QURAS Partners With Moonstake

QURAS team is pleased to announce that it has entered into a partnership with the staking pool Moonstake.

Staking provides an opportunity to participate in the ecosystem through blockchain transaction approval work and can be expected to attract more active users to the staking pool.

At QURAS, we’ve been exploring which staking pool to partner with initially as the main net goes live, and the Moonstake team, with an experienced team, was exactly the kind of partnership we were looking for.

Alex Hui, the Director of Moonstake, had the following to share with us:

Moonstake is delighted to welcome QURAS to the Moonstake family. Our accelerated growth and client development is evidence of a strong staking market. We aim to be a part of the leaders in the expansion of this industry.

With this partnership, Moonstake will join the QURAS ecosystem through the operation of QURAS’s blockchain nodes.

Users holding QURAS coins (XQC) will be able to earn QURAS GAS (XQG) without the need for staking knowledge by depositing their XQC in the Moonstake’s pool.

Moonstake also has a partnership with BINARY STAR, the largest blockchain business hub in Japan, and QURAS will work with the two companies to further expand the community.

About Moonstake

Moonstake Pte Limited is a Singapore-based technology company specializing in blockchain and staking technology.

It was founded by a group of highly respected blockchain authorities, including CTIA’s founders and executives from some of the world’s best-known projects.

They offer a variety of staking products for both B2B and B2C customers and have partnerships with key players in Singapore, Vietnam, and Japan.

Moonstake website: https://www.moonstake.io/

Glossary: Staking Pool

The Staking Pool aims to increase the likelihood of earning Proof of Stake (PoS) rewards by soliciting deposits of the cryptocurrency from digital currency holders. Ultimately, rewards will be distributed to those who deposit cryptocurrency based on their contribution to the staking pool.

In general, staking requires a dedicated server, and the knowledge to set it up.

Holders (or should we say — hodlers) of digital currencies can participate in staking without needing the dedicated servers by using a staking pool. They also have the advantage of being able to participate in staking even if they don’t hold the minimum quantity of cryptocurrency required for staking individually.