Moonstake is now the official Super Partner of the TRON Network! Users can share TRX to earn staking rewards on Moonstake Web Wallet and Mobile Wallet! Hold TRX, send, receive and share to get rewarded with the best user experience in one click. TRON has become the 13th coin available for installation on Moonstake.
Moonstake launched its business last year with the goal of creating the largest staking network in Asia. Since then, it has developed the most user-friendly web wallet and mobile wallet (iOS/Android) with support for more than 2000 cryptocurrencies. After a large-scale operation launched in August 2020, Moonstake’s total staking assets rapidly grew to $1 billion, allowing Moonstake to become one of the top 10 staking providers globally. Since March of this year, Moonstake has also entered DeFi with its newly launched DeFi platform, Muse.Finance, which has begun releasing core DeFi products all set to be integrated into the Moonstake platform to enable advanced DeFi connectivity for its global users.
TRON is one of the market leading blockchains known for its large and very active community of users and developers from all over the world, dedicated to creating a truly decentralized internet and its infrastructure. The TRON protocol, one of the world’s largest blockchain operating systems, adopts an energy-efficient dPoS consensus mechanism to deliver high throughput, high scalability, and high availability of decentralized applications in the TRON ecosystem by collaborating with major business partners including global tech giant Samsung, Opera, BitTorrent, Poloniex, Swisscom Blockchain and many more. It is one of the fastest growing DeFi ecosystem on the market, and currently has over 55 million global user accounts and over 2 billion cumulative transactions.
In addition, the TRON-based TRC20 protocol currently hosts the world’s largest stablecoin trading at around $36 billion. Its native currency, Tronix (TRX), can be used by content consumers to pay content creators for in-game assets, be used as in-game currency, to directly reward creators for their entertainment content, or to purchase additional access. Recently, TRON joined the shortlist of leading cryptocurrencies (namely Bitcoin and Ether) with the successful listing of VanEck TRX ETP (VTRX) on the German Stock Exchange, providing access to investors in 14 EU markets.
Through our strategic partnership since June 2021, TRON and Moonstake have worked hard to deliver a satisfying TRX experience to users and we are proud to present the results of our work to you. As both of our projects are also involved in the DeFi space, we are exploring opportunities for deeper collaboration to bring more innovation and value to our user communities around the world.
How to share TRX in Moonstake Wallet
Here is a simple 3-step process to share TRX with Moonstake Wallet:
- Register your Moonstake wallet via web or mobile (iOS/Android)
- Select TRX from the Wallets screen and click the Add Asset button.
- Access the TRX screen to check your storage information. From the Staking tab, click on the “Staking” button and enter your wallet password to complete the staking.
How staking and unstaking work on the TRON . network
Each TRON network account can vote for the Super Representatives/Super Partners that they support. Voting requires TRON Power (TP), which is determined by the users’ frozen balance. TRX staking results in tokens in the power and bandwidth required to seamlessly interact with the network as well as increasing the voting power of large representatives/superpartners.
To vote for a Premium Representative/Partner, you will need to make sure your TRX is frozen. This will create a “TRON Power” and give you the ability to vote. This does not cost you TRX, it will only close it for 3 days. During these 3 days, your TRX cannot be traded. Moonstake wallet combines freeze/unfreeze action along with quota/uninstall for your convenience so you don’t need to do freeze/unfreeze separately.
There is no minimum amount of storage required.
What are the roles of an outstanding actor and an outstanding partner?
In the TRON Network, any account can apply to become a Premium Representative or a Premium Partner. Each account can vote for Outstanding Actor nominees. The top 27 candidates with the most votes are the senior representatives, while the 28 to 127 candidates will become excellent partners. The top 127 candidates (including the 27 featured representatives) can be awarded according to their voting rate, and this 127 ranking fluctuates depending on the number of votes over time. Premium representatives will be required to create transaction blocks and packages, in exchange for the corresponding block rewards (9%) as well as voting rewards (91%). On the other hand, premium partners only receive voting bonuses without performing the above two tasks. All outstanding candidates, super partners and senior representatives are entitled to submit proposals to modify parameters on the TRON network.
How to get TRX staking rewards:
The annual bonus (APY) is about 5.46%. You can claim TRX rewards once every 24 hours. Staking rewards are distributed by the Super Actor (partner) based on the rules they set.
TRON looks forward to a deeper collaboration with Moonstake to accelerate global adoption of the TRON network and the stabilization of ecosystems as a whole as well as DeFi services as we scale our growing ecosystems together.
Since its inception in 2018, the TRON Network has blossomed into one of the largest open blockchain platforms. It is at the forefront of the industry’s adoption of popular smart contracts such as DeFi, NFT, Stablecoin, Distributed Storage Protocol, etc. TRON has a global audience of over 55 million user accounts. It is home to the largest stablecoin trading (USDT) with more than 50% of the global market share and over $50 billion in on-chain crypto assets. Additionally, it ranks third globally by total booked DeFi value (TVL) at over $11 billion at the moment.
As the world’s leading staking service provider, Moonstake develops and operates decentralized wallet services for enterprises and end users.
Its mass trading activity began in August 2020. With the support of users around the world, the total betting assets have increased to $1.8 billion. In June 2021, it was ranked 3rd out of 15,000 staking providers globally.
To date, it has expanded the business and ecosystem through about 30 strategic partnerships, including major blockchains such as Emurgo, an organization made up of Cardano, TRON, and NEO. In May 2021, it became a wholly owned subsidiary of the listed company “OIO Holdings Limited” on the Singapore Stock Exchange and is working to expand Moonstake’s business and improve its credibility.