Extending further the convenience of staking, Moonstake Wallet has announced the support for the IOST Staking on its platform. It is important to note that IOST is the 12th coin that can be used on the Moonstake platform for staking purposes. Other significant names are already a part of the list: Cosmos, Ontology, Tezos, Harmony, Cardano, Polkadot, Qtum, Quras, Orbs, and Centrality.
The vision of the Moonstake is to become the largest staking platform in Asia. It got into the staking business last year, and since then, the platform has developed a very user-friendly interface for both web and mobile wallets. It supports more than 2000 cryptocurrencies. After the launch of its full-scale operation in August 2020 last year, the staking business of the platform has reached a business value of $1 billion. This figure makes the platform among the top 10 staking platforms operating across the globe.
As far as IOST is concerned, it is a blockchain network that functions at the enterprise level and is specifically designed to target service providers in the online space. It is based on the Proof of Believability (PoB) protocol, and its significance lies in the fact that it allows users to transact with blazing speed and provide high safety and security credentials. Moreover, there are zero gas fees associated with the network that further amplifies its appeal among target users.
In order to celebrate this partnership, there is a special campaign going on the Moonstake platform that allows users to create a free account for IOST staking. The campaign will run between May 24 and May 31, and if you are also willing to change your luck, avail of the offer before it runs out. In sum, this extension of staking capabilities is going to benefit both stakeholders while, on a broader scale, it’ll help the crypto and blockchain industry to grow at an enviable pace.