(2)
SINGAPORE, Feb 1, 2021 - (ACN Newswire) - Moonstake has entered into a strategic partnership with Stake Technologies, which develops the Plasma Network, the world's first successful connection to Polkadot's testnet parachain.
Through this partnership, Moonstake and Stake Technologies will work together to expand the Polkadot ecosystem. Also, both pirates will proactively discuss potential implementation of the staking of Plasm Network Token, PLM, onto Moonstake's staking platform and possibility of collaboration in the DeFi space.
Moonstake started in the staking business last year with the aim to create the largest staking network in Asia. Since then, Moonstake has developed the most user-friendly wallets for both Web Wallet and Mobile Wallet (iOS/Android) that are compatible with over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach USD 200 Million in staked assets in 6 months. Within a year of its founding, Moonstake was ranked in the top 20 of the world's 1,692 staking service providers and it continues to expand.