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Moonstake Now Supports Staking of Avalanche (AVAX)

2023-02-02

SINGAPORE, Feb 2, 2023 - (ACN Newswire via SEAPRWire.com) - Moonstake is pleased to announce that our users can now earn interest from the staking coin AVAX of Avalanche network. Hold, send, receive, and stake AVAX to receive rewards with the best user experience through one single click. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs (on Ethereum and Polygon), IOST, TRON, Shiden, FIO, EVER, ROSE, and SOL, the popular coin AVAX has become the 19th staking coin available on Moonstake.This accomplishment is made possible through technical integration between Moonstake and our strategic partner, RockX, whom we have also worked with to enable DOT and SOL staking for users! RockX is a top-13 digital asset platform and leading node operator for popular blockchains like Polkadot, Solana, and Avalanche.Moonstake started the 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. Today, Moonstake is a recognized top 10 staking provider in the world and a Verified Provider of the VPP family of the leading staking data aggregator, Staking Rewards.Meanwhile, Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is a EVM compatible decentralized smart contracts platform built for the scale of global finance, supporting 4,500 TPS (transactions per second) output. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box. For its consensus algorithm, Avalanche operates its own protocol called Snow that uses Proof-of-Stake (PoS) as the foundation. It uses three separate chains: X (transactions), P (staking and validator activities), and C (smart contracts, DApps) to run the network. Thanks to its robust technical architecture and DeFi ecosystem, Avalanche has become one of the most popular blockchains for DApp developers. Learn more about Avalanche in our AVAX 101 article here ( https://moonstake.io/what-is-avax-staking/ ). Here's a simple 4-step process to stake AVAX on Moonstake Wallet:1. Register your Moonstake Wallet via Web or mobile (iOS / Android)2. Select AVAX from the "Wallets" screen and click the "Add Asset" button3. Access the AVAX screen to check your staking information and validator. From the Staking tab, click the "Stake" button and enter your staking amount (must be more than 25 AVAX).4. Enter your wallet password to complete staking.How AVAX Staking WorksYou will have to transfer your AVAX onto P-Chain to start staking. When you hold assets in a P address, you make them illiquid. You will not be able to freely move your assets into your X address, and you cannot transfer them to another P address. To move assets from one P address to another, you have to send them back to your X address and then send them to another P address. Users must have 25 AVAX to delegate/stake in the wallet, the minimum amount of time one can stake funds for validation is 2 weeks for a lock-up period. The delegation fee set by validators is the portion of the rewards that are paid to the validators. The minimum delegation fee is 2%. However, there is no slashing on Avalanche, staked tokens are never at risk of loss due to poor validator performance.When a validator is done validating the Primary Network, it receives back the AVAX tokens it staked. The validators will also vote on whether the leaving node should receive a staking reward for helping to secure the network. A validator will only receive a staking reward if they are online and response for more than 80% of their validation period, as measured by a majority of validators, weighted by stake.When a node leaves the validator set, the validators vote on whether the leaving node should receive a staking reward or not.How To Get Rewards for AVAX Staking and How Unstaking WorksAVAX rewards earned from staking are handled on the protocol level, and rewards will automatically be transferred to you once they are earned. AVAX tokens must be staked for a minimum of 2 weeks and a maximum of 1 year, and the staking rewards (as well as the staked tokens) will be received by the user after the staking period ends.Follow us on Twitter( https://twitter.com/moonstake ) and Telegram ( https://t.me/Moonstake_wallet ) for the latest updates on Moonstake news.About MoonstakeMoonstake 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 businessFor 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 18 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 AvalancheAvalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition on Avalanche. https://avax.network About RockX RockX is the smartest platform to participate in the growing digital asset economy by enabling anyone to capitalize on the emerging global asset class of digital assets and cryptocurrencies for the best risk-adjusted returns. RockX is a comprehensive digital asset platform where mainstream users can participate in the blockchain economy at a suitable risk-reward profile. RockX is the first of its kind in the market where users can diversify and be exposed to different digital assets in one simple interface. https://www.rockx.com/ Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)

The Toyota Mobility Foundation Accepts Applications for the Make a Move Project, a Contest of Ideas to Build an Ever-Better Mobility Society

2022-07-19

TOKYO, Jul 19, 2022 - (JCN Newswire via SEAPRWire.com) - The Toyota Mobility Foundation (TMF) has launched the Make a Move Project, an idea contest aimed at both drawing on the vision and know-how of various people to realize an ever-better mobility society, and establishing social implementations of their ideas and solutions. The contest opens to applications today.Under the theme of Fun & Safety--Safely Experience Peak Excitement, ideas and solutions that draw on the know-how of motor sports to achieve traffic safety and regional revitalization will be accepted from July 19 to August 1. The Ebisu Circuit (Nihonmatsu City, Fukushima Prefecture) is planned as the venue for the idea assessment to project implementation phases. That circuit features many courses carefully designed to enhance the driving skills of a broad range of drivers. At the same time, Fukushima is known as the Mecca of extreme sports, and offers opportunities to pursue initiatives linked to distinctive local tourist attractions such as an air racing facility for aircraft speed competitions. We are aiming for entire novel ideas that make use of such facilities.After the submission deadline, applications and solutions that pass document screening will be invited to Ebisu Circuit on August 24 and 25 to participate in idea refinement meetings intended to root ideas and solutions in local communities. The meetings will take place with mentors who have extensive experience in achieving rapid commercialization. Following that process, the top teams in the final selection that will take place sometime around October will receive a project grant of up to 50 million yen (up to a maximum total grant amount of 200 million yen).From July 19 to August 18, we will also accept submissions initiatives aimed at saving the Earth from the crisis brought about by factors such as climate change from high school and university students who are passionate about tackling that challenge under the theme of Good Life on Earth--Coexistence for All Life on Our Planet.This program is co-sponsored by TMF, the One Earth Guardians Educational Program of the University of Tokyo Graduate School of Agricultural and Life Sciences, and HLAB. Selected applicants will receive advice from leading researchers, have opportunities to network with other people of their generation who share the same ambition, and also receive the grants necessary for the social implementation of their ideas and solutions. In the context of running this program, a University of Tokyo research administrators (URAs) will act as a liaison between applicants, the university, and communities. The URAs will help applicants refine their ideas during the present fiscal years and provide assistance with R&D as well as prototyping over the course of fiscal 2023. We hope that this program will lead to the birth of a community consisting of young leaders of tomorrow who continuously pursue creative solutions to global issues. We also expect the program to help broaden opportunities for the URAs promoting industry--academia cooperation to shine.For more information, visit https://global.toyota/en/newsroom/corporate/37577470.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)