TrueFi powers WOO X’s institutional services through decentralized loans to verified clients

SAN FRANCISCO, CA, Jul 12, 2022 – (ACN Newswire) – TrustToken, the core team responsible for building the leading unsecured lending protocol TrueFi unveils its collaboration with WOO X, a zero-fee digital asset trading platform incubated by Kronos Research, the leading digital asset quant company and market maker. WOO X will use TrueFi to support its institutional services by issuing loans to its clients through the protocol.

The amount of value locked into the smart contracts powering decentralized finance (DeFi) services soared in 2021, and despite some fluctuations in the first months of 2021, the ecosystem is still very much in the green year-on-year. While lending has emerged as one of the most lucrative DeFi applications for both retail and institutional clients, decentralized lending protocols still largely have to rely on over-collateralization to avoid risks, which makes the service capital-inefficient. With its total of more than $1 billion loans originated in 2021, TrueFi ups the DeFi lending game by enabling loans to verified institutional borrowers through its lending protocol.

WOO X will rely on TrueFi as the lending protocol of choice for uncollateralized loans to its institutional clients in its native WOO token, making it TrueFi's first non-stablecoin portfolio. WOO DAO, a decentralized autonomous organization working to foster the growth of the WOO Network, will provide the tokens for the loans, with all yields returning to the WOO DAO. The financial institutions trading on the WOO X platform have been verified through KYC measures, and the loan principal will only be released into their WOO X wallets. Due to TrueFi's protocol technology, this type of transparency will show WOO token holders where DAO funds are moving.

The uncollateralized lending program follows an update of WOO X's staking program, which now allows institutional clients to stake 600,000 WOO tokens to trade without fees through the platform's API. The update has prompted demand for WOO loans among financial institutions looking to gain access to the service fast and with reduced risk exposure.

"Uncollateralized on-chain lending is the most capital-efficient credit a financial institution can get," says Rafael Cosman, CEO of TrustToken. "Our first non-stablecoin portfolios are further testimony for how versatile TrueFi lending can be, supporting any digital assets at all–Bitcoin, Ether, and other top coins are also very much a possibility. We are excited to be reimagining loans for the 21st century as we work to push TrueFi's total originated loans to $10 billion."

"The institutional interest for crypto is soaring, and readily-available capital is one of the key conditions for big players to delve deeper into the space, especially in the current climate," says Ran Yi, Chief of Ecosystem at WOO Network. "We are thrilled to be partnering with TrueFi to grant institutions fast and efficient credit through DeFi's first uncollateralized lending protocol. By giving traders more flexibility, we enable more usage of the network, which ultimately benefits the entire ecosystem."

About TrustToken

TrustToken is building the protocol for global lending. TrustToken's TrueFi protocol brings uncollateralized lending and credit scoring on-chain, offering borrowers the highest possible capital efficiency at competitive rates, while offering lenders the broadest marketplace of financial products in DeFi. TrueFi has completed over $1B in loan originations with a perfect record of repayment.

The company's TrueCurrencies are the world's first independently-verified, fully collateralized stablecoins, trading on top exchanges like Binance, Huobi, and OKEx, generating billions in monthly trade volume. TrueCurrency users enjoy lightning-fast transactions, the lowest transaction costs of any stablecoin, easy exchange to and from fiat currency, and obsessive customer service.

Start using TrueFi at https://truefi.io, or learn more about TrustToken products at https://trusttoken.com.

For interested borrowers or asset managers looking to build financial products on TrueFi, please contact ryan.rodenbaugh@trusttoken.com.

About Kronos Research

Kronos Research is a leading quantitative trading company and cryptocurrency market maker, headquartered in Taipei. Founded in 2018, it grew its daily trading volume to about $5 billion per day while working to build an infrastructure for democratizing investment and trading with both traditional and crypto-assets. WOO X is its digital asset trading platform listing a wide array of coins and tokens, as well as futures contracts pairing $PERP against a variety of popular digital assets. The exchange relies on the WOO Network for liquidity, with WOO DAO working to foster the development of the ecosystem.

For more information, visit https://kronosresearch.com/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Metabook Launches Web3 / Metaverse Reserve System

Arizona, Jul 5, 2022 – (ACN Newswire) – Metabook announced today the launch of a Web3 rating system and is launching an influencer program, aimed at returning hope to the crypto ecosystem.

For that purpose, there is the first Ranking of Web3 leaders fighting against the wrong statements about "crypto winter", and an XR program with the tagline "Ikonic. Own the moment", with fan art contest dedicated to Johnny Depp. Depp was fighting the lies, and Web3 leaders do the same.

Metabook has created infrastructure, to be used for Web3 Reserve system that is the hedging mechanism for partners of our Sharing Economy. The Metabook mission is to make researches and take into Reserve pool the top rated NFTs, digital assets, to use them in XR campaigns and hedge the value. Facts show that there is no crypto winter, but a lot of patient venture capital allocated to bridge us into another bull run.

Web3 Bull Run needs:
– A new innovation trigger (like DeFi or NFTs) for a new form of native value.
That Value Is Coming From Metaverse Format Shifting, Backed by Meta Alliance
– A mass support by influencers. When influencers supported NFTs, it started booming.
– Big Tech executives don't make a living off of media activities, so they can lie to the audience, when it is in their interest. Now, their interest is to replace the old workforce, and they tell us about "signs of recession, Winter".

According to CB Insights, there are now 1,146 unicorns, 1000 more than there were in 2016 (and about 100 have become unicorns this year).

Top-20 Metaverse heroes who inspires the hope in a new innovation cycle.
Thanks to Jamie Burke and other open Metaverse / Web3 leaders. There is Metabook top-20:

1. Tal Eliashiv. Managing Partner at SPiCE Venture Capital
2. Bill Tai, Metagood founder
3. Matthew Ball. www.matthewball.vc/the-metaverse-primer
4. David Namdar. www.davidnamdar.com/portfolio
5. Jamie Burke (and the entire Outlier!)
6. Chris Hitchen. He invested in more than 100 startups and worked as venture partner with VC funds EQT Ventures, Project A and SquarePeg Capital prior to establishing Inventures, the Inventures Collective and now Possible Ventures.
7. CZ. Binance founder
8. Hrish Lotikar. CEO at SuperWorld. Ex-Global Evangelist at Toptal (backed by Andreessen Horowitz, this company now is hiring thousands of IT/marketing profs).
9. Sandeep Nailwal, Polygon founder
10. Alesis Ohanian, Reddit founder, his new fund is focused on this area.
11. Brendan Wallace
12. Brendan Blumer
13. Bryan Feinberg, Plato / W3 Networks
14. Tomasz Tunguz, Redpoint
15. Kathryn Haun
16. Gigi Levy-Weiss, NFX
17. Jeff Jordan (Andreessen Horowitz)
18. Fabrice Grinda
19. Niko De Jonghe
20. Sheridan Tatsuno.

Metabook will return Johnny Depp, to return the hope to the market

Metabook's Rating Methodology, based on Cycle of Market Emotions, has the answer
to the market crash situation.

Toxic people. They make problems for good people. It is right in the Depp – Heard
case, it is right in the markets crash situation.

Metabook's public appeal to Mark Andreessen: Why don't you embrace a bold PR
strategy, like Johnny Depp, defeating the dominant public opinion, directed by toxic
media?

About Metabook:

The Metabook is an International Metaverse blockchain platform, aimed at doing crowd ratings and decentralized distribution of innovative technologies from these ratings.
Metabook platform is a community-driven Reputation platform: top rated digital assets will be taken into a Reserve pool, to share the benefits with the community.

"Ikonic. Own the moment"
https://www.facebook.com/MetabookHealth/

Source: Metabook.Digital

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moonstake Now Supports Staking of ORBS on Polygon Network

SINGAPORE, Jul 4, 2022 – (ACN Newswire) – Moonstake is pleased to announce that our users can now earn interest from staking ORBS token on an additional chain – Polygon – on both the Web and Mobile Wallets! Hold, send, receive, and stake ORBS on both Ethereum and Polygon Network to earn multi-chain staking rewards with the best user experience through one single click!

Previously in April 2022, we initially integrated support for Polygon chain, specifically enabling users the ability to hold, send, receive, and own MATIC coin as well as MATIC tokens. As an official Guardian of Orbs Universe via strategic partnership with Orbs Network since March 2021, Moonstake is proud to bring our community as well as ORBS users globally the ORBS multi-chain staking experience on Ethereum and now Polygon!

Moonstake started the staking business last year 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, allowing Moonstake to become one of the top 10 staking providers globally. Since March this year, Moonstake has also entered DeFi together with the newly launched DeFi platform, Muse.Finance, who has begun releasing its core DeFi products which are all scheduled to be integrated into Moonstake platform to enable advanced DeFi connectivity for our global users.

Meanwhile, Orbs recently rolled out its Orbs 3.0 upgrade which utilizes Orbs' unique features, designed for interoperability with EVM and non-EVM blockchains, to be set up as a separate decentralized execution layer operating between the base blockchain layer and application layer.

The Orbs Network is powered by the ORBS token, which is used for the settlement of fees and provides the system of incentives for election of Guardians (the Orbs validators) using Proof-of-Stake consensus. It is accessible across eight major chains: Ethereum, Binance Smart Chain, Polygon, Solana, Avalanche, Fantom, Harmony and Cronos. The protocol's expansion to Polygon Network was based on Polygon's market prominence as a leading layer-2 project on top of Ethereum that is one of the market's biggest blockchains for Web3 builders, boasting over 7,000 DApps in its developer ecosystem which features numerous big names – from DeFi projects such as lending platform Aave to luxury brands company Dolce & Gabbana and NFT marketplaces including OpenSea and Mark Cuban's Lazy.com. Deploying Orbs staking on Polygon capitalizes on the advantages offered by the Ethereum stack in order to achieve both scalability and low fees as well as high security, while also offering users the flexibility to stake and earn with whichever chain they like.

How to stake ORBS on Moonstake Wallet
Here's a simple 3-step process to stake ORBS with Moonstake Wallet
1. Register your Moonstake Web wallet
2. From the wallet screen, select ORBS on Polygon and click the "Stake Now" button.
3. Confirm the staking information, then click the "Staking" button and enter your wallet password.

How ORBS Staking Works
Hold ORBS Token and no minimum amount for staking.
Agree to lock in and stake ORBS.
The gas fee for transactions will be in MATIC tokens of Polygon instead of ETH like staking ORBS on Ethereum.

How to get rewards of ORBS staking
Token holders that delegate to an active Guardian are rewarded in proportion to their stake. Annual reward is up to 6.67% of the Delegators staked tokens.

*Delegators are ORBS token holders who assign their voting weight (stake) to Guardians, empowering them to maintain security and uphold the long term vision of the ecosystem.

How ORBS unstaking works
If token holders want to send an asset that is currently staked, they will need to unstake it first. The unstaking of tokens will take a full 14 days before they become available, therefore you will not be able to send the tokens immediately. The period during which the tokens cannot be transferred is called the "cooldown period".

Expanding the staking feature of ORBS to Polygon is another step in Moonstake's effort to promote the adoption of crypto staking as we continue to provide more options and value to crypto users worldwide, and our close working relationship with partner Orbs Network will ensure a satisfactory staking experience for our users. We have previously held a number of campaigns for ORBS users, including webinar, quiz, and giveaways, and we are always working to organize more valuable programs for the community. Please stay tuned for more updates from us!

About Moonstake

Moonstake 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 business

For 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 12 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 Orbs

The Orbs Network is an open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus. Orbs is set up as a separate decentralized execution layer operating between existing L1/L2 solutions and the application layer, as part of a tiered blockchain stack, without moving liquidity onto a new chain. Orbs acts as a "decentralized backend", enhancing the capabilities of existing smart contracts and opening up a whole new spectrum of possibilities for Web 3.0, DeFi, NFTs and GameFi. Orbs was founded in 2017 and launched its mainnet and token in March of 2019. Orbs is being developed by a dedicated team of more than 30 people, with offices in Tel Aviv, London, Singapore, Tokyo and Seoul. https://www.orbs.com/

About Polygon

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon's scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured. If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon's fast and secure txns for your dApp, get started here. https://polygon.technology/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The Bazaars Project launches peer-to-peer marketplace app to Exchange goods, vehicles or property for crypto

British Virgin Islands, Jun 30, 2022 – (ACN Newswire) – The Bazaars Project has launched its peer-to-peer marketplace app in the Apple App and Google Play stores. The app allows users to buy and sell goods, property, and vehicles with cryptocurrency. This milestone is significant for the Bazaars Project's mission to create a proof-of-stake blockchain network and a decentralized peer-to-peer marketplace.

"The crypto market value is more than $2 trillion. There are thousands of cryptocurrencies and most of their value so far has come from speculation and trading rather than their ability to be exchanged for any tangible goods or assets. The Bazaars Project is aiming to change this by providing a marketplace where people can buy and sell everyday products and valuable assets using cryptocurrency," said Cryptomoe, founder of the Bazaars Project.

The Bazaars Project has also launched BZR, its ERC20 token. The token is now available on the Uniswap exchange, with other exchanges coming soon. Token holders will earn a percentage of the transaction fees collected from the Bazaars marketplace.

Future phases of the project will enable users to create and deploy smart contracts and decentralized apps individually or in groups without the need for a third party.

The Bazaars marketplace app is not bound by national or regional borders. Customers can shop securely and privately from any location. The Bazaars app does not collect, store, or track sensitive data. Users can register using their mobile phone numbers and email addresses and the app will only collect information required by the app stores.

"We believe in a world where anyone can buy products privately and securely, no matter where they live or what currency they use. Payments need to be easy, instant, and private. And the ability to trade needs to be in the hands of buyers and sellers," added Cryptomoe. "The future of commerce is online, with crypto. Bazaars wants to help make crypto commerce a reality."

The Bazaars marketplace is using Coinbase Commerce for payments. Its delivery and logistics partner is Aramex, a global provider based in the UAE, one of the worlds' largest trading hubs.

About Bazaars Project

The Bazaars Project was established in September 2021. It was set up by a group of experienced entrepreneurs and investors to provide a proof-of-stake decentralized blockchain network to drive crypto commerce adoption worldwide. Visit https://bazaars.io to learn more.

Media Contact:
Raja Al Khatib, Chairwoman
The Bazaars Project
00447 787152900
info@bazaars.io

This press release is issued through Arab Newswire ( www.arabnewswire.com ) – a newswire service for the Arab World, Middle East and North Africa (MENA) – and is distributed by EmailWire(TM) ( www.emailwire.com ) – the global newswire service that provides Press release distribution with guaranteed results(TM).

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Asia’s Largest Play-2-Earn Crypto Expo to Kick Off in Bangkok August 10 to 13

BANGKOK, June 29, 2022 – (ACN Newswire) – Play-2-Earn Hybrid Expo Asia, the world’s first event focused specifically on the Play-2-Earn industry for businesses only, is to be held this year in Bangkok, Thailand from August 10 to 13 at W Hotel Bangkok and Metaverse. With up to 250 physical C-suites and more than 500 virtual attendees expected from all around the world, the expo is to bring together the entire ecosystem of the P2E industry from guilds, venture capitalists, game developers, exchanges, launch pads, and key opinion leaders.

With a direct approach to connecting the most experienced individuals and companies and building a strong P2E community, the expo stands out by focusing entirely on a business-to-business approach rather than being consumer-centric.

What to Expect at P2E Hybrid Expo Asia

3-Day programme will present an immersive experience for more than 250 physical and up to 2,000 virtual attendees. More than 50 speakers will participate in panel discussions to share their insights and experiences. Each day will end with an evening of networking at a unique location across Bangkok, including at W Bangkok’s very own House of Sathorn featuring welcome drinks on the first night. The second night will be at Bangkok’s one of the trendiest rooftop bars at Tichuca Bar and the event will end off with a pool party at Wet Deck at W Bangkok on the last night.

A business matching portal will be provided for all the attendees one month prior to the event to be able to request for meetings with others in attendance to nurture connections and synergies for partnerships. With virtual booths of sponsors in tow, the hybrid component of P2E Expo Expo will ensure virtual attendees from around the world will have access to all the insights being shared.

Play-2-Earn Industry in 2022

Play-2-Earn Hybrid Expo Asia comes at a significant time in the P2E industry, having taken off just a year ago. Despite being in its early stages, a huge number of game projects have raised a significant amount of funding and the concept of Play-to-Earn has evolved into Play-to-Earn and Move-to-Earn. There is a significant shift for traditional game developers to join the Web3 movement, which demonstrates P2E as an industry itself making a real impact and empowering third world countries.

P2E industry being in its early phases of development is more the reason to attend, connect, and share insights with those in the same field to strengthen the community and the industry. The environmental conditions such as the bear market we are facing today further underscores the need for the P2E industry to evolve and find the perfect balance to self-sustain and grow.

Final Winner at Pitch Competition to Win up to $3,000,000!

Impressive lineup of judges from the P2E space will be physically present at the event including venture capitalists and guilds such as DFG/Jsquare, Enjin Starter, Faculty Group, Openspace ventures, SeaX Ventures, and YGG SEA. Every game is able to submit its whitepaper on the website to be shortlisted and invited to pitch. With a total of 8 pitches by game developers, the pitch competition at P2E Hybrid Expo Asia is one of the most coveted parts of the event programme especially with more attention towards the introduction of the new games that are emerging in the market.

Future of Play-2-Earn Hybrid Expo Asia

Play-2-Earn Hybrid Expo Asia stays true to its mission of empowering the P2E ecosystem and is looking to host the expo throughout the year with its subsequent one planned for early 2023 in the exciting destination of Bali, Indonesia. Bali is widely known for playing host to a huge surge of Web 3.0 and blockchain residences from those flying in from around the world and it will be an exciting spot to kickstart 2023 for the P2E community.

Plato Blockchain Announces the Launch of ‘Minting the Future’ Podcast

Washington, D.C., Jun 21, 2022 – (ACN Newswire) – Plato Blockchain is pleased to announce the launch of the "Minting the Future" television show. The global broadcast show will be hosted by Adryenn Ashley, an award winning producer and on-air host.

Ashley, who also created the show, said it shares the title with her book "Minting the Future," which is scheduled to be published in the near future.

Ashley has over 30 years' experience in the industry, both in front of and behind the camera. From shooting her first feature film in 8 days that went on to win awards around the globe for 2 years, to launching a TV development platform to give content creators greater control that put her talk show "Wake Up" on national broadcast television in 4 months, passion and an eye for what's next have populated the projects that she has championed.

Today, Ashley's unique perspective mentoring startups and advising global investment firms is applied to the world of NFTs and Blockchain. She is a sought after international speaker and has interviewed most of the top names in blockchain, many of whom will appear on the show.

Show Topics will include:
– Blockchains of the Future
– Security vs Anonymity
– Hackers and Rugs
– Benefit and Use of DAOs
– NFTs – Securities or Utilities
– Play to Earn Gaming
– Sovereign ID

As Ashley noted, "Minting the Future" is best described as "infotainment." "The first edition of the book in 2017 was focused on entrepreneurs and how they could use ICO's to fund their startups," she said.

"With this edition, it's about building unstoppable unapologetic decentralized applications, and how the future will look when blockchain gives users rights to their data and ownership of their assets. The show will give viewers insights that will demystify the technology, as well as the numerous opportunities in the industry."

The show will be presented by Plato Technologies, the cross-chain Gateway to the world of Decentralized Gaming, Streaming and Metaverse experience. Plato connects the technology sector with investors and uses AI and machine learning to curate data for the users.

Delivered via a multi-platform distribution and streaming on CrowdedTV (Ashley's former startup that she's transformed into a DAO), App and Video Podcast, the show's audience has a potential reach of over 600 million households.

About Adryenn Ashley, Speaker/TV Host/Pundit/Crypto Evangelist

Adryenn Ashley is a serial entrepreneur, speaker, and investor. As a Startup Advisor her advice is sought after, whether for her abilities to viralize a global conversation, or increase a company's revenue while streamlining costs. Her expertise ranges everywhere from breaking into banks (security testing in the 1990's), to being one of the first females in AI in the 2000, giving Ashley decades of experience in navigating the bleeding edge of what's next. Ranked the #1 Woman in Blockchain Influencer in 2019 and having recently regained her ranking, she has spent more than a decade immersed in blockchain, artificial intelligence, and augmented reality.

To receive information about the 'Minting the Future' Podcast TV Show launch, please contact: info@getme.press

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moonstake Now Supports Staking of ROSE Token from Oasis Network

SINGAPORE, Jun 15, 2022 – (ACN Newswire) – Moonstake is pleased to announce that our users can now earn interest from staking Oasis Network's ROSE token on both the Web and Mobile Wallets. Hold, send, receive, and stake ROSE to earn rewards with the best user experience through one single click. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, Shiden, FIO, and EVER, ROSE became the 17th staking coin available on Moonstake.

We are pleased to offer ROSE staking for users as an official validator of the Oasis Network. Moonstake started the staking business last year 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, allowing Moonstake to become one of the top 10 staking providers globally. Since March this year, Moonstake has also entered DeFi together with the newly launched DeFi platform, Muse.Finance, who has begun releasing its core DeFi products which are all scheduled to be integrated into Moonstake platform to enable advanced DeFi connectivity for our global users.

Meanwhile, the Oasis Network is a privacy-enabled blockchain platform for open finance and a responsible data economy. Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. The Oasis network's native token, ROSE, is used to stake and to pay for transaction fees. The network aimts to provide a next-generation foundation for Web3 and power DeFi, GameFi, NFTs, Metaverse, Data tokenization and Data DAOs.

How to stake ROSE on Moonstake Wallet
Here's a simple 3-step process to stake ROSE with Moonstake Wallet:
1. Register your Moonstake Wallet via Web or mobile.
2. Select ROSE from the "Wallets" screen and click the "Add Asset" button.
3. Access the ROSE screen to check your staking information. From the Staking tab, click the "Stake" button and enter your wallet password to complete staking.

How ROSE staking works
Hold ROSE, no ROSE minimum staking amount.
Agree to lock in and stake ROSE.

How to get rewards of ROSE staking
Rewards are given in ROSE and are received on each epoch transition which is approximately every hour. Rewards are automatically distributed and restaked: they must be unbonded to be spendable.

How ROSE unstaking works
The Oasis Network has a 14 day unstaking period throughout which your tokens will not earn staking rewards and will not be transferable.

Moonstake is pleased to integrate with Oasis Network and bring our users a satisfactory experience staking ROSE. Please look forward to our future community reward programs for Oasis users.

About Moonstake

Moonstake 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 business

For 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 12 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 Oasis

Oasis is the leading privacy-enabled and scalable layer-1 blockchain network and combines high throughput and low gas fees with secure architecture to provide a next-generation foundation for Web3 and power DeFi, GameFi, NFTs, Metaverse, Data tokenization and Data DAOs. Oasis will propel web3 forward, scaling it and evolving it from infancy to maturity. Supported by top industry backers, Oasis recently announced the $200 million Ecosystem Fund to support projects to build on the network and has several Fortune 500 partnerships in place, such as the CryptoSafe Alliance with Binance, the BMW Group, and others. Oasis is one of the top two invested blockchains by top VCs and has one of the fastest-growing developer networks in the industry, according to Messari. https://oasisprotocol.org/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moonstake Hosts Staking Contest with Partner FIO with 100,000 FIO Prize Pool

SINGAPORE, Jun 3, 2022 – (ACN Newswire) – Moonstake is excited to host a staking contest with our partner, FIO, with a prize pool of 100,000 FIO tokens. This competition will run from June 1 – June 15 and there will be 108 prizes for users who stake the most as well as lucky draw rewards.

Moonstake and FIO became strategic partners in February 2022 to integrate support for FIO tokens on Moonstake Wallet, and Moonstake became an official Block Producer for the FIO Network in the same month. Since then, Moonstake and FIO have collaborated extensively to host various successful community programs to promote adoption of the FIO and Moonstake ecosystems, including staking launch, educational quiz, and now, a staking contest to boost awareness and participation.

Below is the detailed information of the FIO staking contest:

Reward details:
– First place: 1 prize of 20,000 FIO tokens. Must stake a minimum of 200,000 FIO tokens.
– Second place: 2 prizes of 10,000 FIO tokens each. Must stake a minimum of 100,000 FIO tokens.
– Third place: 5 prizes of 4,000 FIO tokens each. Must stake at least 40,000 FIO tokens.
– Lucky draw prizes: 100 randomly selected participants will share a total prize pool of 40,000 FIO Tokens. To be selected for this pool, you must have a minimum of 1,000 FIO tokens staked.

How to participate:
– Download the Moonstake wallet
— iOS: https://apps.apple.com/us/app/moonstake-wallet/id1502532651
— Android: https://play.google.com/store/apps/details?id=io.moonstake.wallet
– Stake FIO tokens
– Follow FIO ( https://twitter.com/joinFIO ) and Moonstake ( https://twitter.com/moonstake ), retweet the staking tournament announcement ( https://twitter.com/moonstake/status/1531885942675763200 ).
– Fill out this Google form: https://forms.gle/tfxenikw9LCvVh91A

Notes
1. Only the staking amount staked during the duration of this campaign is eligible.
2. You must keep this staking amount staked during the entire period of the campaign to qualify for the reward.
3. We will choose the stakers with the highest staking amount as the winner of the 1st, 2nd, and 3rd prizes.
4. Rewards will be distributed within 14 working days after the end of the staking tournament.
5. The FIO team and the Moonstake team reserve the right to interpret the above event at their sole discretion.

Please also check out the blog article of our partner FIO about this campaign: https://tinyurl.com/fio-blog

Moonstake is committed to providing the most secure and user-friendly experience for users worldwide to promote crypto staking, and this staking contest is an important joint initiative by us and our partnered coin to accelerate growth and adoption of our staking ecosystems.

About Moonstake

Moonstake 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 business

For 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 12 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 FIO

FIO, the Foundation for Interwallet Operability, is a decentralized consortium of blockchain organizations and community members supporting the ongoing development, integration, and promotion of the FIO Protocol. The protocol is an open-source, decentralized usability layer solution that works across all blockchains, and uses human-readable Crypto Handles to replace the complexity, risk, and inconvenience that comes with blockchain-based transactions using public addresses.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

MuskMelon Utility Tokens Set to Dominate Investors’ Mindshare: NFTs Launch May 30

DAKAR, Senegal, May 30, 2022 – (ACN Newswire) – MuskMelon coins, the latest craze in NFTs (Non-Fungible Tokens) for game lovers, being bought in multiples of 10x, is setting a new high for collectors. Breath-taking MuskMelon lured investors with its presence in Times Square, New York recently. With an exponential gain of over 6000% returns for investors, MuskMelon Tokens (MELONs) are set to launch 3D NFTs, offering investors an opportunity to cash in on the growth curve on May 30, 2022.

MELON Tokens will be traded on Bibox, the world's leading AI-led digital asset trading platform, and Digifinex, a one-step crypto investment platform (both exchanges are headquartered in Singapore). MuskMelon is also live on BitMart, XT.com and others.

MuskMelon aims to outmanoeuvre established coins such as SHIBA INU (SHIB) and DOGE with its inventive methodologies. The Token is unique amongst the current offerings, with its unique play to earn and NFT avatars, in the DeFi space.

On the occasion, Neal Mathews, Project Advisor of MuskMelon, said, "MuskMelon's recent presence in Times Square, New York has amplified our NFTs multi-fold. Hence the 3D NFTs are launching today while 'RunMelonRun' remains a favourite for many of our investors. The said game will host MELON NFTs and merge the utility of MELON Tokens, enabling users with dual benefits. The game will be available on iOS and Android stores post-launch."

MuskMelon allows meme creators to spread their word, build a strong community and earn. The entire process of MuskMelon is decentralized and helps aspiring meme creators showcase their talent to the world. The platform prides itself on being a community-driven initiative, re-igniting the spark that brought the Blockchain-Cryptocurrency industry to life.

MuskMelon seems to be an ecosystem that wants to enchant global audiences with NFTs and immersive gaming possibilities. MELONs have a maximum supply of 10 billion tokens, on the BEP20 and ERC20 networks. The MuskMelon community wants to ensure maximum public participation with an almost fair sale.

For more information, kindly visit the website https://muskmelon.org/

Media Contact:
Neal Mathews, MuskMelon
Email Id: hello@muskmelon.org
Contact: +221 774800422

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Dubai Grants Ex-Singapore Parliamentarian Calvin Cheng’s Web3 Company a Virtual Asset License

ABU DHABI, UAE, May 23, 2022 – (ACN Newswire) – Singaporean investor and entrepreneur Calvin Cheng has established a non-fungible token (NFT) and fan token investment holding company in Dubai. Cheng, formerly an appointed Member of Parliament in Singapore, will invest in projects to integrate crypto into fashion, media and entertainment via Calvin Cheng Web3 Holdings FZE.

The Dubai Virtual Asset Regulatory Authority (VARA) has granted the company a provisional Virtual Asset License. VARA is the world's first specialised regulator for virtual assets, such as cryptocurrency. As Dubai moves towards safer economic freedom backed by greater technological innovation and digital transformation, VARA will play a central role in creating new investment opportunities in Dubai's fast-growing virtual asset industry.

The announcement follows similar preliminary permits that enables readiness to operate under full regulatory supervision, that VARA is granting to world-leading crypto exchanges Binance, FTX, Crypto.com and Bybit among other VASPs in the chain.

Exclusive access and increased engagement

Calvin Cheng Web3 Holdings FZE's portfolio will include AmberX, an exclusive membership NFT that allows qualifying members access to Amber Lounge: Formula 1's leading VIP lifestyle and entertainment pop-up lounge. Another portfolio company will be Celeb X, an NFT and fan token system designed to allow celebrities to directly engage with their social media followers, and in turn, for the fans to access exclusive benefits with celebrities including models, actors, sports icons and others.

VARA: A ticket into the metaverse

Calvin Cheng Web3 Holdings FZE voluntarily elected to obtain a VARA license to gain access to a regulated ecosystem, despite their product offering not being subject to supervision in other global jurisdictions. The license provides greater customer assurance and increases consumer risk protection.

As the only global economy to have an independently regulated virtual assets environment under VARA, Dubai's virtual asset's ecosystem is governed by comprehensive legislation and internationally applicable policy frameworks. Designed as the world's first participatory-governance model, where industry innovators and market shapers share responsibility with policy makers to create a more democratic and borderless economy, VARA is structured to increase collaboration and innovation, without compromising public protection.

Under the VARA regime, all business services will be subject to thorough regulatory oversight, and end-to-end mandatory Financial Action Task Force (FATF) compliance controls.
VARA noted, "Calvin Cheng Web3 Holdings FZE will be the first international business to actively seek regulation, despite being able to operate lawfully in many other qualifying global jurisdictions. Such appreciation of the need for strong governance in order for the sector to mature and safely scale, reflects credible intent of purpose and sound reputation of Mr. Cheng, which have supported our consideration for this company to participate in Dubai's MVP programme."

Calvin Cheng added, "Dubai is fast positioning itself as the leading Virtual Assets Hub in the world. Digital Assets is a new space, which needs progressive regulators to keep up with entrepreneurs' focus on innovation and growth. We are proud to be the first NFT VASP to enter this regulated ecosystem as our commitment to support strong guard rails for the crypto industry to safely grow. A new and forward-thinking regulator like VARA is well-positioned to firmly establish Dubai as the leading global centre for digital assets."

About Calvin Cheng Web3 Holdings FZE

Calvin Cheng is currently the Chairman of listed Chinese EdTech firm ReTech Technology Co, which he led to an Initial Public Offering, together with leading investors from China. ReTech's shareholders include several co-founders of Alibaba, as well as founders of other leading Chinese tech companies. Prior to ReTech, Cheng was the Head of Elite Model Management for Asia. He was also the licensee for Ford Supermodel of The World for China, Singapore and Malaysia. Cheng launched a media investment fund with China's leading film and media group, The Bona Film Group. In Singapore, Cheng was founding director of Lumina-Looque Group, which organises fashion events for global luxury brands like LV, Moncler and Ferrari. Lumina also involved in organising the launch of Dubai Meydan City.

Cheng was a former appointed Member of Singapore's Parliament and a Young Global Leader of the World Economic Forum.

About VARA

Dubai Virtual Asset Regulatory Authority (VARA) is the world's first specialised regulator for the Virtual Assets sector. Established in March 2022, following the effect of Law No.4 of 2022, VARA is responsible by decree for licensing and regulating the Virtual Asset sector in the Emirate of Dubai and its free zone territories (excluding DIFC), and oversees all licensing requirements and applications for authorisation of Virtual Asset activities under UAE law. VARA plays a central role in creating Dubai's advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

For media inquiries and interview requests, please contact:
Anna Aye
Associate
Financial PR
Mobile: (+65) 8500 2011
Email: anna@financialpr.com.sg

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com