moonstake-teams-with-rockx-to-expand-polkadot-(dot)-staking

Moonstake teams with RockX to expand Polkadot (DOT) staking

Moonstake, a staking pool community, these days announced it has entered into a strategic partnership with Singapore-primarily based totally mostly RockX to augment the Polkadot ecosystem. RockX targets to develop the Polkadot ecosystem. It now not easiest runs its own Polkadot’s node, but in September, launched a USD 20 million 5-year investment program.

Founded final year, Moonstake’s mission is to manufacture the biggest staking community in Asia. Moonstake has developed both internet wallets and cell wallets (iOS/Android) providing staking services and products. After a full-scale operation launched in August 2020, Moonstake’s total staking belongings grew snappily to attain USD 50 million. By December, staking belongings grew to USD 100 million. At display, Moonstake has over USD 200 million in staked belongings.

In January of this year, Moonstake announced the toughen of staking Polkadot’s cryptocurrency in Moonstake’s Pockets. DOT is a top 5 cryptocurrency by market cap. After Cosmos, IRISnet, Ontology, Cohesion, Tezos, Cardano, and Qtum, DOT grew to turn out to be the ninth on hand coin on Moonstake Web Pockets.

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RockX is a digital belongings platform that supplies risk-adjusted crypto investment for the heaps and permits customers to compound their crypto holdings through mining, staking, and other DeFi products. Lately, RockX announced that they launched a USD 20 million investment program for the Polkadot ecosystem. The funding, capped at a maximum of USD 500,000 value of DOT tokens per project, would possibly be equipped alongside technical toughen.

Polkadot is a next-expertise blockchain protocol connecting just a few specialised blockchains into one unified community. Polkadot is the flagship project of Web3 Foundation, the field’s main blockchain foundation founded by Ethereum co-founder and ragged CTO Dr. Gavin Wooden. Besides to Dr. Wooden, other key participants embody Dr. Aeron Buchanan, ragged Head of European Operations at Ethereum, and Reto Trinkler, co-founder of Melonport.

As of January 2021, 63% of the complete present or $6 billion of DOTs were staked since Polkadot’s mainnet launched in Would possibly possibly 2020. The value of DOT, the native token of Polkadot, and a inappropriate-chain protocol for data and asset interoperability has risen bigger than 40% in December 2020 after two self belief votes by Binance, the biggest crypto swap by keep of residing buying and selling quantity and placing it at ranking 5 cryptocurrencies by the market cap.

“We’re very chuffed to companion with RockX, one in all Polkadot’s world’s main node operators. Transferring ahead, we assume our partnership with RockX will permit us to set a brand unique internet page within the Asian staking industry. And we are confident that we are in a position to enhance the ever-rising Polkadot ecosystem together. Welcome RockX to our staking partnership family.”


– Mitsuru Tezuka, Founder at Moonstake

Dr. Alex Lam

The partnership additionally involves the appointment of RockX’s CEO Alex Lam as an actually helpful consultant to Moonstake.

“We’re chuffed to be partnering with Moonstake who is like a flash turning into a world leader in staking technologies. Moonstake and RockX will proceed to push the boundaries together to toughen secure correct of entry to to blockchain services and products and level of curiosity extra on the growth of our Polkadot ecosystem.”


– Alex Lam, CEO & Founder at RockX

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