Tag: Moonstake

Moonstake is pleased to announce we will be attending the world’s first staking summit hosted by the staking industry’s leading data aggregator Staking Rewards on 8th November, 2022. The event sets out to gather the foremost experts and investors from across the industry, with big name speakers from Ethereum, Cosmos, Polkadot, and many more, to explore where crypto’s rapidly growing $300+ billion staking ecosystem goes after the Ethereum Merge. Our advisor, Michael Burgess, will attend the event as a panel speaker on the topic of staking.

The Staking Summit by Staking Rewards is part of Lisbon’s Blockchain Month and it aims to tackle some of staking’s thorniest questions as it advances towards institutional adoption, as well as validator and governance best practices, and behavioral insights. The event will comprise of keynote presentations, panels and discussion groups. It is sponsored by leading industry names such as Obol Labs, Luganodes, Tencent, Meta Pool, Allnodes, Ankr, Tenderize, GlobalStake, Sikka Money and Staking Facilities. The Staking Summit will be held at LX Factory in Lisbon from 9AM to 7PM, and limited to 500 attendees. There will also be an exclusive party for VIP ticket holders afterwards. For more information and to book your tickets, please visit: https://stakingsummit2022.eventbrite.com/

Moonstake started the staking business in 2020 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. Currently, Moonstake supports 17 leading PoS assets including Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs (Ethereum and Polygon), IOST, TRON, Shiden, FIO, Everscale, and Oasis. As a Verified Provider of the StakingRewards Verified Provider Program (VPP) and top 10 staking provider worldwide, Moonstake is excited to join The Staking Summit to share our thoughts and insights with other leading PoS players.

Founded in 2017, Staking Rewards is the central information hub and leading data aggregator for the crypto staking industry. It provides insights and investment tools for private and institutional investors through unbiased and live staking market data, simplifying portfolio and calculator tools, and deep research analysis about the staking industry. The Staking Rewards API feed is being used by major companies like Coinbase and Bitcoin Suisse.

Speaking on the objective of the summit, Staking Rewards CEO Mirko Schmiedl, said: “Outside of Bitcoin, mining is dead and Proof of Stake is the new king. But for an industry with such huge monetary value, surprisingly little discussion and collaboration is happening between different protocols. We need to fix that. The more we can learn from each other, the more robust and valuable the ecosystem as a whole will be. This is what The Staking Summit sets out to achieve, to answer the collective question: where does staking go next?”

Representing Moonstake staking provider at the summit as a panel speaker, Advisor Michael Burgess said: “As one of Asia’s largest staking providers, we’re honored to be a part of the inaugural Staking Summit in Lisbon. It allows Moonstake to showcase its progress, gain prominence, and acquire insights into trends from industry leaders. We look forward to convene with leading PoS players across the world and discuss how we can work to accelerate the growth of the staking ecosystem as a whole.”

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 17 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 Staking Rewards
Staking Rewards is the leading data aggregator for the rapidly growing $300 billion+ crypto staking industry, used by more than 400,000 investors, analysts, and crypto community enthusiasts globally. https://www.stakingrewards.com/

Today, Moonstake is proud to announce that we are now officially a Verified Provider as part of StakingRewards’ Verified Provider Program! We join the VPP family as a top 10 staking provider worldwide trusted by users and leading PoS blockchain projects across the globe.

The Verified Provider Program (VPP) is an initiative by StakingRewards to increase trust, transparency, and reliability in the staking industry by verifying that Providers meet a set of criteria relating to risk management, longevity, and security measures. The program aims to help investors make confident decisions about Staking Providers by conducting rigorous due diligence on the provider’s operations and security setup to determine if their service truly provides users with Reliability, Security, Accountability, Liability. Additionally, they also calculate a “Value-Added Score” that considers things like customer service, value-added services offered, decentralization ethos, and governance participation. As a Verified Provider, Moonstake is proven to provide an outstanding staking platform with exceptional user experience, be it in asset management and security for users or customer service.

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. Currently, Moonstake supports 17 leading PoS assets including Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs (Ethereum and Polygon), IOST, TRON, Shiden, FIO, Everscale, and Oasis.

Founded in 2017, Staking Rewards is the central information hub and leading data aggregator for the crypto staking industry. It provides insights and investment tools for private and institutional investors through unbiased and live staking market data, simplifying portfolio and calculator tools, and deep research analysis about the staking industry. The StakingRewards API feed is being used by major companies like Coinbase and Bitcoin Suisse.

Mitsuru Tezuka, Founder at Moonstake, says: “We’re honored to become a part of StakingRewards Verified Provider Program as a Top 10 global staking provider. Moonstake is always striving to offer the best staking experience for users worldwide with support for high-demand assets, a robust and secure staking infrastructure developed by our expert development team as well as in partnership with leading industry partners, excellent customer support and multilingual services, as well as sharing valuable industry news and insights to our users. We hope to continue serving the crypto community and receive your continued support!”

Follow us on Twitter (https://twitter.com/moonstake) and Telegram (https://t.me/Moonstake_wallet) for the latest updates on Moonstake news!

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 17 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 StakingRewards
StakingRewards is a platform of open-concourse, that provides data and guidance to minimize the risk when investing in the countless opportunities to earn passive income with cryptocurrencies. The team is curating knowledge and data to build a healthy staking and defi ecosystem. StakingRewards is committed to lowering the access barrier to staking opportunities by presenting, comparing and benchmarking all the (Staking) Providers, who are dedicated to providing infrastructure, security, expertise and sometimes even custody or insurance for the staking assets. https://www.stakingrewards.com/

Today, Moonstake is thrilled to announce that we will officially support the Ethereum Merge. This event marks the full transition of the Ethereum network to Proof-of-Stake and will finally enable users to stake and earn from their ETH assets. We are proud to be one of the first platforms in the world to officially support the new Proof-of-Stake ETH.

The Ethereum Merge will undoubtedly bring about exciting developments for the market as well as many benefits to crypto users. We have an insight article on the impact of this event and why you should care here( https://moonstake.io/everything-about-ethereum-merge/) , so check it out if you’re interested.

Moonstake users do not need to take any action to access the new Proof-of-Stake ETH. All your ETH funds on Moonstake will remain secure when the Merge takes place.

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.

Established in July 2015, Ethereum has long been leading the industry with Bitcoin as the most popular digital assets. The Ethereum network is has been running on the Proof-of-Work consensus algorithm like Bitcoin since its inception, but is now changing to Proof-of-Stake. Benefits of The Merge include a massive 99.95% reduction in the network’s energy consumption and eventually, lower fees and faster transaction speed for users as the upgrade will set the stage for future scaling upgrades including sharding.

Moonstake Wallet has always supported the staking assets available on the Ethereum chain such as ORBS and CENNZ. By becoming one of the first platforms to support Proof-of-Stake Ethereum, Moonstake is further demonstrating its commitment to providing the best experience for crypto users.

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 17 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 Ethereum

Ethereum is a technology for building apps and organizations, holding assets, transacting and communicating without being controlled by a central authority. There is no need to hand over all your personal details to use Ethereum – you keep control of your own data and what is being shared. Ethereum has its own cryptocurrency, Ether, which is used to pay for certain activities on the Ethereum network. https://ethereum.org/

Moonstake is pleased to announce that our users can now earn interest from staking ORBS token on an additional chain – Polygon – on both the Web and Mobile Wallets! Hold, send, receive, and stake ORBS on both Ethereum and Polygon Network to earn multi-chain staking rewards with the best user experience through one single click!

Previously in April 2022, we initially integrated support for Polygon chain, specifically enabling users the ability to hold, send, receive, and own MATIC coin as well as MATIC tokens. As an official Guardian of Orbs Universe via strategic partnership with Orbs Network since March 2021, Moonstake is proud to bring our community as well as ORBS users globally the ORBS multi-chain staking experience on Ethereum and now Polygon!

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, Orbs recently rolled out its Orbs 3.0 upgrade which utilizes Orbs’ unique features, designed for interoperability with EVM and non-EVM blockchains, to be set up as a separate decentralized execution layer operating between the base blockchain layer and application layer.

The Orbs Network is powered by the ORBS token, which is used for the settlement of fees and provides the system of incentives for election of Guardians (the Orbs validators) using Proof-of-Stake consensus. It is accessible across eight major chains: Ethereum, Binance Smart Chain, Polygon, Solana, Avalanche, Fantom, Harmony and Cronos. The protocol’s expansion to Polygon Network was based on Polygon’s market prominence as a leading layer-2 project on top of Ethereum that is one of the market’s biggest blockchains for Web3 builders, boasting over 7,000 DApps in its developer ecosystem which features numerous big names – from DeFi projects such as lending platform Aave to luxury brands company Dolce & Gabbana and NFT marketplaces including OpenSea and Mark Cuban’s Lazy.com. Deploying Orbs staking on Polygon capitalizes on the advantages offered by the Ethereum stack in order to achieve both scalability and low fees as well as high security, while also offering users the flexibility to stake and earn with whichever chain they like.

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
2. From the wallet screen, select ORBS on Polygon 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.
The gas fee for transactions will be in MATIC tokens of Polygon instead of ETH like staking ORBS on Ethereum.

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 6.67% of the Delegators staked tokens.

*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 “cooldown period”.

Expanding the staking feature of ORBS to Polygon is another step in Moonstake’s effort to promote the adoption of crypto staking as we continue to provide more options and value to crypto users worldwide, and our close working relationship with partner Orbs Network will ensure a satisfactory staking experience for our users. We have previously held a number of campaigns for ORBS users, including webinar, quiz, and giveaways, and we are always working to organize more valuable programs for the community. Please stay tuned for more updates from us!

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 Orbs
The Orbs Network is an open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus. Orbs is set up as a separate decentralized execution layer operating between existing L1/L2 solutions and the application layer, as part of a tiered blockchain stack, without moving liquidity onto a new chain. Orbs acts as a “decentralized backend”, enhancing the capabilities of existing smart contracts and opening up a whole new spectrum of possibilities for Web 3.0, DeFi, NFTs and GameFi. Orbs was founded in 2017 and launched its mainnet and token in March of 2019. Orbs is being developed by a dedicated team of more than 30 people, with offices in Tel Aviv, London, Singapore, Tokyo and Seoul. https://www.orbs.com/

About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured. If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here. https://polygon.technology/

Moonstake today announces the formation of the Moonstake Gaming Guild (MSGG) as the staking provider makes its full-scale entry into the GameFi market.

GameFi is a term combining the words “Game” and “Finance”, referring to games where you can earn from playing. Specifically, in-game currency, tokens, characters, and items backed by blockchain technology can be bought and sold by players on crypto asset exchanges and marketplaces. GameFi is a market that has been growing rapidly, led by the “Axie Infinity” GameFi project which has been especially popular in Southeast Asia since 2021. The GameFi domain is expected to exceed $68 billion* and is attracting widespread attention even outside of the crypto asset industry.

GameFi is creating new businesses with its innovative model and Moonstake will help create new jobs by establishing and operating gaming guilds. We will provide gaming know-how and lend strong characters and weapons through the global connections promoted by Moonstake. Moonstake hopes to address one of the major goals of the SDGs, “End Poverty,” via the creation of new jobs.

*What is a Gaming Guild?
Gaming Guild is a community for matching investors and practitioners. Investors can purchase NFTs and loan them to practitioners aka game players who use the NFT to play. Investors and practitioners will share the revenue generated by playing. The guild operator matches game players with investors and provides them with the necessary NFT assets, tools, and know-how to share a portion of the revenue earned in the game.

Why are guilds attracting attention?
Token holders, who currently hold crypto assets as investors, provide assets to the guild for players to purchase NFTs for use in their games. The guild then uses those NFTs to allow players to participate in the game. Players, many of whom have never been exposed to crypto assets, are currently generating revenue as the community of GameFi players expands in the Philippines and other Southeast Asian countries. In this way, the creation of a new revenue model through GameFi has already been creating numerous new jobs and helping to build players’ economic power.

MSGG is currently recruiting game users through the scholarship program of JobTribes, a Play to Earn game that is being developed by Singapore-based GameFi platform DEA.

Moonstake plans to use JobTribes as a foothold to connect to a variety of GameFi projects and will work to create new employment opportunities primarily in Southeast Asia.

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 $1.5 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Since last March, Moonstake has also entered DeFi with its newly launched DeFi platform, Muse.Finance, which has released a core DeFi product that will be integrated into Moonstake to offer users worldwide Advanced DeFi connectivity.

Mitsuru Tezuka, Founder of Moonstake, says: “We are very pleased to be able to explore new areas of business for Moonstake via the MoonstakeGamingGuild. With so many people still looking for work around the world, GameFi, a new and exciting industry which creates jobs for many people, has always been one of the things I wanted to challenge myself with. I have been fortunate to have a great opportunity to create and operate guilds at JobTribes, and I hope to use this opportunity to discover the various possibilities of GameFi that can synergize with Moonstake to bring even more value to users worldwide.”

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 28 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.

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 16 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. https://www.moonstake.io/

Citation*. https://bit.ly/3tboifb

Moonstake is pleased to announce that our users can now earn interest from staking Everscale network’s EVER token on both the Web and Mobile Wallets! Hold, send, receive, and stake EVER to receive rewards with the best user experience through one single click. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, Shiden, and FIO, EVER became the 16th staking coin available 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. 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, Everscale Network is a blockchain made up of DAOs called sub-governance. Everscale is an SDK with Solidity and C ++ compilers, APIs, 13 programming languages, and client libraries for all popular platforms, local nodes for DApp testing, CLI tools, DeFi, NFT, tokenization, and governance. It has powerful developer tools such as a decentralized browser and a range of wallets that empower many applications. Everscale is a new and unique blockchain design that combines a scalable distributed world computer with the distributed operating system Ever OS.

EVER Reward Campaign
To celebrate the launch of the EVER staking feature on Moonstake through partnership with Everscale, Everscale Japan is launching an EVER Giveaway Campaign on February 24, 2022.

The first 2,000 people to open a Moonstake account through the Moonstake registration link below will receive an EVER token reward that is worth about $10. Details of the event will be announced on Everscale Japan’s Twitter, so please follow their channels to stay updated.

Moonstake account registration link for EVER reward campaign: https://wallet.moonstake.io/sign-up?ref=CYRHJWWH6Z
Everscale Japan Twitter: https://twitter.com/EverscaleJapan

How to stake EVER on Moonstake Wallet
Here’s a simple 3-step process to stake EVER with Moonstake Wallet:
1. Register your Moonstake Wallet via Web or mobile (iOS/Android)
2. Select EVER from the “Wallets” screen and click the “Add Asset” button.
3. Access the EVER screen to check your staking information. From the Staking tab, click the “Stake” button and enter your wallet password to complete staking.

How EVER staking works
Hold EVER, 10 EVER minimum staking amount.
Agree to lock in and stake EVER.

To get the maximum reward, split your stake into two parts and make sure to invest in both even and odd rounds. Currently, Everscale’s staking yields an annual interest rate of up to 6%.

How to get rewards of EVER staking
Rewards are paid by the Elector system contract after each validation cycle and are distributed by depools between stakeholders in proportion to their stake.

A small part of reward (typically 5%) goes to the validator node, the rest serves as a basis for distribution between all stakeholders.

How EVER unstaking works
If token holders want to send an asset that is currently staked, they will need to unstake it first. The staked coin is locked in the pool for the duration of the validation round (up to 54 hours) and cannot be withdrawn until then.

To withdraw your tokens from specific rounds, make sure to put the withdrawal request until the round ends. You can track validation rounds using network explorers tonscan.io or ever.live.

In case no withdrawal request is done before the validation cycle ends, the reward will be automatically added to your stake amount and participate in validation.

Moonstake is pleased to partner with Everscale to bring our users a satisfactory experience staking EVER. We look forward to further collaboration with the Everscale team to bring even more value to crypto users worldwide.

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 Everscale
Everscale is a new and unique blockchain design that proposes a scalable decentralized world computer, paired with a distributed operating system. The network is based on a platform called Ever OS, capable of processing millions of transactions per second, with Turing-complete smart contracts and decentralized user interfaces.

Everscale presents some new and unique properties, such as dynamic multithreading, soft majority consensus and distributed programming, which enable it to be scalable, fast and secure at the same time. It is governed by a decentralized community founded upon meritocratic principles via Soft Majority Voting protocol.

Everscale has powerful developer tools, such as compilers for Solidity and C++, SDK and API, client libraries ported to more than 20 languages and platforms, a range of decentralized browsers and wallets empowering many applications in DeFi, NFT, tokenization and governance domains. https://everscale.network/

Welcome to this edition of 101 article exploring one of the staking coins on Moonstake. This time, we’ll be looking at TRON Network and its native coin, Tronix (TRX).

A Brief Introduction to TRX and TRON Network
TRON is a market-leading blockchain well-known for its large and highly active community of users and developers from all over the world, dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain operating systems in the world, adopts an energy efficient dPoS consensus mechanism to provide high throughput, high scalability, and high availability for decentralized applications in the TRON ecosystem through collaboration with key business partners including global tech giant Samsung, Opera, Poloniex, Swisscom Blockchain, and many more. Currently, the TRON-based TRC20 protocol hosts the largest circulation of stablecoin globally with nearly 36 billion USDT. Its native coin Tronix (TRX) can be used by content consumers to pay creators for in-game assets, or use as currency in gaming or to reward creators directly for their entertainment content or to purchase additional access.

TRON network was founded in 2017 by Justin Sun. As one of the most influential KOLs in the blockchain industry, Justin is a serial entrepreneur and served as CEO of the world’s most popular P2P communication protocol, BitTorrent, from 2018 to 2021. He also founded one of China’s most popular voice streaming social Apps, Peiwo. Tron is also one of the fastest growing DeFi ecosystems on the market, boasting more than 56 million global user accounts and over 2 billion cumulative transactions.

TRON’s Technical Milestones and Why Moonstake Supports TRX?

• The TRON MainNet was publicly launched in June 2018 achieving independence from the Ethereum blockchain it was originally
•  In just a little over six months of its MainNet going live, TRON gained over 1 million registered users, boasting more transactions than Ethereum and more accounts than EOS, giving it a place in the list of 10 largest cryptocurrencies of 2018.
• TRON’s DApp ecosystem reached more than 80 Dapps in 60 days of the TRON Virtual Machine (TVM) launch.
• In March 2019, Tether announced a new TRON-based stablecoin, USDT TRC20.
• In October 2019, TRON officially partnered with Samsung to offer its DApps on the Samsung Galaxy Store and the TRON section on the Samsung app store was launched in April 2020.
•  In May 2020, BitTorrent File System (BTFS) went live, creating the world’s largest P2P storage network with 100 million user-controlled nodes and more than 1,000 TRON full nodes.
• In June 2021, Circle’s USDC stablecoin was made available on the TRON network.
• In September 2021, TRON joined a short list of leading crypto tokens (namely Bitcoin and Ether) with its successful listing of VanEck TRX ETP (VTRX) on the Deutsche Boerse, providing investor access in 14 EU markets.

Based on these significant milestones, we can see that TRX is a highly promising coin and further more, the Tron Network is a leading open-source blockchain project globally. This makes TRX an attractive and strategic addition to the lineup of PoS coins available on Moonstake, and Moonstake has been supporting TRX staking since October 2021 after forming an official partnership in June 2021.

How does TRX staking and unstaking work?
As with any PoS coin, you can stake your idle TRX assets to earn passive income. Staking with the TRON network is to participate in the network’s operations (validating blocks) by becoming a nominator who chooses the network’s validators.

Every account in TRON’s network can vote for the Super Representatives/Super Partners they support. Voting requires TRON Power (TP), which is determined by the users’ frozen balance. Freezing (staking) TRX tokens results in energy and bandwidth required to interact smoothly with the network as well as the increase in voting power of voting for Super Representatives/Super Partners.

To vote for a Super Representative/Super Partner, you will need to make sure that your TRX is frozen. This will create “Tron Power” and give you power to vote. This does not cost you TRX, it will only lock them for a period of 3 days. During these three days, your TRX cannot be traded or unstaked. Moonstake wallet combines the freeze/unfreeze action along with stake/unstake for your convenience so you do not need to perform the freeze/unfreeze action separately.

There’s virtually no minimum staking amount required, as the smallest amount you must stake is simply 1 TRX. TRON network also has no lock period when unstaking and practically zero transaction fees, making it a popular blockchain for many users.

How to get rewards for TRX staking
The annual reward (APY) is about 5.46%. You can claim your TRX rewards once every 24 hours directly from the TRON network via Moonstake Wallet.

How to stake TRX on Moonstake Wallet
Here’s a simple 3-step process to stake TRX with Moonstake Wallet:
1. Register your Moonstake Wallet via Web or mobile (iOS / Android)
2. Select TRX from the “Wallets” screen and click the “Add Asset” button.
3. Access the TRX screen to check your staking information. From the Staking tab, click the “Stake” button and enter your wallet password to complete staking.

Check out our full official manual on how to use TRX on Moonstake.
(https://drive.google.com/file/d/1I5XL2pG9XY9SrBeyLgE1svhm17SVfUuJ/view)

References:
https://coingape.com/justin-sun-tron-success-2018/
https://hyperblog.de/hoergen/2020/03/01/tron-milestones-in-2019
https://coingape.com/tron-a-year-of-new-milestones-and-achievements/
https://tronspark.com/tron-midyear/

About Moonstake
As a world-leading staking service provider, Moonstake develops and operates decentralized wallet services for enterprises and end users.

Our full-scale staking business started in August 2020. With the support of users all over the world, our total staking assets has risen to 1.8 billion dollars. In June 2021, we ranked third among 15,000 staking providers globally.

So far, we have expanded our business and ecosystem through about 30 strategic partnerships, including major blockchains such as Emurgo which is a constituent organization of Cardano, TRON, and NEO. In May 2021, we became a wholly owned subsidiary of the listed company “OIO Holdings Limited” on the Singapore Stock Exchange and we are working to further expand Moonstake’s business and improve our credibility. https://www.moonstake.io/