Moonstake users now have the ability to use their Harmony asset (ONE) to earn rewards through its website based staking pool. With Harmony, the active community will be able to stake their coins on the Moonstake platform.
Harmony is a fast blockchain with key innovations in state sharding and peer-to-peer networking. Its sharding uses secure proof-of-stake and decentralized randomness, and its networking achieves optimal cross-shard routing and fast block propagation. Currently there are 320 open validator slots, 80 on each shard, to validate new blocks.
Now with Moonstake supporting Cosmos, IRISnet, and Ontology, Harmony will be its fourth coin to be staked. They are available in the Moonstake Mobile Wallet（iOS / Android) and Harmony that is supported in the Moonstake Web Wallet will be added to the Mobile Wallet soon.
The staking procedure for Harmony is as below:
*For non-ONE holders, ONE can be purchased on major exchanges or DeFi connected wallet
*The reward from ONE staking will be ONE as the policy of Harmony.
*If you unstake, your ONE will be locked for approximately 1.5 days. The locking period is set by Harmony protocol and varies from project to project.
Moonstake and Harmony entered into the strategic partnership this year and agreed to the marketing activities together. Moonstake will organise several events with Harmony in the near future and the information will be posted on our social media. Apart from partnerships, Moonstake is now a member of Singapore FinTech Association and Blockchain Association Singapore. These engagements thrive to empower the community and the ecosystem.
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, partnership has been announced with Ontology and NEO, Binarystar, Japan’s biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore Catalist-Listed company and Quras, PundiX and Wanchain 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.
Harmony is a fast and secure blockchain with key innovations in state sharding and peer-to-peer networking. Its sharding uses secure proof-of-stake and decentralized randomness, and its networking achieves optimal cross-shard routing and fast block propagation.
Harmony helps businesses build marketplaces of fungible tokens (such as energy credits and loyalty points) and non-fungible assets (such as game collectibles and real estate).
Harmony is applying zero-knowledge proofs for data sharing while preserving the consumer’s privacy. Common industry use cases include ad exchanges, credit ratings and many other data consortia that would otherwise take many years to form among competing companies.
Harmony recently launched on Binance and shipped Day ONE Mainnet.