SINGAPORE, July 8, 2021 – (ACN Newswire) – Bytom and
Moonstake, one of the industry’s top staking providers, have
entered into a strategic collaboration. Moonstake develops a
staking pool protocol to meet the growing user and
commercial demand in the Asian region and global market,
aiming to become the largest staking pool provider (PoS
staking) in Asia.
Moonstake joins the Bytom 2.0
ecosystem in its commitment to market and commercial
success
Moonstake will be supporting the Bytom 2.0
ecosystem and providing its expertise in staking. The
addition of Moonstake will provide Bytom users assurance
with its expertise in Staking, while also bringing new
digital asset options to Moonstake’s existing users.
Moonstake launched its staking business in 2020 with the aim
to create the largest staking network in Asia. Since then,
it has 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. Currently,
Moonstake supports 12 high-demand staking coins: Cosmos,
IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot,
Quras, Centrality, Orbs, and IOST.
Bytom and Moonstake
will also collaborate closely for marketing and community
outreach efforts. Moonstake has strong user bases in markets
such as Japan, Singapore and Southeast Asia, and its
advisory team consists of members from several esteemed
public chains and DeFi projects such as Lisk, Ramp,
Centrality, RockX, Ruby Capital, and Harmony.
A
Partnership for Opportunities in DeFi
The DeFi space
currently has a very high concentration of innovation in the
blockchain space. Both Bytom and Moonstake have deep
technical and product expertise in this area. Bytom’s DeFi
protocol cluster product MOV (MOV.network) is a
multi-decentralised protocol product that combines
cross-chain, AMM, order book and interest rate protocols.
Meanwhile, Moonstake currently has partnerships with Muse
Finance and other high-profile projects in the DeFi space.
Moonstake and Bytom will work together in the DeFi space to
explore possibilities in the technology and
ecosystem.
Lawrence Lin, the CEO at Moonstake
expresses his excitement for this collaboration: “Moonstake
looks forward to supporting Bytom 2.0 and its move to PoS.
We will also work closely with Bytom for co-marketing and
community outreach, and to explore deeper partnerships for
the DeFi space.”
Bytom CEO Langyu Said: “We can make a
difference by collaborating with Moonstake. We believe that
we can make a great success together in staking, DeFi and
marketing together,” said Lang Yu, the CEO at Bytom
Foundation.
Together, Moonstake and Bytom’s
partnership promises to bring great value to the crypto
staking and DeFi community as the Bytom blockchain makes its
strategic migration to the PoS protocol and delivers further
innovation to the market.
About Bytom
Bytom is a
blockchain-based open-source value-exchange protocol. It
aims to tokenize real-world assets, such as warrants,
securities, dividends and bonds. Users can use the Bytom
blockchain to create assets without limits and have these
assets circulate freely.
Bytom has built a
comprehensive product ecosystem that covers,
1. Bytom
Blockchain
2. DeFi protocol (MOV)
3. Cross-chain
gateway (OFMF)
4. Enterprise Blockchain
(Bystack)
5. And also leading an IEEE working standard
group
Learn more by visiting: https://bytom.io,
follow us onTwitter@Bytom_Official,
subscribe to Bytom’s Newsletter, and join our
Telegram.
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. Partnerships have 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 1 billion.