Moonstake users now have the ability to use their Ontology assets (ONT) to earn rewards through its website based staking pool. This support of Ontology will give 2,000,000 Ontology community contributors with an option to stake their coins at a reliable strategic partner.
Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake provides business services through partners and companies. 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. Moonstake provides help users participate in staking their assets through secure wallet access.
Moonstake and Ontology announced the partnership on April 6th to drive staking activity and accelerate industry adoption of PoS transaction validation. Since then, Moonstake has built the best staking infrastructure for ONT holders and now, it is live. As of June 10th, 2020, the market cap of ONT (1 ONT = 0.607 USD) is over 442 million USD and ranked at top 30th at CoinMarketCap.
Ontology will be the third coin to be staked on the Moonstake’s staking pool, following after Cosmos and IRISnet. Along with the launch on Moonstake Web Wallet, staking support on Ontology will be started in Moonstake Mobile Wallet（iOS / Android) soon after.
The staking procedure for Ontology is as below:
1. MS Web Wallet registration (https://wallet.moonstake.io ) if you are new user
2, Add ONT at “ADD NEW ASSETS”
3. Send ONT to your wallet
*For non-ONT holders, ONT can be purchased on major exchanges or DeFi connected wallet (ex: Infinito Wallet)
4. Begin staking. The minimum staking amount is 500 ONT
*The reward from ONT staking will be ONG as the policy of Ontology. In claiming to receive ONG rewards, non-ONG holders will need to purchase ONG, which is working as Gas to claim, receive and send ONT.
*If you unstake, your ONT will be locked for 2 rounds. Each round ranges between 33 hours to 42 days.
Moonstake has continuously expanded its partnership with major projects. Most recently, Moonstake entered into the strategic partnership with Pundi X, a Singapore’s leading developer of blockchain-powered devices and services, last week. Along with the growing ecosystem, more coins will be supported on Moonstake’s platform.
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, a partnership has been announced with Ontology, Binarystar, Japan’s biggest blockchain hub,DLF Holdings Limited (SGX: KUX), a Singapore Catalist-Listed company and Quras 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.
Ontology is a high-performance public blockchain and distributed collaboration platform. Architected in Asia with global teams, Ontology’s unique infrastructure supports robust cross-chain collaboration, Layer 2 scalability and includes a suite of decentralized identity (DID) and data sharing protocols to enhance the speed, security, and trust that are fundamental to enhanced global cooperation among businesses. These characteristics are particularly important for future global collaboration with on-chain and off-chain scenarios.