Home Cryptocurrency News Moonstake Partners with Ontology to Push Staking Growth

Moonstake Partners with Ontology to Push Staking Growth

Moonstake Pte Ltd. is collaborating with Ontology, which is a high-performance public blockchain and distributed collaboration platform headquartered in Singapore. 

Moonstake primarily aims to develop a staking pool protocol to fulfill the increasing demands in the regional and global blockchain markets. Moonstake develops a staking pool protocol and delivers business services via partners and companies. Staking is preferred to promote blockchain technology and work for decentralization. 

The Chief Strategic Officer of Moonstake, Chia Hock Lai, stated, 

Moonstake will start staking Ontology’s “ONT” coin inside its staking pool. Through this partnership, we will collaborate with Ontology in the technology infrastructure and public relations.

He further said that Binarystar, who has already partnered with Moonstake, will also be providing marketing support for this partnership and both the companies by organizing events and providing local community development. 

Moonstake aims to work with Ontology to prepare activities to work with the Asian investor community to encourage the community to direct staking activity and accelerate industry adoption of Proof of Stake.

The Co-Founder of Ontology stated, 

As Japan is one of the important countries for Ontology, we’ve set our local office here with the support of Binarystar — Japan’s biggest Blockchain Business Hub in Tokyo. It also formed a strategic partnership with GUMI to build the decentralized blockchain network from a combination of industry-specific modules, in addition to identity authentication, data exchange, and sharing. We believe with the collaboration of Moonstake, we will attract more local stakers to delegate their “ONT” to Moonstake platform and create a more prosperous ecosystem together.

On the lines of the partnership deal, the CEO of Binarystar Junya Yamamoto stated that the company is excited about this partnership where the skills and resources of the company are combined together to inculcate cooperation that would apparently now have been possible in the staking space. Binarystar offers advantages such as technical infrastructure expertise, geographic markets, marketing know-how and a pool of potential clients.

Robert Hill
Robert Hill
Robert a Crypto writer and an expert in delivering content with both informative and entertaining approaches. He has 4 years of experience working as a crypto writer with our team. You can interact with him by email: robert@forexnews.world.

Must Read

Export Retention Standardized for All Sectors by RBZ

The Reserve Bank of Zimbabwe announced on August 21 that it had set the threshold for foreign currency retention at 70% for all exporters....

Bitmax confirms that COTI is available for Fiat purchase

COTI is the 1st blockchain protocol in the world that has been optimized for decentralized payments. It has been specifically designed to be used...

Fiscal Stimulus of $306 Billion to Revive the Power Distribution Sector of India

The Covid-19 pandemic has brought the power distribution companies (DISCOMS) in India to their knees. They are currently facing massive cash flow problems and...

Dollar Moves Higher Due to Positive Sentiments in the Currency Markets

The dollar moved higher today, snapping a seven week-long losing streak. It was supported by stronger jobs data and global currency market demand for...

No Consensus by Lawmakers on U.S Fiscal Package—Dollar Takes A Hit

As U.S lawmakers, the Republicans and the Democrats fail to reach a consensus on the way forward for an economic stimulus package, the dollar...