockchain in physical stores. Pundi X has also developed Function X, a next-generation, decentralized internet service framework and Blok On Blok, the world’s first fully-functional blockchain phone. 

The company currently has offices in Jakarta, São Paulo, Seoul, Shenzhen, Taipei, and Tokyo. 

https://www.pundix.com

About Binarystar Co. Ld: 

Binarystar Co. Ltd. is a leading Japanese incubation platform with Japan’s biggest Blockchain business hub in the heart of Tokyo. It has multiple proprietary outlets to promote blockchain businesses to companies throughout Japan and East Asia and operate as a consulting body to accelerate business in such areas.

Recently, Binarystar announced the launch of a physical asset management system of blockchain add-on type with Toukei Computer Co,. Ltd., a Tokyo Stock Exchange listed company (first section). It also has expanded major blockchain partners, including Ontology and Harmony.

https://binary-star.business/