Moon Steak celebrates its 1st anniversary! As one of the world’s top 10 staking companies in one year
This April, Moon Steak is celebrating its 1st anniversary. In less than a year after the official launch, Moonstake has established a solid position in the POS market, and Moonstake’s total staking assets have reached more than 900 billion won. Has been.
Celebrating Moonsteak’s 1st anniversary, Moonsteak’s founder Mitsuru Tezuka says: “2020 was an amazing first year for Moonsteak. We have achieved over 900 billion won in our staking assets and have won the trust of investors and companies around the world through our staking wallet and our staking solution as a service. In just one year, we have become one of the eight largest staking providers in the world, which works with the most respected institutions and projects in the market, while increasing global awareness of the blockchain and actively participating in various educational initiatives. Thanks to our strategy. We are very excited to see how the Moonsteak ecosystem will continue to grow after 2021, especially in the DeFi sector, and we hope to experience all of this with you this year. Thank you for always supporting me!”
Looking back at Moonsteak’s achievements, let’s talk with Chief Advisor Shogo Ishida and CEO Lawrence Lin about the exciting future of Moonsteak after 2021.
Lawrence Lin: Hello. This is Lawrence Lin, CEO of Moonsteak. It has been a year since our debut in the Moonstake staking business with the aim of building the largest staking network in Asia. We have developed a user-friendly staking wallet. Moonstake web wallet for web browser and Moonstake mobile wallet for iOS / Android that supports over 2000 cryptocurrencies. Moonstake’s staking community now easily gets staking rewards from all the high-demand POS coins in the market, including Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, and most recently Orbs. can.
Moonsteak is also a leading provider of Emurgo (global blockchain solutions provider and founder of Cardano), NEO, Ontology, Wanchain and decentralized projects including Pundi X, RAMP DEFI, TZ Ventures, RockX, Stake Technologies and public blockchains such as Orbs, Unido. Established strategic partnerships with industry players. These partnerships not only allow Moonstake to stake more PoS coins for their users, but also make Moonstake’s technology ecosystem more accessible to the global staking community.
Question: What are the biggest barriers to staking right now and how should they be addressed for investors and blockchain business?
Lawrence Lin: It’s definitely a lack of awareness and still inaccessible user experience. Most of the public knows about cryptocurrencies with crazy price changes, which are bitcoins, but PoS coins are invisible to the public such as stocks, real estate, gold, etc. In fact, staking is basically like putting it in a bank as a concept of savings, but it’s much safer because it’s on a decentralized network instead of a centralized banking system.
But staking isn’t just about putting money in a safe. Essentially, it is an activity that affects the operation of the blockchain network because it selects validators (miners) to facilitate transactions. Due to this added technical complexity, staking can seem too intimidating for ordinary cryptocurrency investors, even more so for companies looking to adopt blockchain.
Moonstake is committed to accelerating the adoption of staking by addressing both of these issues for investors and businesses. By hosting initiatives such as educational webinars and working with both blockchain projects and institutions, we want to help spread awareness of blockchain and decentralized technologies more effectively. At the same time, through an official partnership with the blockchain project, we have developed a user-friendly Moonstake wallet that supports only the most demanded PoS coins, allowing investors to make good returns from the fund with optimal returns without dealing with technical complexity. It also provides Moonstake staking pool and node solutions to enterprises, allowing businesses to leverage and benefit from blockchain in an easy, plug-and-play manner.
Q: There has been an announcement of the introduction in the DeFi domain, but what kind of development does Moonstake plan to try in the DeFi domain?
Shogo Ishida: On March 31st, we announced the DeFi project Muse.Finance, and as a partner, we are participating in the DeFi project in collaboration with Moonstake. In addition to creating their own products, Moonstake will widely embrace applications of DeFi products that want to connect to the Moonstake platform. Muse.Finance allows crypto asset holders to participate in staking, while benefiting from blending through lab assets. It is a decentralized platform for yield farming at the same time. The ecosystem design consisting of Muse Swap, Muse Lending, and Muse Wrap is realizing a PoS platform that connects Ethereum 2.0 with the DeFi ecosystem of tokens issued by Ethereum (ERC-20) and creates liquidity. In addition, by using advanced cross-chain technology, we are expanding the crypto asset economy that can provide services starting with Cardano, Polkadot, Solana, Oasis, Terra, and Centrality.
Muse.Finance plans to launch lab and swap products in May. After that, we plan to strengthen the DeFi platform sequentially, such as blending and yield firming, within this year.
Moonstake was recently established to develop a staking pool protocol to meet the growing demand of the local and global blockchain market. Moonstake develops a staking pool protocol and provides business services through partners and companies.
Moonstake aims to create the largest staking pool network in Asia, and a strong environment for cryptocurrency holders is one of its missions. Establishing a clear partnership roadmap with Moonstake is another important milestone towards continuing to strengthen our relationship with leading platforms in Asia’s burgeoning DLT (Distributed Ledger Technology) ecosystem. Binarystar, Japan’s largest blockchain hub, announced a partnership with Singapore Catalyst-listed OIO Holdings Limited (SGX: OIO) with Emurgo, Ontology, and NEO. Famous industry advisors such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake’s innovative journey.
Moonstake is expanding its business through full-scale operation in August 2020, and its total staking assets reached 900 billion won.
Notice. This content is a press release by one party, and does not mean that the facts of the information have been confirmed, and may differ from the editorial direction of this magazine.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.