Today, staking of Orbs’s native token, ORBS, is officially available on Moonstake’s Web Wallet. ORBS fuel all activities on the Orbs blockchain including smart contracts, transaction fees, and consensus-based storage is currently ranked #5 in the Top 10 trending crypto coins by CryptoCrunchApp. Additionally, Moonstake is now officially a Guardian for Orbs Universe to help facilitate network security.

Now Moonstake’s wallet users can hold, send, receive, and stake their ORBS to receive rewards with the best user experience through one single click. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot,Quras ,Centrality and Orbs became the 11th available staking coin on Moonstake Wallet.

Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS / Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake’s total staking assets has grown rapidly to reach $900 Million, allowing Moonstake to become one of the top 10 staking providers globally.

Moonstake and ORBS entered into a strategic partnership in March, 2021. Through this partnership, Moonstake actively developed support for the staking of ORBS, Orbs’ official token, on Moonstake Wallet, as well as participating further in the Orbs blockchain ecosystem. The two parties will also host community building programs, research, training, events, and conferences with the goal to increase awareness and adoption of Blockchain and Distributed Ledger Technology in the Banking and Finance Industry. Moonstake and Orbs will discuss further potential provision of consulting services to financial institutions in the regions of Southeast Asia and Middle East.

 

How to stake ORBS on Moonstake Wallet

Here’s a simple 3-step process to stake ORBS with Moonstake Wallet:
1.Register your Moonstake Web wallet (https://wallet.moonstake.io)
2.From the wallet screen, select ORBS and click the “Stake Now” button.
3:Confirm the staking information, then click the “Staking” button and enter your wallet password.

 

How ORBS Staking Works:

・Hold ORBS Token and no minimum amount for staking.
・Agree to lock in and stake ORBS.

 

What is Guardians Role:

Guardians play a central role in the Orbs PoS model – they are expected to be key participants within the Orbs Universe, who enforce the security of the network, align with the long term Orbs vision and actively work to make this vision a reality. A core role of the Guardians is to review the Validators, monitor their operations and ensure proper network operation and security by approving Validators that follow the protocol correctly.

 

How to get Rewards of ORBS staking:

Token holders that delegate to an active Guardian are rewarded in proportion to their stake. Annual reward is up to 8% of the Delegators staked tokens (subject to an 80M Orbs Token cap on total rewards).

* Delegators are ORBS token holders who assign their voting weight (stake) to Guardians, empowering them to maintain    security and uphold the long term vision of the ecosystem.

 

How ORBS unstaking works:

If token holders want to send an asset that is currently staked, they will need to unstake it first. The unstaking of tokens will take a full 14 days before they become available, therefore you will not be able to send the tokens immediately. The period during which the tokens cannot be transferred is called the “lock period”.

Moonstake looks forward to deeper cooperation with Orbs to increase our market presence in the key regions of Japan, Southeast Asia, and the Middle East, as well as bring the diverse ecosystem of staking coins to user communities worldwide.

 

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 900 Million.

https://www.moonstake.io/

 

About Orbs

Orbs is a free, open-source, public blockchain infrastructure designed for mass usage applications, providing enterprise-grade scale, security and support. Orbs blockchain network expands the offerings of public blockchains by supporting permissioned applications developed by existing for-profit businesses, while also supporting purely decentralized apps and being a prime platform for launching decentralized finance applications. Founded in 2017, Orbs is being developed by a dedicated team of more than 30 people out of its offices in Tel Aviv, Israel, London, UK, Singapore, and Seoul, South Korea. Orbs was named Gartner’s “Cool Vendor in Blockchain Technology” for 2018.

https://www.orbs.com/

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.

 

 

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.

https://www.moonstake.io/

To celebrate Moonstake’s first anniversary, we’ve conducted an interview with our Founder, Mr. Mitsuru Tezuka, to talk about Moonstake’s past achievements and future business development, as well as discuss the blockchain industry.

Interview video link: https://youtu.be/mAT0q_mLulE

The interview was moderated by Shogo Ishida, Senior Advisor at Moonstake.

Please see the summary below. 



Mr. Ishida: Can you tell us how Moonstake was found?

Mr. Tezuka:
Having been in the crypto business for 10 years now, I want to create a horizontal connection as a business while interacting with various people and projects in the crypto industry and community.

When proof of stake began to attract attention in recent years, we started the business  to create a wallet with staking power for multiple coins. This is a good opportunity to utilize our technical strength and expertise in the industry to meet the demands of the crypto community in the world.

 

Mr. Ishida: Please share about Moonstake’s 2020 business development.

Mr. Tezuka:
When we started Moonstake Wallet in 2020, we wanted to raise awareness of staking. We decided to partner with projects that are connected in the industry and help them utilize staking in order to increase the liquidity of their own token.

We are actively working to improve Moonstake’s UI/UX to differentiate ourselves from competitors in the market. With more tokens available on Moonstake, everyone can freely stake without any limitation.

 

Mr. Ishida: In early 2021, Moonstake was ranked 8th as best staking validator in the world in staking volume. How did Moonstake achieve this result?

Mr. Tezuka:
I believe that our active development over the past year is starting to bear fruit and help us achieve industry leading position.

We were also supported by the market that was soaring throughout the industry from the end of the year to the first quarter of 2021. I think that this achievement was an opportunity to increase the recognition of Moonstake in the industry. Recently, we have been interacting with our competitors alot and discussing the possibility of collaborating with them in the future.

 

Mr. Ishida: Moonstake announced its entry into the DeFi space. What kind of development can we expect from Moonstake in the future?

Mr. Tezuka:
Our advantage is having a strong staking wallet that offers support for various blockchain products and DeFi services.

Moonstake had considered partnering with other projects to penetrate DeFi. However, the market has yet to reach maturity, as there are not as many well-established projects still. This is why we decided to enter DeFi as a formal project ourselves and take on the challenges of this new frontier.

Mr. Ishida:
In the DeFi area, we launched a project called Muse Finance. As its founder, I would like to utilize the assets of Staking, based on the premise of working together with Moonstake.
From a user’s perspective, we think it is very important to have more options for financial services by providing access to lending and DEX while having more ways to earn staking rewards. The DeFi market has expanded 66 times last year, so it is definitely an area with extreme growth potential. In this market, Moonstake would like to consider developing services that will allow us to take advantage of the achievements we have made in 2020.

 

Mr. Ishida: What are your thoughts on the industry in the next year and the next three years?

Mr. Tezuka:
I understand that the market is busy in 2021, but personally it is not what I’m focused on. I believe it is more important how much blockchain technology is advancing the connection with society rather than price changes. For now, I think there are cases where blockchain services are implemented in the supply chain and in governance. If this part is realized, I expect that liquidity will increase in line with actual demand and become even greater than the liquidity that is currently centered on investment.

 

Mr. Ishida: What is Moonstake’s business outlook?

Mr. Tezuka:
Currently, no specific product has penetrated the crypto wallet business in Japan. I think it’s a difficult business to conduct on its own. With Moonstake Wallet, we will actively introduce staking and DeFi services that enable customers to grow their assets. In the future, we hope to gain market share as a user-friendly wallet  provides liquidity to various assets in the digital payment domain.

 

Mr. Ishida: What is the meaning of Moonstake to you, Mr. Tezuka?

Mr. Tezuka:
Right now we believe that a wallet with ultimate UI / UX is indispensable. In Japan, there is a strong culture of traditional cash payment, but looking at the financial infrastructures in less developed countries, I believe that the existence of digital currencies is very valuable. Currently, we are positioning Moonstake Wallet mainly in Asia. But in the future, I would like to reach into the field of digital payments, which is accelerating worldwide.

 

Mr. Ishida: Last question, do you have any message for our users?

Mr. Tezuka:
We would like to thank all of our users for choosing Moonstake Wallet.

Our motto is to actively listen to users’ opinions and suggestions and upgrade our product accordingly. This way, we can continue to improve our service to make it easier for you to use. Together, we can create a better service and the best staking wallet!

 

Thank you for supporting Moonstake and please stay tuned for more updates from us.

 


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 900 Million.

https://www.moonstake.io/

This April, Moonstake celebrates our first anniversary and in this article, we’re interviewing one of our strategic partners, TZ Ventures from South Korea, with whom we’ve been working since September 2020 to accelerate industry adoption of staking within Tezos’ ecosystem. Representing TZ Ventures is Jaywon Lee, Director of TZ Ventures, who  is also the author of a best-selling IT book in Korea titled, “Path to becoming a blockchain company”.

TZ Ventures incubates early stage blockchain startups based on Tezos. They provide support to projects building on Tezos and venturing into equity financing. They mainly incubate projects on Tezos and aim to build real business use cases of blockchain technology. They run a regular program that assists startups with technical support, mentoring, marketing, partnerships, fund-raising and more. Tezos (XTZ) is one of the 11 market-demanded PoS coins currently supported by Moonstake alongside Cosmos, IRIS, Ontology, Harmony, Cardano, Qtum, Polkadot, Quras, Centrality and most recently, Orbs.


Here is the full transcript of the interview.

1. Moonstake is celebrating its 1-year anniversary. In 1 year, Moonstake has reached $900 million in total staked assets and rank #8 among global staking service providers. As a partner, what do you think about Moonstake and its achievements as a staking provider?
Congratulations. This is amazing progress! I think the key to your success is your continual commitment to being reliable/trustworthy and pursuing the highest technology.

 

2. What is your project about and what is its current focus?
Tezos is an advanced blockchain protocol that can avoid buggy codes. For more info, please refer to: https://tezos.com/. TZ Ventures incubates projects that build on Tezos. We assist projects with technical support, mentorships and funding introductions. TZ Ventures is especially interested in assisting DeFi, NFT and entertainment/gaming projects this year. For more info: www.tz.ventures.


3. Why did you decide to partner with Moonstake?
We are always in search of reliable and tech-savvy stakers (in Tezos terms, bakers). Moonstake satisfies both criteria. Last and this year, in particular, we witnessed a dynamic growth of DeFi and how it breathed life back to crypto. Moonstake was at the forefront of dealing with this change and was adept in making DeFi and staking exist in harmony.


4. Which areas of collaboration are you working on?
We collaborate in all fields: Staking, DeFi, R&D, meet-ups, marketing, and etc. We are always open to giving and receiving advice and technical support. We serve as “mutual mentors” for our respective organizations since no one is an expert in all blockchain fields.


5. How do you see the synergy between your project and Moonstake in the future?
Moonstake is a great partner that is sensitive to change. In this dynamic crypto environment, synergies are sure to arise when we can better prepare for the future together.

Moonstake is honored to partner with leading projects and institutions like TZ Ventures at the forefront of driving global adoption of blockchain technology. We’re working non-stop to expand our service offering for both staking and from now on, DeFi, as well as strengthen our partnership network to continue to deliver great value to both users and businesses worldwide. We would like to thank all of our partners for joining us on our quest to accelerate global adoption of staking and look forward to closer collaboration with TZ Ventures in the future to further promote adoption of XTZ staking.

 

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.

https://www.moonstake.io/

 

About TZ Ventures

TZ Ventures incubates early stage blockchain startups on Tezos. They provide support to projects building on Tezos and venturing into equity financing in Southeast Asia. They mainly incubate projects on Tezos and aim to build real business use cases of blockchain technology. They run a regular program that assists startups with technical support, mentoring, marketing, partnerships, fund-raising and more.

https://www.tz.ventures/ 

 

To celebrate our first anniversary this April, Moonstake held a joint Q&A with Staking Rewards, the first and most trusted resource hub for staking and yield-bearing assets data. This interview provides many valuable insights into the current state as well as the future outlook of the Proof-of-Sake market and information about Moonstake, a top-ranking staking provider on Staking Rewards.

Here, the Senior Advisor of Moonstake, Shogo Ishida, serves as the moderator. Answering the questions are Mirko Schmiedl, the CEO and Founder of Staking Rewards, and Lawrence Lin, the CEO of Moonstake. Here’s the full transcript of the interview.

 

Shogo: What should I watch out for in 2021 to stay on top of one of the hottest trends in staking?

Mirko: 2021 will be a year with a lot of noise. Thus even more important to pick the right news sources and content to stay on top of trends. Already seeing a lot of projects without any substance popping up everywhere. I would try to listen to people with proven track-record only. And refer to news sources that are trusted and work professionally. At Stakingrewards.com we thrive to provide a pre-vetted and independent overview of the entire staking market.


Shogo: What can we expect to see in the Proof-of-Stake market in 2021 and how to stay on top of all the hottest trends in staking?

Mirko: One of the biggest trends in 2021 is definitely staking derivatives. With the launch of Ethereum 2,0 in December last year, we have seen many solutions being developed which offer liquid staking products that can be traded on the secondary market. This trend is emerging into the multichain nature which is another big trend for 2021. There are more and more bridges and it is now possible to move wrapped staked assets across chains. Lido Finance, Stafi Protocol, and Anchor Protocol are great examples.


Mr Ishida: What are the biggest adoption barriers for Proof-of-Stake and Staking right now and how should we solve them?

Mirko: One of the biggest barriers is still the ease of use. There are not many solutions that provide a simple user interface for multiple crypto assets. Especially across chains there needs to be more easy tooling to hold, store, and stake many assets in one interface. Another adoption barrier is the unclarity for tax treatment. I see many people hold off staking as they are afraid of the legal treatment. From the Protocol Research perspective I think we have mainly achieved consensus, that Proof-of-Stake is the go-to group of algorithms which will dominate the market besides Bitcoin. We made it! Governance is a topic that still needs a lot of attention. We are still in the very early days for that. It will be a big challenge, once networks become more decentralized. As of now this is still a long path until we will face the real challenges. Most projects are still highly centralized and the decision making process is achieved fast.


Shogo: Ethereum, the world’s #2 biggest blockchain, which originally a Proof-of-Work blockchain, has begun its development to switch to Proof-of-Stake network at the end of last year. How do you think this will impact the future of the staking market going forward?

Mirko: The launch of Ethereum 2.0 was a massive milestone for the overall blockchain space. It marked the beginning of a whole new era. Ethereum sets trends and drives innovation. Their unique approach which fosters grass roots participation and decentralization makes the network more resilient and I hope other protocols will be inspired and can learn from them. Ethereum in my view combined the Proof-of-Stake design of Early Stage projects like Peercoin, NXT, Reddcoin, etc with the later stage projects like Tezos, Cosmos, EOS. Ethereum took the best of both worlds and is also strong in layer 2 tooling, like development of sacred shared validator keys, staking derivatives etc.


Shogo: What makes a staking network unique amongst others on the market?

Mirko: A good staking network needs to have long-term aligned incentives, great security module, active governance participation, ease-to-use, accessible for everyone, low minimums, shorter lock-ups times, good tooling, great wallets, rich set of high-profile validators, rich set of grass roots validators, community engagement, good API/data access, great block explorer, simple economic design that is easy to understand, solving liquidity issues, also having raised less money is mainly a good thing for projects. That’s just to name a few points I consider extremely important for a project to stand out. You can see that all of the top-ranking staking projects are being adopted and supported by the high-profile staking providers such as Moonstake. On Staking Rewards you can find interesting patterns between the quality assets and providers.


Shogo: Recently, Moonstake has formed alliances with various blockchain projects like Centrality, Polkadot, Orbs. How does Moonstake decide on which Proof-of-Stake coin to support?

Lawrence: If you look at Moonstake’s lineup of supported assets, you can probably see the strategy behind our decision. That is, we focus on the demand of the market for that coin, how popular it is, and how large its staking volume is. And of course, we’re always open for deeper collaboration opportunities, so we also look at how the project’s vision and roadmap goals can align with our own to widen our scope of collaboration.


Shogo: Stakingrewards.com provides rankings for staking providers, DeFi platforms, exchanges, and wallets. What are some key things that the top platforms in each category have in common?

Mirko: Good and successful staking providers are amongst the best research boutiques in the industry. They choose wisely which networks to validate, thus the networks they choose are likely to have good long-term incentives in place. This makes these coins highly demanded by the community and therefore worth supporting, which I believe, like what Lawrence just said, is a strategy Moonstake is currently adopting.

DeFi platforms have to be innovative or fill a no-brainer market gap (e.g. Pancakeswap as “Uniswap on BSC”) in order to succeed. The successful platforms are driving innovation and development, while having great incentives for the community. Giving away more than 50% of tokens to the community via farming in order to bootstrap the network is more of a necessity these days.

Successful exchanges are easy-to-use, and list good projects. Again it’s important for exchanges to have a strong research arm and be close to innovation. Staking features and campaigns are becoming more and more a differentiating factor.


Shogo: Moonstake became one of the top 10 staking providers within 1 year. What was the strategy to accomplish this as a staking wallet solution for users and businesses?

Lawrence: Indeed, 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 biggest staking providers in the world. This is thanks to our strategy of only collaborating with the most esteemed institutions, projects, and custodians on the market while also taking active part in promoting global awareness of blockchain and staking in various educational initiatives, bringing the world of cryptocurrency and decentralized technologies to a wider audience of consumers and businesses. And with the recent launch of Muse.Finance, the Moonstake ecosystem will continue to grow from 2021 onwards, especially in the frontier of DeFi, and help accelerate the connection from staking to DeFi.

Moonstake has been proudly featured in the top 10 rankings of global staking providers on Staking Rewards since February this year. We were thrilled to have a joint interview with them and hope for potential collaboration opportunities in the future.

 

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.

https://www.moonstake.io/

 


About Staking Rewards

Staking Rewards is a platform of open-concourse, that provides data and guidance to minimize the risk when investing in the countless opportunities to earn passive income with cryptocurrencies. The team is curating knowledge and data to build a healthy staking and defi ecosystem. Staking Rewards is committed to lowering the access barrier to staking opportunities by presenting, comparing and benchmarking all the (Staking) Providers, who are dedicated to providing infrastructure, security, expertise and sometimes even custody or insurance for the staking assets.

https://www.stakingrewards.com/

Moonstake and our strategic partner, Orbs blockchain, will hold a joint webinar on 21st of Apr at 7PM in Singapore time. We will discuss the future collaboration of Moonstake as a Guardian  (validator) of ORBS and Blockchain Applications for Businesses and Finance.This webinar will be useful for those who want to learn more about Orbs and the applications of blockchain and staking for businesses. ORBS staking will be made available on Moonstake Wallet in the coming week. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras and Centrality, ORBS becomes the 11th available staking coin on Moonstake.

Orbs offers the winning blockchain stack, providing the perfect mix of performance, cost, security and ease of use, while harnessing the power of community, decentralization and distribution. By entering into a strategic partnership with Moonstake, the two companies are working to  accelerate global awareness and adoption of blockchain and distributed ledger technologies in the field of finance together.

There will be plenty of time for Q&A, so please feel free to ask any questions you may have.

 

About this webinar
TOPIC: The Applications of Blockchain for Businesses

DATE & TIME: 21st of Apr, 7PM-8PM in Singapore time (GMT+8) 

* In the 1st 30 minutes, both English and Japanese are available. The 2nd 30 minutes will be a Q & A session in Japanese only. Both parties will conduct webinars in the other languages in the near future.

SPEAKERS:
Shogo Ishida, Senior Advisor of Moonstake
Ran Hammer, General Counsel of Orbs


IN THIS WEBINAR, YOU WILL LEARN:

  • Please explain Orbs and its unique proposition 
  • How will Moonstake and Orbs collaboration help to enhance the Orbs ecosystem?
  • What are the benefits Orbs’ global community can expect from this partnership?
  • Why do you think blockchain is important for businesses and how can Moonstake and Obrs contribute to the future of Banking and Finance Industry?
  • Moonstake started staking support for ORBS as a Guardian (Validator) of Orbs network, and how else will the two ecosystems collaborate? 
  • What are some of the prospected milestones coming up in 2021?


Pre-registration is required to participate, so please register from the link below. RSVP Today to take advantage of this free webinar.

https://us02web.zoom.us/webinar/register/WN_XDBI19ILQcmfABDdm6xOcA

 

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 800 Million.

https://www.moonstake.io/

 

About Orbs

Orbs is a free, open-source, public blockchain infrastructure.Combining scalability, low fees and isolation between virtual chains with a top-grade developer experience, online IDE and smart contracts in familiar languages, Orbs provide developers the perfect mix of performance, cost, security and ease of use.  The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. The Orbs protocol relies on the ORBS token used for the settlement of fees related to app execution and provides the system of incentives used to elect elect validators in a secure and decentralized manner.

 Founded in 2017, Orbs is being developed by a dedicated team of more than 30 people out of its offices in Tel Aviv, Israel, London, UK, Singapore, and Seoul, South Korea. Orbs was named Gartner’s “Cool Vendor in Blockchain Technology” for 2018.

https://www.orbs.com/

SINGAPORE; 9 April 2021 – Moonstake is proud to announce the beginning of a strategic partnership with Sylo, a decentralised software development firm and the creators of the Sylo Network and Sylo Smart Wallet.

Through this collaboration, Moonstake will connect Sylo with their robust API/SDK solution, thereby enabling staking functionalities in the Sylo Smart Wallet and allowing Sylo users to earn passive income from their idle crypto assets. Additionally, Moonstake and Sylo will also collaborate to spread awareness about blockchain and decentralised technologies through joint marketing initiatives.

This partnership is exciting for Sylo as it will see their over 400,000 users across more than 80 countries gain access to staking functionalities powered by Moonstake from within their flagship app, the Sylo Smart Wallet.

Founded in 2010, Sylo is committed to decentralisation and has created an ecosystem consisting of digital consumer wallet software, applications, infrastructure and developer tools in order to usher in a decentralised future worth looking forward to.

A unique wallet app that combines digital asset management with decentralised communication, the Sylo Smart Wallet is a savvy decentralised e-wallet that enables users to purchase, store, track, send, and receive crypto assets, explore the world of Ethereum dApps by means of a Web3 Browser, pay with cryptocurrency in the real world, and provides secure communicate with friends and family by chat or audio/video call.

Born over a year ago with the aim to create the largest staking network in Asia, since its inception Moonstake has developed highly user-friendly wallets for both Web and Mobile (iOS / Android) that are compatible with over 2000 cryptocurrencies. After a full-scale operational launch in August 2020, Moonstake’s total staking assets have grown rapidly to reach USD 800 Million in staked assets over just six months. Within a year of its founding, Moonstake became ranked in the top 10 of the world’s premier staking service providers and it continues to strongly expand its business.

Mitsuru Tezuka, the Founder of Moonstake, says of the partnership: “The Sylo Smart Wallet is an interesting e-wallet that combines the functionality of a flexible digital asset management tool and a secure instant messaging app. We are happy to help proper crypto projects like Sylo enable staking in their wallet so that users can have more ways to earn with crypto. With a wide selection of PoS coins and attractive yield rates from our high-quality staking pools, we are confident that users will be pleased with their staking experience on Sylo powered by Moonstake.”

Dorian Johannink, Co-Founder and Business Director of Sylo, says: “We’re pleased to offer our community of global users yet another way to access the benefits of crypto. As always, our user flow has been designed with simplicity in mind and staking via Moonstake in the Sylo Smart Wallet will make earning from digital assets simple enough for people everywhere.”

 

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 Centrality 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 800 Million.

https://www.moonstake.io/


About Sylo

Sylo is a New Zealand-based software development house founded in 2010. Committed to decentralisation, they are the core developers of the Sylo Network, the Sylo Protocol and the Sylo Smart Wallet. A next-gen app, the Sylo Smart Wallet sleekly combines a digital asset wallet with a decentralised private messenger. The app allows users to request and receive payments in chat, purchase, store and interact with digital assets such as BTC, ETH, XTZ, or any ERC-20 compatible token like SYLO, in a non-custodial wallet, utilise a Web3 Ethereum dApp browser, and pay using cryptocurrency in the real world. For further announcements, follow Sylo on Twitter, Medium or visit www.sylo.io.

Download the Sylo Smart Wallet from the Google Play or Apple App stores.

 

Welcome to the first of our monthly series of articles exploring the staking coins supported on Moonstake. This time, let’s dive into the Polkadot network and its DOT coin, the rising star of the crypto market that is now dubbed as the “Ethereum Killer”.


A Brief Introduction of Polkadot network and DOT

Polkadot is a sharding multi-chain protocol that facilitates the cross-chain transfer of any data or asset types. It unites an entire network of purpose-built blockchains, allowing them to operate seamlessly together at scale. It utilizes the cutting-edge sharding technology that allows for each chain in its network to be optimized for specific different use cases, instead of being forced to adapt a single model.

Originally launched in May 2020 as a Proof-of-Authority network where governance is controlled by a single “super-user” account, Polkadot quickly evolved to become a proof-of-stake (PoS) network in June 2020, allowing the chain to be secured by the decentralized community of validators and the token (DOT) holders. The blockchain is especially popular with developer communities thanks to its robust development system, Substrate, that allows for a wide variety of decentralized applications and systems. Thus, the strong development of the platform has attracted an equally large amount of investors to the DOT coin.

DOT began gaining huge momentum at the beginning of 2021. It rose from around $5 to over $40 in only a few months and have been successfully securing its spot in the top 10 ranking on Coinmarketcap. With a robust, active ecosystem and development community, many investors and industry experts have even claimed that Polkadot will soon usurp the throne of Ethereum, the world’s second most traded altcoin.

 

Polkadot’s Technical Milestones and Why Moonstake Supports DOT?

At Moonstake, we work to support the most demanded coins on the market. Here are some key milestones of Polkadot so far:

  • In October 2017, the Web3 Foundation conducted the Polkadot public sale and was able to raise over $145 million.
  • Following the smooth launch, Polkadot has been steadily increasing the size of its validator set. It began with 197 right after launch and is now increasing at an impressive rate of one every 24 hours.
  • With 274 validators, run by around 200 independent operators and backed by over 7,000 individual nominating accounts, Polkadot is arguably the most decentralized high-value (and therefore secure) network in existence.
  • At the beginning of 2021, Polkadot (DOT) increased to rank 6th among other strong competitors by 8.5 Billion market cap and the price of $9.44.
  •  Currently, DOT’s price is around $40 and it has been stably sitting at rank #6 on Coinmarketcap.

We can see that DOT is a high-demand coin and its Polkadot network is an esteemed blockchain project with active, constant development and support both from its creators and lively developer community. This makes DOT a great and strategic addition to the lineup of PoS coins available on Moonstake, and Moonstake has been supporting DOT staking since January 2021.

 

How does DOT staking work?

As with any PoS coin, you can stake your idle DOT assets to earn passive income. Staking with Polkadot is to participate in the network’s operations (validating blocks) by becoming a nominator who chooses the network’s validators.

Polkadot has validator pools consisting of an elected validator together with the nominators backing it. As a nominator, you can nominate one or more validator candidates (up to 16) that you trust to help you earn rewards in DOT. Each validator pool in Polkadot consists of 1 validator and their nominators, so this means you can be a nominator in maximum 16 pools. Validator pools are paid the same regardless of stake level, so pools with less stake will generally pay more to nominators per-DOT than pools with more stake. In Polkadot, each validator candidate is free to name their desired commission fee (as a percentage of rewards) to cover operational costs.

If more than 128 nominators nominate the same validator, it is “oversubscribed”, and only the top 128 staked nominators (ranked by the amount of stake) are paid rewards. If your stake is in place 129 or higher, you will not receive staking rewards.

 

How to get Rewards of DOT staking

The current APY for DOT staking on Polkadot is around 13.32%. To receive the staking rewards, you must manually claim your rewards using the function inside the staking tab. Staking rewards are kept available for 84 days only. Please be aware that If you do not claim your staking rewards by this time, then you will not be able to claim them and some of your staking rewards will be lost.

 

How DOT unstaking works

You must unstake when sending a DOT during staking. However, for 28 days after the unstake, it will be in the “cancellation request” state and will be locked. After the 28-day lock period has expired, you can withdraw your DOT. There are no staking rewards during the lock period.

 

Here’s a simple 4-step process to stake DOT on Moonstake Wallet:

  1. Register your mobile Moonstake wallet (https://wallet.moonstake.io) 
  2. Add DOT with “Add New Asset”
  3. Transfer DOT to Moonstake web wallet
  4. Click the “Stake Now” button (*You need to have at least 1 DOT to start staking for the first time.

Check out our full official manual on how to use DOT on Moonstake.

Hope you enjoy the first of our monthly series exploring the PoS coins supported by Moonstake. Tune in next month for our feature article on Orbs!

Reference:
https://coinmarketcap.com/alexandria/article/a-deep-dive-into-polkadot https://wiki.polkadot.network/docs/en/learn-staking