Dec 15, 2021 | Business
Moonstake is happy to deliver more good news to our Shiden users: Shiden DApp Staking is now supported natively on Moonstake Wallet. You can now earn reward from staking Shiden network’s SDN token to Shiden Network DApps right via the Moonstake Wallet interface with the newly launched “DApp Store” feature for Shiden!
This is an additional option to earn from your SDN assets on top of staking with Moonstake, as you can stake with multiple Shiden DApps at once. Hold, send, receive, and stake SDN in various pools to receive rewards with the best user experience through one single click. Moonstake is proud to be amongst the world’s first group of validators for Shiden Network.
Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS / Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake’s total staking assets have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Since March this year, Moonstake has also entered DeFi together with the newly launched DeFi platform, Muse.Finance, who has begun releasing its core DeFi products which are all scheduled to be integrated into Moonstake platform to enable advanced DeFi connectivity for our global users.
The Shiden Network is built using almost the same code base as Astar Network (formerly Plasm), a public blockchain originating in Japan, and connects to the Kusama Network, an experimental network that is one-tenth the scale of the Polkadot Network. Since the Kusama Relaychain does not support smart contract functionality by design, it needs a smart contract layer which is where Shiden Network comes in. On top of this, Shiden also supports various advanced blockchain applications like DeFi, NFTs and more.
Since February 2021, Moonstake has been strategic partners with Plasm, now known as Astar Network, working together to expand the Polkadot staking and DeFi ecosystems. Just recently, we integrated support for staking of Shiden Network’s SDN, Astar’s sister network, as the important next step of our collaboration and plan to penetrate the DeFi market. And now with the integration of Shiden DApp Staking, we are offering a robust variety of opportunities for global crypto users to earn with Shiden Network with the best user experience.
How to use Shiden DApp Staking feature on Moonstake Wallet
1. Register your Moonstake Wallet via Web or mobile (iOS / Android)
2. From “Wallets”, click on “Shiden Network” then “DApp Store”
3. Find the Shiden DApp you’d like to stake in, then click “Add”.
4. Enter the amount to stake then click “Continue”. Enter your wallet password to confirm the stake.
Information to note about SDN staking
– The minimum staking amount is 50 SDN.
– Currently, each DApp can have a maximum of 512 nominators. You won’t be able to stake with any DApp who has the number 512 in their “Stakers” section.
How to get rewards of SDN staking:
The annual reward (APY) for SDN is dependent on Shiden and its DApp Store. You can claim your SDN rewards once every ERA, which is a period of time that is approximately 24 hours. The claim needs to be done within 15 days or the unclaimed rewards go to the treasury. A claim can be made by the contract owner or any staker in the DApp. One claim will be for everyone, so it doesn’t have to be you. If the DApp owner or anyone else from the staking pool press “Claim”, you will also get your ERA rewards.
How SDN unstaking works:
If token holders want to send an asset that is currently staked, they will need to unstake it first. There is no lock period for unstaking SDN.
To learn about how to stake SDN with Moonstake instead of Shiden DApps, check our previous guide on SDN staking.( https://moonstake.io/moonstake-wallet-now-supports-staking-of-shiden-sdn/ )
Moonstake is proud to be amongst the world’s first group of validators and we’re pleased to help accelerate global adoption of Shiden staking and DApps with this new integration.
About Moonstake
Moonstake is the world’s leading staking service provider that develops and operates decentralized wallet services for businesses and individuals.
Since its launch in April 2020, Moonstake has partnered with 27 leading platform providers, including Cardano’s constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange.
Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools. https://www.moonstake.io/
About Moonstake’s staking business
For the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 12 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year.
About Shiden
Building the premier multi-chain smart contract platform on Kusama Network. Shiden Network is a multi-chain decentralized application layer on Kusama Network. Kusama Relaychain does not support smart contract functionality by design. Kusama Network needs a smart contract layer. This is where Shiden Network comes in. Shiden supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions from day one. The platform supports various applications like DeFi, NFTs, and more. https://shiden.astar.network/
About Astar
Astar Network is a dApps hub on Polkadot that supports Ethereum and layer 2 solutions like ZK Rollups. Plasm aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines like EVM and WASM. https://astar.network/
Topic: Press release summary
Dec 10, 2021 | Business
Today, Moonstake is happy to announce that we support Cardano non-fungible tokens (NFTs). Starting today, users can hold, send, receive, and track their Cardano NFTs on Moonstake web and mobile wallets with the best user experience. With this new addition, Moonstake now supports NFTs of Ethereum’s market-leading ERC-721 standard as well as the popular Cardano NFTs.
Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS / Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake’s total staking assets have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Since March this year, Moonstake has also entered DeFi together with the newly launched DeFi platform, Muse.Finance, who has begun releasing its core DeFi products which are all scheduled to be integrated into Moonstake platform to enable advanced DeFi connectivity for our global users.
Meanwhile, Cardano is a market-leading Proof-of-Stake blockchain network that aims to allow “changemakers, innovators and visionaries” to bring about positive global change. Following the completion of Alonzo hard fork that enabled smart contracts, NFT projects began to be developed and launched on the platform and Cardano NFTs soon exploded in popularity thanks to the implementation of Cardano Improvement Proposal 25 that gave the platform a defined NFT metadata standard for its native tokens. Since August 2020, Moonstake has been a strong staking provider for ADA staking, Cardano’s native token, and we have also been strategic partners of Emurgo, the commercial arm of Cardano. With this new development, Moonstake is once again strengthening its position as a market-leading staking platform for Cardano and we hope to better serve the needs of ADA users worldwide.
How to enable Cardano NFTs for your Moonstake wallet:
1. Register your Moonstake Wallet via Web or mobile (iOS / Android)
2. From the Wallet screen, click “Add New Asset”, then select the “Cardano NFT” tab.
3. Search your Cardano NFT name, then click “Add” next to the Cardano NFT you want, then click “Apply” to enable.
4. From the “Wallets” screen, select “Cardano NFT”, then “View Asset” to check your NFT.
About Moonstake
Moonstake is the world’s leading staking service provider that develops and operates decentralized wallet services for businesses and individuals.
Since its launch in April 2020, Moonstake has partnered with 27 leading platform providers, including Cardano’s constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange.
Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools. https://www.moonstake.io/
About Moonstake’s staking business
For the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 12 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year.
Topic: Press release summary
May 25, 2021 | Business
Starting from today, users can stake IOST to earn passive income on Moonstake Web Wallet. Through formal technical collaboration with the seasoned development team behind IOST, the integration fulfills its promise of bringing about a satisfactory staking experience for IOST holders on Moonstake Wallet.
Now users of Moonstake Web Wallet can hold, send, receive, and stake their IOST to receive rewards with the best user experience through one single click. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality and Orbs, IOST became the 12th available staking coin on Moonstake.
Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake’s total staking assets have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 10 staking providers globally.
Meanwhile, IOST is an enterprise-level blockchain network developed for online service providers. It utilizes a unique, breakthrough consensus algorithm called “Proof of Believability” (PoB) that allows high transaction throughput speeds and virtually zero gas fees while all the nodes stay secured and compliant.
Moonstake and IOST announced their partnership earlier this month, in which Moonstake will become an official node partner of IOST to enable seamless staking experience of IOST assets for crypto holders on the Moonstake platform. The two projects have expressed keen interest in exploring deeper collaboration opportunities beyond becoming node partners.
To celebrate the launch of IOST staking, Moonstake is running a special campaign that allows users to create a free IOST account right inside the wallet interface. This offer will only run from from 25 to 31 May 2021 so hurry up and get your free IOST account with us.
How to create a free IOST account on Moonstake through this campaign:
(If you are a new user)
1. Register with Moonstake Web Wallet (https://wallet.moonstake.io).
2. IOST is already added to your Wallets screen by default. Proceed to step 3 below.
(If you need to add IOST to an existing Moonstake Wallet)
1. On Wallet, click the “Add coin” button to add IOST.
2. Enter your wallet password to confirm the addition of IOST.
3. From the wallet screen, select IOST and click the “Create Account” button.
4. That’s it! The free IOST account will be created for you automatically.
How to stake IOST on Moonstake Wallet
1. From the wallet screen, select IOST. If you do not have an IOST account yet, please click “Create Account”.
2. Obtain GAS and RAM before staking (see How to Obtain GAS and RAM below)
3. To start staking IOST, click “Stake Now”.
4. Confirm the staking information, then click the “Staking” button and enter your wallet password.
How to Manage GAS and RAM
GAS is used as a fee for the use of IOST. When you first create an IOST with Moonstake, your GAS limit will be 3 million, with about 1 million immediately available for use. By pledging (locking) your IOST, you can increase this GAS limit.
1. Click “Manage” from the available GAS on the Staking screen.
2. Click on Pledge Quantity from the Available GAS screen and enter a value in the Pledge Quantity field. The GAS limit will increase by 300,000 per IOST.
3. If you wish to obtain GAS in your current account, leave this field as is.
4. Click “Continue” and enter your wallet password to complete the pledge.
Meanwhile, RAM is used in staking IOST and you can exchange RAM on Moonstake as follow:
To buy RAM:
1. Click the “Purchase” button on the Available RAM screen.
2. Enter the quantity in the “RAM Quantity” field on the Available RAM screen.
3. If you wish to purchase RAM for your current account, leave this field as is.
4. Click “Continue” and enter your wallet password to complete.
To sell RAM:
1. Click the “Sell” button on the Available RAM screen.
2. Enter the quantity in the “RAM quantity” field on the Available RAM screen.
3. Click “Continue” and enter your wallet password to complete.
You need both GAS and RAM to stake as well as unstake IOST.
How IOST Staking Works:
GAS and RAM are required when staking, unstaking, and receiving staking rewards. GAS can be obtained by pledging IOST and RAM must be purchased by IOST. GAS limit can be increased by pledging for other accounts and RAM can also be purchased for other accounts.
How to get Rewards for IOST staking:
The staking rewards are paid out daily and the Ecosystem Bonus Rewards are paid out quarterly. To get the staking reward displayed in the reward column of the staking screen, click the “Receive Reward” button at the bottom of the screen. Please confirm the displayed contents and enter the sending password. Note that GAS and RAM are required to receive the reward.
How IOST unstaking works:
If you wish to redeem your votes (unstaking), it takes 3 days. After redemption, you can vote again, trade or withdraw. Note that the distribution of rewards will stop once you initiate the vote redemption process.
Moonstake looks forward to deeper cooperation with IOST to bring the valuable staking ecosystem to coin holders worldwide.
About Moonstake
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.
Moonstake aims 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-listed company. Industry’s reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake’s innovative journey.
With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 800 Million. https://www.moonstake.io/
About IOST
Supported by Sequoia, Matrix, ZhenFund, and other major investors, IOST is an enterprise-level blockchain platform developed for online service providers.
The IOST project team is currently mainly composed of R&D personnel focusing on blockchain distributed technology. The team is formed by experienced blockchain industry experts who have graduated from world top universities such as Princeton, Stanford, MIT, Tsinghua University, and Beijing University.
With a two-year-old mainnet, IOST has swiftly risen to become a world-leading public chain renowned for its numerous government collaborations and enterprise partnerships around the world. IOST is one of the Big Four public chains with a rich user base and real applicability alongside Ethereum, EOS, and TRON. 500,000 community members, over 20 countries worldwide, over 400 nodes, top staking economy, and growing. https://iost.io/
Topic: Press release summary
May 10, 2021 | Business
Today, staking of Orbs’s native token, ORBS, is officially available on Moonstake’s Web Wallet. ORBS fuel all activities on the Orbs blockchain including smart contracts, transaction fees, and consensus-based storage is currently ranked #5 in the Top 10 trending crypto coins by CryptoCrunchApp. Additionally, Moonstake is now officially a Guardian for Orbs Universe to help facilitate network security.
Now Moonstake’s wallet users can hold, send, receive, and stake their ORBS to receive rewards with the best user experience through one single click. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality and Orbs became the 11th available staking coin on Moonstake Wallet.
Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake’s total staking assets has grown rapidly to reach $900 Million, allowing Moonstake to become one of the top 10 staking providers globally.
Moonstake and ORBS entered into a strategic partnership in March, 2021. Through this partnership, Moonstake actively developed support for the staking of ORBS, Orbs’ official token, on Moonstake Wallet, as well as participating further in the Orbs blockchain ecosystem. The two parties will also host community building programs, research, training, events, and conferences with the goal to increase awareness and adoption of Blockchain and Distributed Ledger Technology in the Banking and Finance Industry. Moonstake and Orbs will discuss further potential provision of consulting services to financial institutions in the regions of Southeast Asia and Middle East.
How to stake ORBS on Moonstake Wallet
Here’s a simple 3-step process to stake ORBS with Moonstake Wallet:
1. Register your Moonstake Web wallet (https://wallet.moonstake.io)
2. From the wallet screen, select ORBS and click the “Stake Now” button.
3. Confirm the staking information, then click the “Staking” button and enter your wallet password.
How ORBS Staking Works:
– Hold ORBS Token and no minimum amount for staking.
– Agree to lock in and stake ORBS.
What is Guardians Role:
Guardians play a central role in the Orbs PoS model – they are expected to be key participants within the Orbs Universe, who enforce the security of the network, align with the long term Orbs vision and actively work to make this vision a reality. A core role of the Guardians is to review the Validators, monitor their operations and ensure proper network operation and security by approving Validators that follow the protocol correctly.
How to get Rewards of ORBS staking:
Token holders that delegate to an active Guardian are rewarded in proportion to their stake. Annual reward is up to 8% of the Delegators staked tokens (subject to an 80M Orbs Token cap on total rewards).
* Delegators are ORBS token holders who assign their voting weight (stake) to Guardians, empowering them to maintain security and uphold the long term vision of the ecosystem.
How ORBS unstaking works:
If token holders want to send an asset that is currently staked, they will need to unstake it first. The unstaking of tokens will take a full 14 days before they become available, therefore you will not be able to send the tokens immediately. The period during which the tokens cannot be transferred is called the “lock period”.
Moonstake looks forward to deeper cooperation with Orbs to increase our market presence in the key regions of Japan, Southeast Asia, and the Middle East, as well as bring the diverse ecosystem of staking coins to user communities worldwide.
About Moonstake
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.
Moonstake aims 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 Lawrence Lim of RAMP DEFI support Moonstake’s innovative journey.
With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 900 Million. https://www.moonstake.io/
About Orbs
Orbs is a free, open-source, public blockchain infrastructure designed for mass usage applications, providing enterprise-grade scale, security and support. Orbs blockchain network expands the offerings of public blockchains by supporting permissioned applications developed by existing for-profit businesses, while also supporting purely decentralized apps and being a prime platform for launching decentralized finance applications. Founded in 2017, Orbs is being developed by a dedicated team of more than 30 people out of its offices in Tel Aviv, Israel, London, UK, Singapore, and Seoul, South Korea. Orbs was named Gartner’s “Cool Vendor in Blockchain Technology” for 2018. https://www.orbs.com/
Topic: Press release summary
