Everscale is excited to announce Moonstake, a leading staking pool. It will start supporting the Everscale blockchain crypto EVER on the 23rd of February 2022.
Everscale Japan has been looking for partnerships to broaden the Everscale ecosystem since it started in 2021. In the first phase of the partnership with Moonstake, Everscale Japan held a large event in August last year. It introduced EVER to the community. In the second phase of the collaboration, The Moonstake’s wallet will be compatible with EVER, and EVER will be obtainable for staking.
What is Staking?
Staking is a procedure that allows users to earn newly supplied crypto by depositing cryptocurrency. While there are many differences depending on the type of crypto, the typical profit on staking is around 5-10% per annum. As of February 2022, the total amount of crypto assets that are currently in circulation that has been staked amounts to about $236.8 billion.
Everscale’s staking allows users to acquire newly issued EVER by taking part in the blockchain approval process with the crypto EVER. At this present time, Everscale’s staking yields an annual interest rate of 5.43%.
Advantages of EVER and Moonstake
Since Moonstake offers a multi-currency wallet with support in staking, EVER users will be able to govern a variety of cryptocurrencies. It includes EVER, with a single wallet. It will be able to stake other cryptocurrencies from its Moonstake wallet. Therefore, reducing the time and effort it requires managing their own assets.
To honor Moonstake’s support for Everscale staking, Everscale Japan is hosting a giveaway campaign for EVER.
In fact, the first 2,000 people to open a Moonstake account through theMoonstake registration link will receive $10 worth of EVER tokens. The details of the event will be announced on Everscale’s Twitter.
More about Everscale
Everscale is a decentralized public blockchain with a high scalability. DApps developers has access to Solidity and C++ compilers, SDKs and APIs, and client libraries ported to more than 20 languages and platforms.
Everscale also has geographically specific Decentralized Autonomous Organizations (DAOs) all around the world. Additionally, Everscale Japan is a DAO that will expand the Everscale ecosystem.
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