Moonstake Partners with FIO

Published on: 15.02.2022

Moonstake announces its partnership with FIO Protocol, a leading blockchain protocol that aims to enable a better way of sending and receiving crypto.

Through this partnership, Moonstake will collaborate with the FIO development team to enable staking functionality for FIO tokens on our wallets as an official Block Producer for the FIO network.

Moonstake launched its staking business in 2020 with the aim to create the largest staking network in Asia. Moonstake’s total staking assets have grown rapidly to reach $1.8 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Currently, Moonstake supports staking of 14 high-demand PoS coins, 2 high-demand NFT standards ERC-721 and Cardano.

Meanwhile, FIO (short for Foundation for Interwallet Operability) was founded in 2020 and aims to enable easier, safer and more joyful crypto transactions on any type of token or coin. The FIO Protocol is designed to ensure the cryptocurrency user experience is uncomplicated and lays the foundation for cryptocurrency mass adoption.

Currently, FIO staking is live on their Mainnet, but the official Staking Activation is not until 22nd February, 2022. Moonstake aims to enable FIO staking prior to this activation date so that its users can enjoy the greatest amount of earning potential per token staked. With seasoned development teams and robust enterprise partnership networks across the globe, the collaboration between Moonstake and FIO Protocol promises to bring about a satisfactory staking experience for FIO holders on Moonstake Wallet.

About FIO Protocol

The Foundation for Interwallet Operability (FIO) is an industry consortium, consisting of leading wallets, exchanges, crypto payment processors, and various other entities and community members dedicated to the pursuit of blockchain usability through the FIO Protocol.