Tag: Moonstake
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Moonstake to Establish Moonstake Gaming Guild (MSGG) to Enter GameFi Business
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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
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comMoonstake today announces the formation of the Moonstake Gaming Guild (MSGG) as the staking provider makes its full-scale entry into the GameFi market.
Moonstake Receives Grant from Astar & Shiden Builders Program
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Astar & Shiden Builders Program aim to leverage the experience and technology of these two Substrate-based networks to help mentor, guide, and eventually, scale DApp builders looking to join and grow on Astar and Shiden networks. Proposals to the grant are evaluated on the technical design of the project, the overall quality of the team and its community, and more. Moonstake is thrilled to join the Builders Program of Astar & Shiden as a world-leading staking provider that supports SDN staking and also Shiden DApp Staking natively.
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. Currently, Moonstake supports 14 high-demand staking coins, 2 high-demand NFT standards ERC-721 and Cardano. We are currently working with Muse Finance to enter the DeFi market, and have been strategic partners with Astar Network since February 2021 to expand the Polkadot ecosystem and explore further collaborative development opportunities in DeFi. All of Moonstake's efforts and outcomes have solidified Moonstake's position and reputation as a service provider for both end users and businesses, rightfully securing us a grant from the Astar & Shiden Builders Program.
Founder of Moonstake, Mitsuru Tezuka, comments: "Moonstake is very excited to have received this grant from the Astar & Shiden Builders Program. As a world-leading staking provider and amongst the world's first group of validators for Shiden Network, we hope to be able to bring even more value to our ecosystem users as well as the users of Shiden Network with the grant and support of the Astar and Shiden teams."
Moonstake is thrilled to help drive the growth of the Shiden ecosystem as a validator and deliver more value to global crypto user communities.
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/
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. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines like EVM and WASM. https://astar.network/
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comMoonstake is proud to announce we've successfully secured a grant from the Astar & Shiden Builders Program, designed to accelerate the growth of Astar and Shiden networks by supporting DApp builders to join and scale along with the platforms.
Moonstake Now Supports FIO Staking
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FIO staking activation is scheduled to take place on 22nd February 2022. Before this activation, each FIO token staked will begin accruing rewards at an early-access rate. Through this partnership, the Moonstake and FIO teams have worked together to bring you FIO staking feature before Staking Activation to start earning the early-access, proportional reward potential on Moonstake Wallet.
After Activation is achieved, and as more tokens are allocated to the Staking Rewards Pool moving forward, rewards accrued per FIO token staked will decrease over time. This means that, after Activation is achieved, those who still stake earlier will accrue greater proportional rewards than those who stake later.
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 $1.8 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, FIO (short for Foundation for Interwallet Operability) was founded in 2020 and aims to enable easier, safer and more joyful crypto transactions on any type of token or coin. The FIO Protocol is designed to ensure the cryptocurrency user experience is uncomplicated and lays the foundation for cryptocurrency mass adoption. Long complex addresses have been replaced with user-customized FIO Crypto Handles such as "user@fio" that enable decentralized sending, receiving and payment requests (invoices, order carts, etc.), as well as, cross-chain end-to-end encrypted metadata (the information for those invoices, order carts, etc.) that can work across all blockchains.
How to stake FIO on Moonstake Wallet
Here's a simple 3-step process to stake FIO with Moonstake Wallet:
- Register your Moonstake Wallet via Web or mobile (iOS/Android)
- Select FIO from the "Wallets" screen and click the "Add Asset" button.
- Access the FIO screen to check your staking information. From the Staking tab, click the "Stake" button, input the amount to stake, and enter your wallet password to complete.
How FIO staking works
Hold FIO, no minimum staking amount.
Agree to lock in and stake FIO
While your FIO tokens are being staked, they remain in your wallet while you earn staking rewards. The Staking method ensures that stakers of FIO Tokens will always earn a positive return - meaning they receive more FIO Tokens back when they unstake than the number they staked.
How to get rewards for FIO staking
Rewards are given in FIO tokens and users will have to claim rewards. Please note that if you unstake your tokens prior to staking activation on 22nd February 2022, you will not receive any rewards.
How FIO unstaking works
If token holders want to send an asset that is currently staked, they will need to unstake it first. Unstaked tokens are locked and are unspendable for a period of 7 days. After that, they can be transferred as normal.
Moonstake is proud to deliver on our promise of bringing great value to users worldwide not only through enabling FIO staking, but also by integrating the feature before FIO staking officially launches on Mainnet, allowing our users to enjoy the greatest amount of earning potential per token staked.
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 FIO Protocol
The Foundation for Interwallet Operability (FIO) is an industry consortium, consisting of leading wallets, exchanges, crypto payment processors, and various other entities and community members dedicated to the pursuit of blockchain usability through the FIO Protocol.
FIO's vision is to operate as a Decentralized Autonomous Consortia (DAC), guided by the community and blockchain ecosystem. We encourage everyone to participate in helping define the FIO Protocol and to provide feedback on how to improve blockchain usability. Our Foundation values Openness and Transparency, Diversity in Community, and Fairness. https://fioprotocol.io/
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comMoonstake is pleased to announce that our users can now earn interest from staking the FIO token of the FIO Protocol on our Web Wallet! Hold, send, receive, and stake FIO 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, and Shiden, FIO became the 15th staking coin available on Moonstake. Moonstake is now also one of the official Block Producers on FIO.
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