Moonstake Receives Astar & Shiden Builders Program Grant, Business News

SINGAPORE, March 9, 2022 — (ACN Newswire) — Moonstake is proud to announce that we have successfully been awarded a grant from the Astar & Shiden Builders Program, designed to accelerate the growth of the Astar and Shiden networks by helping DApp builders join and to evolve with the platforms. With this program, Shiden Network encourages developers to deploy dApp staking contracts on Shiden with the aim of researching the development of a pool of mechanisms for SDN users so that developers can set up crowd-funded validators. Additionally, Shiden users will be able to lock their SDN for a fixed period of time and they will receive SDN as well as rewards after the fixed period expires.

The Astar & Shiden Builders program aims to leverage the experience and technology of these two substrate-based networks to help mentor, guide and eventually scale DApp builders who wish to join and grow on the Astar and Shiden networks. Sheden. Grant proposals are evaluated on the technical design of the project, the overall quality of the team and its community, and more. Moonstake is delighted to join the Astar & Shiden Builders program 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 of creating 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 large-scale operation launched in August 2020, Moonstake’s total staking assets grew rapidly to $1.5 billion, enabling Moonstake to become one of the top 10 staking providers in the world. 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 other collaborative development opportunities in DeFi. All of Moonstake’s efforts and results have cemented Moonstake’s position and reputation as a service provider for end users and businesses, rightfully securing us a grant from the Astar & Shiden Builders program.

Moonstake Founder Mitsuru Tezuka comments, “Moonstake is very happy to have received this grant from the Astar & Shiden Builders program. able to bring even more value to users in our ecosystem as well as Shiden Network users with the grant and support of the Astar and Shiden teams.”

Moonstake is excited to help grow 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 launching in April 2020, Moonstake has partnered with 28 major platform providers, including Cardano constituent Emurgo, Polkadot-connected blockchain developer 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 Singapore Stock Exchange listed company.

By using blockchain technology, Moonstake aims to move towards a world where everyone can easily use highly secure and reliable digital asset management tools.

About Moonstake Staking Activity

For the staking industry, which grew into a $630 billion market in September 2021, Moonstake provides a decentralized staking service that does not require user deposits and supports nodes worldwide in addition to its own validation nodes. Moonstake currently supports staking of 16 blockchains. With total staking assets of $1.8 billion and a global user base, the company ranked third out of more than 10,000 vendors globally in June of the same year.

About Shiden

Building the first 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 such as DeFi, NFT, etc.

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.

Copyright 2022 ACN Newswire. All rights reserved.

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