Further, users can enjoy the convenience of sending and receiving over 2000 cryptocurrencies within a single wallet.
Moonstake is a highly secure decentralized wallet that allows users to stake while without depositing coins, and keeping coins in their own wallets.
Commencing with Emurgo’s partnership, Moonstake will significantly expand Cardano’s market share of staking.
Coins are be “staked” or held and locked on the network for validating Proof of Stake transactions on the blockchain. Staked coins earn rewards over time. Stakeholders can unstake their coins after a certain period of time has elapsed. Staking sites typically provide an estimated % APR of what you would earn for staking on a site for a certain period of time.
Moonstake Wallet allows you to manage staking of multiple coins simultaneously on one dashboard. Rewards are sent directly from the blockchain, so you can safely receive staking rewards without the intervention of a third party. Staking specifications differ for each blockchain and these variables include interest rates fees, and lockdown periods.
By holding specific coins, staking is a mechanism to receive passive rewards for the work of managing the blockchain network. This is similar to earning interest for holding your assets in a bank.
The staking market is booming and under the stimulation of economic factors, this market will continue to grow as the number of projects and staking assets increase. In 2020, world’s second largest Ethereum and tenth largest Cardano will start staking. Total market capitalization over $40billion USD and potential number of wallet users will increase up to $ 50milion.
Moonstake Wallet Users can now safely and easily store more than 2,000 different coins and tokens in one integrated wallet. Best of all, users can stake ADA and other coins with just one click. Stake using this decentralized wallet, without sending crypto assets to a third party.
Here’s a simple 4-step process to stake ADA on Moonstake Web Wallet:
*Staking is supported on these broswers: Chrome, Edge, Firefox, and Opera.
By pressing the unstake button, you can immediately take out the coins which you staked or "locked" on the network. There is a set period for unlocking each blockchain. But, in the case of ADA, there is no lock period setting, so it can be taken out freely, at any time.
Moonstake was established by a group of reputable blockchain authorities from the blockchain industry, we developed a variety of staking products for both businesses and customers by offering staking pools, enterprise solutions and value-added services. What makes up the Moonstake ecoysystem? The team is comprised of a strong international team in operations, and enjoys a strong network of strategic partners and advisors.
Moonstake is rewarded for contributing to the verification of blocks by each blockchain while creating a robust environment for crypto asset holders having built Asia’s largest staking network. We build an environment where customers can receive maximum staking rewards. We aspire to lead by growing the staking industry and development of blockchain technology, which we believe will will result in further development of the worldwide blockchain service infrastructure.
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