Moonstake, the Cayman Islands-based crypto staking wallet is officially supporting TRX staking and making them the 13th available staking coin on the Moonstake platform.
Users will be able to stake TRX in order to earn rewards on both Moonstake web and mobile wallet.
We’re now a Super Partner of #TRON! Starting today, users can stake $TRX to earn rewards on Moonstake Web and mobile wallets!
The integration is made possible through strategic partnership with @Tronfoundation. Read up on our collaboration here:https://t.co/oEgkBFyuHO pic.twitter.com/VfH4OvszcY
— Moonstake (@moonstake) October 6, 2021
TRON and Moonstake team have been involved with this project since June 2021 which marks the start of their strategic partnership and this lead to the staking of TRX coin, TRON’s native token on both Moonstake’s web and mobile wallet.
Recently, Moonstake hosted a special pre-launch campaign for TRX staking with over 22,000 TRX in total rewards via a lucky draw for 50 winners.
What is Moonstake Wallet?
Moonstake is a world-leading staking service provider, their platform develops and operates decentralized wallet services for enterprises and end-users.
We’re proud to announce our strategic partnership with @Tronfoundation to enable $TRX staking for users and explore collaboration opportunities in #DeFi! Together, we’ll focus on community building to promote adoption of TRON and Moonstake ecosystems.https://t.co/nXXvXYM68z pic.twitter.com/jmgay7gUfT
— Moonstake (@moonstake) June 25, 2021
The staking wallet provider aims to be the largest staking pool network in Asia by providing an active environment for crypto-asset holders.
Moonstake provides its users with convenient ways to manage, track and stake crypto assets on the mobile wallet app and web wallet.
Currently, its staking wallet supports over 2000 coins and tokens such as Cardano, Tezos, Cosmos, Ontology, QTUM, Harmony, Polkadot, Orbs, and many more.
What is TRON?
TRON is a blockchain-based decentralized platform that was founded by Justin Sun. TRON aims to create a free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content.
TRON is dedicated to building the infrastructure for a truly decentralized Internet and they have added blockchain support to different fields such as DeFi, NFT, and GameFi.
Recently, TRON had been showing impressive growth its TRC20-based token and they have successfully listed the VanEck TRX ETP (VTRX) on the Deutsche Boerse, which allows investor access in 14 EU markets.
#TRON Weekly Report👇
✅TRON blockchain height exceeded 34.15 million.
✅The total number of accounts on TRON reached 55,531,038.
✅The total number of transactions on TRON reached 2.46 billion.
✅The TVL on TRON reached $10.5 billion.https://t.co/4gTiPhzpBP
— TRON Foundation (@Tronfoundation) October 6, 2021
The collaboration between TRON and Moonstake would create endless opportunities in the field of DeFi and would bring the best top-notch technology and innovation for both of their platforms and communities.
For more news and updates, see Tron Spark.