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SINGAPORE, Mar 9, 2022 – (ACN Newswire) – Moonstake is proud to announce we’ve successfully secured a grant from the Astar & Shiden Builders Program, designed to accelerate the growth of Astar and Shiden networks by supporting DApp builders to join and scale along with the platforms. With this program, Shiden Network encourages developers to deploy dApp Staking Contracts on Shiden for the purpose of researching to develop a mechanism pool for SDN users so that developers can set up crowd-funded validators. Additionally, Shiden users will be able to lock their SDN for a fixed period of time and they will receive SDN as well as rewards after the fixed term has matured.
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Astar & Shiden Builders Program aim to leverage the experience and technology of these two Substrate-based networks to help mentor, guide, and eventually, scale DApp builders looking to join and grow on Astar and Shiden networks. Proposals to the grant are evaluated on the technical design of the project, the overall quality of the team and its community, and more. Moonstake is thrilled to join the Builders Program of Astar & Shiden as a world-leading staking provider that supports SDN staking and also Shiden DApp Staking natively.
Moonstake launched its staking business in 2020 with the aim to create the largest staking network in Asia. Since then, it has developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake’s total staking assets have grown rapidly to reach $1.5 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Currently, Moonstake supports 14 high-demand staking coins, 2 high-demand NFT standards ERC-721 and Cardano. We are currently working with Muse Finance to enter the DeFi market, and have been strategic partners with Astar Network since February 2021 to expand the Polkadot ecosystem and explore further collaborative development…
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