Moonstake will support staking in the Moonstake wallet once Centrality completes the ongoing ERC-20 to CENNZnet migration (swap) process and begins to support staking.
Moonstake’s support for staking CENNZ tokens was recently mentioned in a Moonstake webinar held on December 13 with Centrality CEO Aaron McDonald and CCO Jerry Yuan, and was very well received by the Centrality community. The addition of CENNZ to the highly usable Moonstake wallet, which can send, receive, and manage over 2000 cryptocurrencies and supports staking of 7 coins, will benefit more and more users in the future. The addition of CENNZ will benefit more and more users.
Prior to staking support, the Moonstake web wallet today added support for sending, receiving, and holding CENNZ tokens after the migration to CENNZnet. The Moonstake web wallet has been providing users with the ability to send, receive, and hold ERC-20 based CENNZ and CPAY tokens. We are pleased to announce that we are now able to send, receive and hold CENNZ and CPAY tokens after swapping.
How to show CENNZ and CPAY sent, received and held in Moonstake Wallet.
How to view CENNZ & CPAY on CENNZnet
1) Click on “Add Coins”.
2) Click the Add button for “CENNZ & CPAY”, and then click “Add Asset”.
3) Enter your password
Display of CENNZ & CPAY on the wallet screen is complete.
<About CENNZ Token>
CENNZ is a staking token; it can increase in value without impacting the cost of using the network. This is important to ensure developers can predict the cost of running their application. The demand for CENNZ will increase as more users join the CENNZnet network and generate more activity in the form of transactions.
Staking your CENNZ enables you to participate in the network consensus by securing and governing the network. It also provides you with block rewards in the form of our fee token, CPAY.
<About CPAY Token>
CPAY works like gas in the network and will be used for transaction fees and block reward payments for stakers. It’s designed to be algorithmically stable, so developers can easily predict the cost of their application, and stakers can easily predict the value of their stake.
In the future, Moonstake will continue to send out various information to our users, including details on how to handle Centrality tokens and staking. If you have any questions about how to handle CENNZ or centrapay in your Moonstake wallet after the swap is complete, please contact us via Twitter DM or this email address.
About Moonstake Wallet
The Moonstake wallet allows users to manage over 2,000 assets and staking of 7 different coins simultaneously, and will support CENNZ staking.
The Moonstake wallet has already installed a system for depositing CENNZ and CPAY migrated to CENNZnet. You can use the “Add New Asset” button to deposit CENNZ and CPAY smoothly after the swap is completed. Please download it.
Click here to open an account for the desktop version of the wallet: https://wallet.moonstake.io/sign-up
To download the mobile app version of the wallet, click here
Moonstake develops a staking pool protocol and provides business services through partners and companies. We aim to be the largest staking pool network in Asia by providing an active environment for crypto asset holders.
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. Partnership has been announced with Emurgo, Ontology and NEO to boost staking adoption. Binarystar, Japan’s biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore Catalist-Listed company, Industry’s reputed advisors, such as Lisk and Centrality supports Moonstake’s innovative journey. With a full-scale operation launched in August 2020, we expanded our business and as of November, our total staking assets exceeded over USD 90 Million.
Centrality is one of the world-leading fintech venture platforms based in New Zealand. Centrality, a recipient of New Zealand government research grant, works along NZTech and Singlesource and other such companies in creating a system using the decentralized system with the New Zealand government through participation in Digital Identity NZ, an organization working to bring private and government organizations together in making digital identity easier and secure.