Today, Moonstake announced the support of staking Quras‘s cryptocurrency XQC in Moonstake’s Web and Mobile Wallets. In April of last year, Moonstake announced a strategic partnership with QURAS, and two companies have been working together on the Moonstake’s development of all necessary functions as a node.
QURAS is a next generation blockchain that enables anonymous, privacy-protected transactions. After three years of conception and development, their mainnet was officially launched on 19th December 2020. It features the benefits of blockchain while ensuring a certain level of confidentiality by providing privacy technology.
There are two coins in QURAS: XQC and XQG, a gas token. Users can earn XQG approximately every 18 seconds by holding XQC. XQG is designed to decrease for every 2 million QURAS blockchain blocks generated, and more XQG is allocated to holders who support QURAS through their holding XQC from early phases.
So far, Moonstake has supported Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, and Polkadot for staking. All of these coins require staking steps in your wallet, but with XQC, you will be rewarded with XQG if you just hold QURAS in your Moonstake Wallet.
Here’s a simple 3-step process to stake XQC with Moonstake Wallet:
1. Register your mobile Moonstake wallet (https://wallet.moonstake.io) or download Moonstake Mobile Application
2. Add XQC and XQG with “Add New Asset”
3. Transfer XQC to Moonstake wallet
To receive XQG generated by holding XQC, please select XQC in the wallet and select “Claim GAS”. When you have finished receiving your XQG, your balance will be displayed in the XQG in your wallet.
Shigeki Kakutani, CEO & Founder at QURAS says: “We are very honored that QURAS has been selected as one of the coins for staking by Moonstake that only accepts staking of outstanding projects. Since our core philosophy is staking for the “Common Good” rather than purely for profit, we hope to grow with Moonstake and boost the staking industry together while expanding the future of public blockchain.”
Moonstake is looking forward to further cooperation with QURAS to increase its market presence and further enhance the staking of popular cryptocurrency coins to provide users with more choices.
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 Catalist-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 180 Million. https://www.moonstake.io/