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Moonstake Now Supports FIO Staking
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FIO staking activation is scheduled to take place on 22nd February 2022. Before this activation, each FIO token staked will begin accruing rewards at an early-access rate. Through this partnership, the Moonstake and FIO teams have worked together to bring you FIO staking feature before Staking Activation to start earning the early-access, proportional reward potential on Moonstake Wallet.
After Activation is achieved, and as more tokens are allocated to the Staking Rewards Pool moving forward, rewards accrued per FIO token staked will decrease over time. This means that, after Activation is achieved, those who still stake earlier will accrue greater proportional rewards than those who stake later.
Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, we have 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 $1.8 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Since March this year, Moonstake has also entered DeFi together with the newly launched DeFi platform, Muse.Finance, who has begun releasing its core DeFi products which are all scheduled to be integrated into Moonstake platform to enable advanced DeFi connectivity for our global users.
Meanwhile, FIO (short for Foundation for Interwallet Operability) was founded in 2020 and aims to enable easier, safer and more joyful crypto transactions on any type of token or coin. The FIO Protocol is designed to ensure the cryptocurrency user experience is uncomplicated and lays the foundation for cryptocurrency mass adoption. Long complex addresses have been replaced with user-customized FIO Crypto Handles such as "user@fio" that enable decentralized sending, receiving and payment requests (invoices, order carts, etc.), as well as, cross-chain end-to-end encrypted metadata (the information for those invoices, order carts, etc.) that can work across all blockchains.
How to stake FIO on Moonstake Wallet
Here's a simple 3-step process to stake FIO with Moonstake Wallet:
- Register your Moonstake Wallet via Web or mobile (iOS/Android)
- Select FIO from the "Wallets" screen and click the "Add Asset" button.
- Access the FIO screen to check your staking information. From the Staking tab, click the "Stake" button, input the amount to stake, and enter your wallet password to complete.
How FIO staking works
Hold FIO, no minimum staking amount.
Agree to lock in and stake FIO
While your FIO tokens are being staked, they remain in your wallet while you earn staking rewards. The Staking method ensures that stakers of FIO Tokens will always earn a positive return - meaning they receive more FIO Tokens back when they unstake than the number they staked.
How to get rewards for FIO staking
Rewards are given in FIO tokens and users will have to claim rewards. Please note that if you unstake your tokens prior to staking activation on 22nd February 2022, you will not receive any rewards.
How FIO unstaking works
If token holders want to send an asset that is currently staked, they will need to unstake it first. Unstaked tokens are locked and are unspendable for a period of 7 days. After that, they can be transferred as normal.
Moonstake is proud to deliver on our promise of bringing great value to users worldwide not only through enabling FIO staking, but also by integrating the feature before FIO staking officially launches on Mainnet, allowing our users to enjoy the greatest amount of earning potential per token staked.
About Moonstake
Moonstake is the world's leading staking service provider that develops and operates decentralized wallet services for businesses and individuals.
Since its launch in April 2020, Moonstake has partnered with 27 leading platform providers, including Cardano's constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange.
Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools. https://www.moonstake.io/
About Moonstake's staking business
For the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 12 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year.
About FIO Protocol
The Foundation for Interwallet Operability (FIO) is an industry consortium, consisting of leading wallets, exchanges, crypto payment processors, and various other entities and community members dedicated to the pursuit of blockchain usability through the FIO Protocol.
FIO's vision is to operate as a Decentralized Autonomous Consortia (DAC), guided by the community and blockchain ecosystem. We encourage everyone to participate in helping define the FIO Protocol and to provide feedback on how to improve blockchain usability. Our Foundation values Openness and Transparency, Diversity in Community, and Fairness. https://fioprotocol.io/
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comMoonstake is pleased to announce that our users can now earn interest from staking the FIO token of the FIO Protocol on our Web Wallet! Hold, send, receive, and stake FIO to receive rewards with the best user experience through one single click. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, and Shiden, FIO became the 15th staking coin available on Moonstake. Moonstake is now also one of the official Block Producers on FIO.
Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills
The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18. Media reports have revealed that Bank of Russia has been working on alternative bills. Russian Ministry of Finance to Open Consultations on New…
The post Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills appeared first on Bitcoin News Miner.
Deloitte fully supports HKSAR government’s fight against COVID-19, donating 100,000 rapid testing kits to aid community response
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The Foundation has so far procured over 100,000 COVID-19 rapid testing kits, together with facemasks, hand sanitizers, and disinfection wipes. We are distributing these supplies to frontline workers including the police force, medical workers and the most vulnerable in society directly and through various charities in Hong Kong.
"As part of the Hong Kong SAR community, we must join forces with the government to work hand in hand to combat this pandemic. We will spare no effort to do what matters most for society during these critical times by leveraging all power and resources, to support the HKSAR government to secure the health and security of all Hong Kong people," says Deloitte China CEO Patrick Tsang.
Deloitte China Chairman and Secretary-General of Deloitte Foundation (Hong Kong) Dennis Chow says, "Frontline workers, especially the police force and the medical workers, are carrying out their duties every day under severe conditions. The whole business community is thankful for everything they are doing during this fifth wave, which is putting the healthcare system in Hong Kong under severe pressure. It's only right that we show our appreciation for their efforts and do whatever we can to help Hong Kong through this challenging time."
"During these critical and challenging times, Deloitte China and the Deloitte Foundation are committed to supporting frontline workers, the most vulnerable, and underprivileged groups in society," adds Deloitte China Southern Region Managing Partner Edward Au. "We have been able to leverage our network of suppliers and regional procurement teams across China to do what we can to ensure Hong Kong has what it needs to fight back against the fifth wave."
All of us at Deloitte China express our deep gratitude for the dedicated work of frontline workers at this challenging time.
About the Deloitte Foundation
The Deloitte Foundation was established in Chongqing and Hong Kong in June 2015 to centralize the management of charitable donations and support Deloitte's corporate responsibility programs.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms, and their related entities (collectively, the "Deloitte organization"). DTTL (also referred to as "Deloitte Global") and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.
Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the "Deloitte organization") serves four out of five Fortune Global 500 companies. Learn how Deloitte's approximately 345,000 people make an impact that matters at www.deloitte.com.
Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.
The Deloitte brand entered the China market in 1917 with the opening of an office in Shanghai. Today, Deloitte China delivers a comprehensive range of audit & assurance, consulting, financial advisory, risk advisory and tax services to local, multinational and growth enterprise clients in China. Deloitte China has also made - and continues to make - substantial contributions to the development of China's accounting standards, taxation system and professional expertise. Deloitte China is a locally incorporated professional services organization, owned by its partners in China. To learn more about how Deloitte makes an Impact that Matters in China, please connect with our social media platforms at www2.deloitte.com/cn/en/social-media.
This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms or their related entities (collectively, the "Deloitte organization") is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.
No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.
2022. For information, contact Deloitte China.
Contact: Ashley Leung
Tel: +852 2109 5261
Email: [email protected]
Contact: Lyanna Chan
Tel: +852 2238 7111
Email: [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comWith Hong Kong facing an onslaught from the fifth wave of the pandemic, the Deloitte Foundation today launches a program to donate much-needed anti-epidemic supplies to support frontline workers, low-income families, under-privileged children, and the elderly.
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