Moonstake Partners With TZ Ventures, Tezos Centric Blockchain Startup Combinator From South Korea Supported by the Tezos Foundation to Accelerate Industry Adoption of Staking Within Tezos’ Ecosystem
We are pleased to announce that Moonstake and Binarystar entered into a strategic partnership with TZ Ventures from South Korea accelerating industry adoption of staking within Tezos’s ecosystem.
Moonstake is an advanced technology company with specific focuses on blockchain and staking technologies to build Asia’s Biggest Staking Network. Moonstake was established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Signature products include Moonstake Web Wallet along with Moonstake Mobile Wallet (iOS / Android) enabling full staking functions and to be an all-in-one gateway for users to maximize the usage and potential of cryptocurrencies. Currently, Moonstake’s staking pool supports Cosmos, IRISnet, Ontology, Harmony, Cardano, QTUM and supports Tezos thereby providing current users with the flexible option to adopt Tezos for staking purposes.
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Moonstake users have the ability to use their Tezos Asset (XTZ) to earn rewards through its website based staking pool. With Tezos, the active community will be able to stake their coins on the Moonstake platform. Unlike other cryptocurrencies to stake, if you have more than 1 XTZ, you can get connected with a validator and are eligible to receive rewards. To perform staking with Moonstake, you need to create an account and stake at Moonstake Web Wallet. At this time, the transaction fee will be charged. Rewards are automatically handed out based on the tokens you have in your wallet. The entire quantity held in the wallet will continue to be staked. You are free to send and receive tokens in your wallet at any time, even while staking. There is no lockout period.
TZ Ventures incubates early stage blockchain startups based on Tezos. They provide support to projects building on Tezos and venturing into equity financing. They mainly incubate projects on Tezos and aim to build real business use cases of blockchain technology. They run a regular program that assists startups with office space, technical support, mentoring, marketing, partnerships, fund-raising and more.
Tezos is a technology for deploying a blockchain capable of modifying its own set of rules with minimal disruption to the network through an on-chain governance model. Unlike Bitcoin, Tezos does not rely on mining (Proof of Work), but instead utilizes a Proof-of-Stake based consensus model. At Tezos, all stakeholders can participate in managing the protocol. The selection cycle offers a formal and systematic procedure for stakeholders to agree on proposed protocol changes. By combining this in-chain mechanism with self-change, Tezos can change this initial selection process to adopt better management mechanisms as soon as it is realized. At Tezos, all stakeholders can participate in managing the protocol. The selection cycle offers a formal and systematic procedure for stakeholders to agree on proposed protocol changes. By combining this in-chain mechanism with self-change, Tezos can change this initial selection process to adopt better management mechanisms as soon as it is realized.
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Moonstake will work closely with Jaywon Lee, Director of TZ Ventures and Diego Olivier Fernandez Pons, Scientific Advisor of TZ Ventures.
Jaywon Lee, Director of TZ Ventures:
Jaywon is the Director for TZ Ventures which is a Tezos-centric incubator for start-ups seeking to use the Tezos blockchain protocol. TZ Ventures helps start-ups to achieve technical, business and organizational milestones during the intensive incubation program to prepare for the demo day. He is also a business school professor and…