Moonstake Pte Limited, entered into a strategic business alliance with Ontology, a high-performance public blockchain and distributed collaboration platform headquartered in Singapore.

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. Staking is expected to help elevate the blockchain technology and work for decentralization.

“Moonstake will start staking Ontology’s “ONT” coin inside its staking pool,” confirmed Chia Hock Lai, Chief Strategic Officer of Moonstake. “Through this partnership, we will collaborate with Ontology in the technology infrastructure and public relations.”

Hock Lai continued, “Moonstake’s partner Binarystar will also support marketing efforts for this partnership and both companies by event organization and local community development.”

Moonstake’s goal of these coordinated activities is to work with Ontology to cultivate an Asian investor community, to energize the community, and drive staking activity and accelerate industry adoption of Proof of Stake (PoS) transaction validation.

“As Japan is one of the important countries for Ontology, we’ve set our local office here with the support of Binarystar–Japan’s biggest Blockchain Business Hub in Tokyo. Also formed a strategic partnership with GUMI to build the decentralized blockchain network from a combination of industry specific modules, in addition to identity authentication, data exchange and sharing. We believe with the collaboration of Moonstake, we will attract more local stakers to delegate their “ONT” to Moonstake platform and create a more prosperous ecosystem together” said Andy Ji, Co-founder of Ontology.

“Binarystar is excited by this partnership where our complementary skills and resources are brought together to achieve synergies that would not have been possible otherwise in the staking space,” said Junya Yamamoto, Chief Executive Officer of Binarystar. “These advantages include technical infrastructure expertise, geographic markets, marketing know-how and a pool of potential clients.”

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