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.
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.
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.
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.