[Blockchain Today Correspondent Jang Seo-yeon] The UzNEX cryptocurrency exchange established by Kobea Group, a domestic block chain specialist, announced on the 9th that it has signed a partnership with the global staking platform Moonstake.
With this MOU as an opportunity, the two companies will jointly promote blockchain research, education, and conferences as well as the development of blockchain community programs. In particular, it is known to provide blockchain consulting services including staking technology to financial institutions in Southeast Asia and the Middle East, starting with Central Asia.
Moonstake, which has been evaluated as a global staking platform, provides a safe investment environment for cryptocurrency investors, as well as PoS coins such as Cardano, Polkadot, Tezos, Cosmos, IRIS, Ontology, Harmony, Qtum, Quras, Centrality, Orbs, and IOST. We are building the largest staking pool in Asia. In particular, with staking assets exceeding $1 billion, individual and corporate investors from around the world participate in Moonstake’s ecosystem, and it is recognized as a top 10 global staking platform.
Uznex Cryptocurrency Exchange is the first and only government-approved cryptocurrency exchange in Central Asia operated by the Korean Kobea Group. It had an opening event at the International Blockchain Conference held in Tashkent in January 2020. Leading cryptocurrency companies from Japan and Singapore participated in the opening event and created a lot of buzz. This is a good indication that leading foreign cryptocurrency companies are sympathizing with and responding to the Uzbekistan government’s successive pro-cryptocurrency policies. What is remarkable is that the Uzbekistan National Project Management Agency (NAPM) directly manages the cryptocurrency market and cryptocurrency exchange in Uzbekistan, integrating cryptocurrency into the institutional system and managing it.
During the past year, as the cryptocurrency market suffered a recession due to the global spread of Corona 19, the Uzbekistan government showed faltering in pro-cryptocurrency policies, such as not allowing its citizens to trade cryptocurrency. On April 30th, NAPM announced a decree allowing its citizens to trade in cryptocurrency while maintaining stability in the cryptocurrency market.
In line with this, Kobea Group, a domestic block chain specialist, officially opened the UzNEX cryptocurrency exchange on June 1st, and undertook a major renewal to attract more users, including Moonstake’s world-class staking service. is known to have been promoted.
Cryptocurrency staking means fixing a certain amount of cryptocurrency as stake, and cryptocurrency holders can obtain a certain level of profit during the deposit period regardless of the fluctuations in the cryptocurrency price.
Mitsuru Tezuka, the founder of Moonstake in relation to this MOU, said, “Uzbekistan is a country that is active in regulation along with the development of digital asset services, such as taking swift measures in the adoption of cryptocurrency and distributed ledger technology. Based on this, Uznex cryptocurrency exchange operated by Kobea Group is the first and only Uzbekistan government-approved cryptocurrency exchange in Central Asia, and it is known that Uzbekistan is making great efforts to develop the digital economy. As a world leader in staking, Moonstake is pleased to be able to contribute to the development of cryptocurrency and staking in the region with Woodsnex.”
Chang-yong Lee, Chairman of Kobea Group, said, “Uzbekistan is a fast-growing country, accelerating digital economy reform, and is expected to lead the global digital economy with endless potential. By collaborating with Moonstake, a global leading staking platform, we will help Uzbekistan contribute to speeding up the development of the digital economy, including the cryptocurrency and staking sectors.”
It is reported that Moonstake founder Mitsuru Tezuka responded, “I am honored to have Moonstake participate in Uzbekistan’s digital economy development initiative and will create opportunities for cooperation with the Uznex cryptocurrency exchange in various ways.”
◇ Moonstake
Moonstake develops a staking protocol to keep pace with the growing demand for staking at home and abroad and provides B2B services. Moonstake is collaborating with Emurgo, Ontology, NEO, the world’s leading blockchain companies, and Binarystar, which is called Japan’s largest blockchain hub, with the goal of creating the largest staking network in Asia by creating an advantageous investment environment. It is also an affiliate of SGX: OIO). In addition, it is known that Lawrence Lim and Lisk of the industry famous RAMP DEFI are participating as advisors for Moonstake. Moonstake started its full-scale operation in August 2020 and currently has more than $1 billion in staking assets.
◇ UzNEX ( UzNEX )
Wooznex Cryptocurrency Exchange, operated by Kobea Group, a domestic block chain specialist, is the first digital asset trading platform licensed by a government agency in Uzbekistan. Even beginners in King can easily use the staking service.
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