Moonstake Partners With PL^Gnet To Bring Innovative DeFi Services To Users Globally

SINGAPORE, May 28, 2021 – (ACN Newswire) – Moonstake is
pleased to announce we are now partners with PL^Gnet and a
proud member of the PL^Gnet Partner Alliance. Through this
partnership, Moonstake can expand access to DeFi services,
exchanges, and custodians participating in the PL^Gnet
partner ecosystem for its users.

Moonstake launched
its staking business in 2020 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 Billion, allowing Moonstake to become
one of the top 10 staking providers globally. Currently,
Moonstake supports 12 high-demand staking coins: Cosmos,
IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot,
Quras, Centrality, Orbs, and IOST.

Meanwhile, PL^Gnet
is an advanced multi-chain synthetic assets protocol,
designed to enable asset custodians to leverage any asset
from any network in its synthetic form as well as innovative
DeFi services. It provides the benefits of transparency,
composability, and interoperability crucial to DeFi in a way
that allows improved regulatory compliance. The protocol
helps asset custodians to put their “at rest” assets to work
for their clients in a safe space.

PL^Gnet currently
has more than 10 initial partners, more than 1,000 assets
and more than $10 billion in trading volume daily between
members. Global cryptocurrency exchanges such as MXC and
BKEX have already announced in the PL^Gnet ecosystem, in
which collaboration with various more partners also
expected. With the PL^G token, anyone can take part in the
governance of the PL^Gnet network and access a wide range of
Exchanges, Custody Providers, Asset managers and Staking
Farms. The groundbreaking protocol allows users to hold
their asset with their existing provider and use that asset
inside of a DeFi environment on PL^Gnet, as well as
cross-chain interaction from any asset listed with a
provider that is connected to PL^Gnet.

Mitsuru Tezuka,
Founder at Moonstake says: “We’re pleased to partner with
PL^Gnet, the breakthrough Proof-of-Stake protocol that
enables anyone to access a wealth of valuable DeFi services
on the market. As a member of the PL^Gnet Partner Alliance,
Moonstake is also proud to provide users of the PL^Gnet
ecosystem access to our world-leading staking services for
the market’s most demanded staking coins. With the expansion
of our ecosystem through the DeFi platform Muse.Finance,
Moonstake is poised to be a valuable addition to the already
robust Partner Alliance of PL^Gnet, which will in return
open up even more exciting opportunities for our own users.
Right now, DeFi users make up only 5% of the total
population of crypto users, and our partnership, which is
focused on creating high liquidity, will boost this number
to new heights!”


Jerry Yuan, CEO at PL^Gnet says:
“PL^Gnet is excited to welcome Moonstake, one of the world’s
top 10 largest staking providers with user-friendly, secure,
and highly powerful staking wallets, into our Partner
Alliance. We are always looking to enrich our ecosystem with
reputable, high-value projects and boost liquidity, and so
far, we are very much impressed with the market position
Moonstake has achieved in just one year since launch, as
well as the striking development they have made with
Muse.Finance to expand the value of their ecosystem.
Together, we hope to bring valuable blockchain financial
services to global users and help them maximize the
potential of their digital asset investments.”

Here is
a video interview of Moonstake’s Senior Advisor, Shogo
Ishida, and PL^Gnet’s CEO, Jerry Yuan, on the partnership
and what it means to each project:

https://www.youtube.com/watch?v=YVbbO5IdAIY

About
Moonstake

Moonstake was recently established to
develop a staking pool protocol to satisfy increasing
demands in regional and global blockchain markets. Moonstake
develops a staking pool protocol and provides business
services through partners and companies.

Moonstake
aims to be the largest staking pool network in Asia by
providing an active environment for crypto asset holders.
Establishing a clear partnership roadmap with Moonstake
represents another significant milestone for continuing to
strengthen ties with leading platforms across Asia’s
burgeoning Distributed Ledger Technology (DLT) ecosystem.
Partnership has been announced with Emurgo, Ontology and NEO
to boost staking adoption, Binarystar, Japan’s biggest
blockchain hub, OIO Holdings Limited (SGX: OIO), a
Singapore-listed company. Industry’s reputed advisors, such
as Lisk and Lawrence Lim of RAMP DEFI support Moonstake’s
innovative journey.

With a full-scale operation
launched in August 2020, we expanded our business and as of
now, our total staking assets exceeded over USD 1
billion.

https://www.moonstake.io/

About
PL^Gnet

PL^Gnet is an advanced multi-chain synthetic
assets protocol, designed to enable asset custodians to
leverage any asset from any network in its synthetic form as
well as innovative DeFi services. It is a public PoS network
that allows anyone with the PL^G token to take part in
decentralized governance of the network and get connected to
a range of partnered Exchanges, Custody Providers, Asset
managers and Staking Farms in the PL^Gnet Partner
Alliance.

https://plugdefi.io/

© Scoop Media