Moonsteak signs MOU to support the Polkadot (DOT) ecosystem

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Strategic Alliance with RockX

[Blockchain Today Reporter Han Ji-hye] On the 19th, Singapore-based cryptocurrency staking service Moonstake has signed a strategic alliance with Singapore-based RockX to support the Polkadot ecosystem. Revealed.

While currently operating the Polkadot node independently, LockX is focusing on the development of the Polkadot ecosystem by starting a five-year investment program of 20 million dollars (USD 20 million) in September last year. Moonsteak and LockX plan to accelerate the spread of the Polkadot blockchain industry through staking, starting with this partnership.

Moonstake, which started the staking business last year by establishing the largest staking network in Asia, provided a staking service by successively developing a web version wallet and a mobile wallet (iOS/Android). The total amount of staking assets reached 50 billion won in just two months after the service started in August of the same year, and from this point, it reached 100 billion won in December and 200 billion won in January this year, and is rapidly growing in a short period .

This month, Moonsteak started staking Polkadot (DOT) through a wallet. In addition to DOT, Moonsteak also offers Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, and Quras. It supports staking of 9 coins.

LockX is a complex service provider of cryptocurrency through the products of mining, staking and DeFi, and is a digital asset platform that enables risk-adjusted cryptocurrency investment. In September of last year, the company announced an investment program worth $20 million to strengthen the Polkadot ecosystem, and the adopted projects will be provided with DOT and technical support worth up to $500,000.

Polkadot is a next-generation blockchain protocol that connects other blockchains into one integrated network. It is also a project of’Web3 Foundation’, a global blockchain foundation founded by Ethereum co-founder and former CTO Dr. Gavin Wood.

Mitsuru Tezuka, founder of Moonsteak, said, “We are very pleased to partner with RockX, the world’s leading node operator in Polkadot. In the future, through our partnership with RockX, we will be opening a new page in the Asian staking industry together. “We have no doubts that we will be able to support the Polkadot ecosystem, which is rapidly growing after the POS transition.”

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