Rhotex Inc Launches Environmentally-Sound Options to Crypto Mining

TORONTO, Jan 18, 2021 – (ACN Newswire) – Rhotex ( www.rhotex.com ) has officially launched 3 miner cases configured with an in-built factory cooling system to ensure 100% efficiency as the chips generate heat. From Rhotex, this first of its kind innovation designed by seasoned crypto industry experts provides an environmentally responsible solution to today's challenges with the traditional miners by consuming lesser power supply compared to the output performance.





Rhotex currently offers a range of products in their new offer: RHO Lite, RHO Pro, and RHO Rack which comes with incredible features such as low power consumption, high-performance output, Wi-Fi / Ethernet connection, easy setup and productive compatibility with various blockchain options. These combined with its inbuilt cooling system increases expected hash rate conversion hence giving it an edge in the industry. All products in the RHO series were painstakingly analyzed and tried under intense conditions.

Rhotex Inc.'s algorithm solutions integrate world-class hardware and software technologies for edge and cloud-to-edge enterprise solutions and mines Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash at high levels in remarkable time. Hash rate powers in the series include:

RHO Lite: 1000 TH/s – Bitcoin, 5 GH/s – Ethereum
RHO Pro: 1800 TH/s – Bitcoin, 10 GH/s – Ethereum and
RHO Rack: 4100 TH/s – Bitcoin, 20 GH/s – Ethereum.

Roberts Evans, CEO for Rhotex Inc. in a statement says the RHO series is an easy to use miner that optimizes energy efficiency while providing maximum output. "It's our way of contributing our quota to a green environment by creating an eco-friendly design with an in-built cooling system that has very low carbon emission. This is the first of its kind. We are very delighted by the opportunities this innovation offers," he further added.

To access the wide range of products on offer and learn more about Rhotex visit www.rhotex.com.

About Rhotex

Rhotex Inc. is the company behind the RHO Miner series which are eco-friendly high-quality cryptocurrency miners with an in-built cooling system that delivers extremely high hash power with low energy consumption. Their partners include Equinix, Avenga, Etiya, Altiostar, and many more. Headquartered in Toronto Canada, the company currently has facilities in Australia.

Contact Information:
Rhotex Inc.
Torrie Fontan
747-216-1067

SOURCE: Rhotex Inc

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Blockpass and Matic Announce Integration

HONG KONG, Jan 18, 2021 – (ACN Newswire) – The start of the new year proves to be auspicious for Blockpass and Matic as the two companies reveal Blockpass' integration with Matic – the scaling solution for public blockchains. Providing fast, efficient and effective KYC services for Matic is the latest example of Blockpass' pioneering of on-chain KYC. Signing an MoU before Christmas, the companies are hard at work to provide this new opportunity for the Matic Blockchain as soon as possible.





Matic is a Hybrid Plasma/Proof of Stake side chain which uses an adapted version of the Plasma framework, providing a solution for fast and low-cost transactions. Horizontally scalable, the network currently uses one side chain, with more able to be added when or if they are required. Matic is completely EVM compatible, providing users with the same options they would find or use on the Ethereum Mainnet.

Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users.

"Ever since the beginning of blockchain technology, scalability has been an issue on everyone's radar," said Adam Vaziri, CEO of Blockpass. "Not only does Matic provide a solution through its Plasma framework-based sidechains, but it also does so with fast, low-cost transactions which make it affordable to anyone. Blockpass is uniquely positioned to provide KYC for the speed and scale of their operations thanks to our reusable-KYC model. We look forward to bringing the benefits of blockchain technology and smart contracts to a huge audience at negligible cost."

Sandeep Nailwal, Co-founder and COO of Matic Network said of the partnership, "KYC and AML are highly important tools that will bring further legitimacy to the burgeoning crypto industry. The way Blockpass reduces traditional KYC costs is impressive, and their recent on-chain KYC is definitely groundbreaking."

Blockpass has grown significantly in size and use since its inception, both in the number and range of users and companies it has partnered with, and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. Blockpass has seen rapidly increasing numbers of users in the past year as its identity verification solution is used for ICOs, STOs and IEOs, including supporting a number of successful fundraisers in the past few months. This recent integration with Matic is already leading to conversations with other companies and businesses around the topic of KYC provision. Matic is also a member of the Chainlink ecosystem of blockchains, and Chainlink is supporting Blockpass with the infrastructure on Matic.

With a current 90%+ discount on its services, a fact made possible due to the unique reusable nature of its verification method, and put in place to help as many people as possible access KYC in the current pandemic, there has never been a better time to explore the potential of Blockpass. The Blockpass App is available from the App Store and Google Play.

About Blockpass

Blockpass is a fast, fully comprehensive KYC & AML screening software-as-a-service for blockchains, Crypto, Defi and other regulated industries. With Blockpass, you get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup cost, no integration necessary, free testing, immediate launch and at the lowest cost. Blockpass' KYC Connect(TM) platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any service instantly. By integrating with Chainlink Network – a decentralized oracle solution – in early January, Blockpass introduced the first on-chain KYC solution that will service many blockchains in the years to come.

For more information and updates, please visit the following:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Email: sales@blockpass.org

About Matic Network

Matic is a developer-first hybrid POS+Plasma sidechain on top of Ethereum, enabling Ethereum developers to scale their DApps for large scale usage. Matic is rapidly becoming the go-to Layer 2 Solution for developers, thanks to secure, scalable and instant transactions, secured by Ethereum. There are 70+ Dapps building on Matic, ranging from DeFi Protocols to thrilling games and prediction markets.

Deploy your existing Ethereum DApp in less than 15 minutes. Get started with our documentation: https://docs.matic.network/.

Website: https://matic.network/
Twitter: https://twitter.com/maticnetwork?s=21
Reddit: https://www.reddit.com/r/maticnetwork/
Telegram: https://t.me/maticnetwork

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

AC Milan to Join Sports Crypto Movement with Launch of $ACM Fan Token

MILAN, Jan 18, 2021 – (ACN Newswire) – Italian football giants AC Milan, in partnership with fintech blockchain company Chiliz, have announced plans to launch an $ACM Fan Token on the fan engagement and rewards platform Socios.com in the coming weeks.



Socios.com & Chiliz CEO Alexandre Dreyfus (left) with Chief Revenue Officer for AC Milan Casper Stylsvig (right) at the official signing of the partnership in the new studio at the club's Casa Milan headquarters.



AC Milan are among the most successful clubs of all time, with 18 FIFA and UEFA trophies to their name in addition to 18 Serie A titles and a massive global fanbase estimated at 450 million, including a significant following throughout Asia.

$ACM Fan Token owners will be able to access a wide range of benefits including the right to vote in multiple club decisions each season, VIP rewards & experiences, exclusive club and sponsor promotions, games, competitions and 'super-fan' recognition.

The club joins a list of 19 major sporting organizations who have partnered with Socios.com to launch Fan Tokens, including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Atletico de Madrid, Galatasaray and Trabzonspor. Leading esports organizations Team Heretics, NAVI, OG and Alliance have all launched Fan Tokens on the platform, while UFC have signed a global fan engagement agreement and fellow MMA organisation the Professional Fighters League will launch a Fan Token in the coming months. More major clubs are set to launch Fan Tokens in the near future.

Notable examples of fan engagement through Socios.com include fans of Apollon FC choosing the first team for a friendly match and the club's home and away kit for the 2021/22 season. Juventus fans chose the club's new goal celebration song, decided on a limited edition redesign of the iconic 'J' logo and the first team bus for the 2020/21 season. Supporters of FC Barcelona placed a unique fan designed artwork at the heart of the Camp Nou dressing room, Roma fans delivered questions direct to head coach Paolo Fonseca in a live press conference and PSG fans chose a unique message for the captain's armband as well as voting on their end of season awards through the app.

Powered by the utility token Chiliz $CHZ, Socios.com is one of the most active non-financial, consumer-facing mainstream blockchain products in the world. In just over a year it has been downloaded by more than 450,000 people, over 14M Fan Tokens have been sold, and over 700,000 votes registered on the blockchain. In total, Fan Tokens have generated over $30M USD for clubs and partners in a little over 12 months. In late December and early January several Fan Tokens were listed on major global exchanges driving significant activity, with $PSG and $JUV trading volumes hitting a 24 hour high of $300M in late December.

Fans who purchased 'Milan Devils' Tokens using Socios.com pre-sale feature Locker Room will have their tokens transformed into $ACM Fan Tokens upon launch. Locker Tokens for Manchester Blue and The Galacticos have sold out.

Casper Stylsvig, Chief Revenue Officer of AC Milan said: "We are happy to join hands with Socios.com and welcome them to our family as a global partner. This partnership allows us to give our 450 million fans across the world another exciting way to interact with AC Milan, which is particularly important under the current circumstances created by the Covid-19 pandemic.

"As an innovative Club, one of our focus areas is modernization and this partnership helps us complete another important step in that direction."

Alexandre Dreyfus, CEO and Founder of Chiliz and Socios.com said: "I'm delighted to welcome AC Milan and their 450 million fans from across the world to Socios.com.

"Fans of the I Rossoneri will be able to enjoy unprecedented engagement with their favourite team, influencing the club in polls, accessing VIP rewards, exclusive promotions, chat forums and much more.

"The AC Milan partnership is a great start to a year in which we will work harder than ever on our mission to fully establish Fan Tokens as the ultimate fan engagement tool and as a powerful new revenue generator for the sports industry."

About Chiliz

Chiliz ($CHZ) is a fintech blockchain company that provides sports & entertainment entities with tools to help them engage & monetize their global audiences. The company's consumer facing app Socios.com launched in late 2019. To date, 20 major sporting organisations, including FC Barcelona, Juventus and Paris Saint-Germain have partnered with Socios.com to launch Fan Tokens.

Fan Tokens are digital assets that provide owners with engagement opportunities, including voting rights in exclusive polls. Fan Token owners can also connect with other fans in Socios Chat, access exclusive organisation and sponsor-related promotions, enjoy VIP rewards and take part in games, competitions and quizzes on the app. In early 2020 Chiliz launched Chiliz.net (Chiliz Exchange) the world's first tokenised sports exchange, with the goal to create a new ecosystem, drawing participation from sports fans and cryptocurrency enthusiasts who can trade and exchange Fan Tokens on the platform. All of these projects are fueled by the Chiliz token ($CHZ), a chain-agnostic digital currency which is currently available on leading crypto exchanges around the world, including Binance. For more information please visit www.socios.com / www.chiliz.com

For Further Information:
Chiliz / Socios.com
Andrew Clarke – Head of PR
andrew@chiliz.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Rhotex Inc. Imposes a New Eco-Friendly Concept to Cryptocurrency Mining

TORONTO, Jan 16, 2021 – (ACN Newswire) – Rhotex Inc., a leading provider of cryptocurrency mining solutions, announces its latest product line, developed through the integration of its world-class hardware and software technologies. Rhotex offers the first factory design cooling case that keeps mining operations working perfectly, while consuming less power versus output performance.





The design of Rhotex Inc. miners allows for cooling systems to be built within the case. Keeping temperatures down ensures that the machine runs smoothly, consistently, and at peak efficiency.

The Rhotex Inc. product line includes:

RHO Lite – $3,150

SHA256/BTC/BCH
ETASH/ETH
Hash rate: 1000 TH/s – Bitcoin
Hash rate: 5GH/s – Ethereum
RHO Pro – $5,800

SHA256/BTC/BCH
ETASH/ETH
Hash rate: 1800 TH/s – Bitcoin
Hash rate: 10 GH/s – Ethereum
RHO Rack – $12,999

SHA256/BTC/BCH
ETASH/ETH
Hash rate: 4100 TH/s – Bitcoin
Hash rate: 20 GH/s – Ethereum
For more information, visit www.rhotex.com.

About Rhotex Inc.

Our inbuilt cooling system cases provide an environmentally responsible solution to today's challenges with the traditional miners. Rhotex inbuilt cooling systems are engineered to cool the machine as the chips generate heat. These systems are safe for computer chips and keep the chips cool as they run and generate heat. The cooling systems work automatically. This simply means you only need to turn on the cooling system, then the system automatically regulates the temperature within the case while the machine works efficiently.

CONTACT:
Torrie Fontan
Rhotex Inc.
+17472161067

SOURCE: Rhotex Inc

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moonstake Wallet Officially Commences Staking Support for QURAS

SINGAPORE, Jan 15, 2021 – (ACN Newswire) – Today, Moonstake announced the support of staking Quras's cryptocurrency XQC in Moonstake's Web and Mobile Wallets. In April of last year, Moonstake announced a strategic partnership with QURAS, and two companies have been working together on the Moonstake's development of all necessary functions as a node.





QURAS is a next generation blockchain that enables anonymous, privacy-protected transactions. After three years of conception and development, their mainnet was officially launched on 19th December 2020. It features the benefits of blockchain while ensuring a certain level of confidentiality by providing privacy technology.

There are two coins in QURAS: XQC and XQG, a gas token. Users can earn XQG approximately every 18 seconds by holding XQC. XQG is designed to decrease for every 2 million QURAS blockchain blocks generated, and more XQG is allocated to holders who support QURAS through their holding XQC from early phases.

So far, Moonstake has supported Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, and Polkadot for staking. All of these coins require staking steps in your wallet, but with XQC, you will be rewarded with XQG if you just hold QURAS in your Moonstake Wallet.

Here's a simple 3-step process to stake XQC with Moonstake Wallet:
1. Register your mobile Moonstake wallet (https://wallet.moonstake.io) or download Moonstake Mobile Application
2. Add XQC and XQG with "Add New Asset"
3. Transfer XQC to Moonstake wallet

To receive XQG generated by holding XQC, please select XQC in the wallet and select "Claim GAS". When you have finished receiving your XQG, your balance will be displayed in the XQG in your wallet.

Shigeki Kakutani, CEO & Founder at QURAS says: "We are very honored that QURAS has been selected as one of the coins for staking by Moonstake that only accepts staking of outstanding projects. Since our core philosophy is staking for the "Common Good" rather than purely for profit, we hope to grow with Moonstake and boost the staking industry together while expanding the future of public blockchain."

Moonstake is looking forward to further cooperation with QURAS to increase its market presence and further enhance the staking of popular cryptocurrency coins to provide users with more choices.

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia's burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnership has been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan's biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore Catalist-Listed company. Industry's reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake's innovative journey.

With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 180 Million. https://www.moonstake.io/

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Rhotex Inc Launches Environmentally-Sound Options to Crypto Mining

TORONTO, Jan 14, 2021 – (ACN Newswire) – Rhotex ( www.rhotex.com ) has officially launched 3 miner cases configured with an in-built factory cooling system to ensure 100% efficiency as the chips generate heat. From Rhotex, this first of its kind innovation designed by seasoned crypto industry experts provides an environmentally responsible solution to today's challenges with the traditional miners by consuming lesser power supply compared to the output performance.





Rhotex currently offers a range of products in their new offer: RHO Lite, RHO Pro, and RHO Rack which comes with incredible features such as low power consumption, high-performance output, Wi-Fi / Ethernet connection, easy setup and productive compatibility with various blockchain options. These combined with its inbuilt cooling system increases expected hash rate conversion hence giving it an edge in the industry. All products in the RHO series were painstakingly analyzed and tried under intense conditions.

Rhotex Inc.'s algorithm solutions integrate world-class hardware and software technologies for edge and cloud-to-edge enterprise solutions and mines Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash at high levels in remarkable time. Hash rate powers in the series include:

RHO Lite: 1000 TH/s – Bitcoin, 5 GH/s – Ethereum
RHO Pro: 1800 TH/s – Bitcoin, 10 GH/s – Ethereum and
RHO Rack: 4100 TH/s – Bitcoin, 20 GH/s – Ethereum.

Roberts Evans, CEO for Rhotex Inc. in a statement says the RHO series is an easy to use miner that optimizes energy efficiency while providing maximum output. "It's our way of contributing our quota to a green environment by creating an eco-friendly design with an in-built cooling system that has very low carbon emission. This is the first of its kind. We are very delighted by the opportunities this innovation offers," he further added.

To access the wide range of products on offer and learn more about Rhotex visit www.rhotex.com

About Rhotex

Rhotex Inc. is the company behind the RHO Miner series which are eco-friendly high-quality cryptocurrency miners with an in-built cooling system that delivers extremely high hash power with low energy consumption. Their partners include Equinix, Avenga, Etiya, Altiostar, and many more. Headquartered in Toronto Canada, the company currently has facilities in Australia.

Contact Information:
Rhotex Inc.
Torrie Fontan
747-216-1067

SOURCE: Rhotex Inc

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Blockpass Provides KYC Services for Blitz Network

HONG KONG, Jan 11, 2021 – (ACN Newswire) – Blockpass is proud to reveal another new partnership, this time with Blitz Network – a union of miners, cross border traders and early cryptocurrency investors. As part of the financial landscape, Blitz Network requires KYC certification for larger volume users, which Blockpass will provide in a seamless and effective manner through its KYC Connect solution. In addition, Blitz Network has made a strategic investment in Blockpass.





Blitz Network has been trading over-the-counter for high net-worth individuals (whose eligibility is subject to KYC checks and other requirements) since 2013, and pools its liquidity from clients and partners in Beijing, Hong Kong and Tokyo. By actively networking with banks, exchanges and brokers, Blitz aims to work closely with counter-parties to transfer value globally as fast as possible. It currently supports BCH, BTC, ETH and EOS, and has a USD50,000 requirement for OTC trading.

Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. From the Blockpass Mobile App, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users.

"It's always rewarding to see a company in the financial sector embrace Blockpass' unique KYC solution," said Adam Vaziri, CEO of Blockpass. "Whilst we have shown Blockpass' ability to handle high rates of onboarding in the past we can now demonstrate, through our partnership with Blitz Network, that a lower volume of high net-value individuals can be catered to just as well. We look forward to working with Blitz to enable KYC and regulatory compliance in this critical category for compliance."

"At Blitz we like to do things fast so we don't waste our client's time. We also like to provide a comprehensive service so we can tailor make solutions. And we prefer to hide the grunt work so our customers just see clean results," stated Blitz management team. "Blockpass does all of the above, and will prove to be a synergistic partner of ours for years to come."

Blockpass has grown significantly in size and use since its inception, both in the number and range of users and companies it has partnered with, and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. Blockpass has seen rapidly increasing numbers of users in the past year as its identity verification solution is used for ICOs, STOs and IEOs, including supporting a number of successful fundraisers in the past few months.

With a current 90%+ discount on its services, a fact made possible due to the unique reusable nature of its verification method, and put in place to help as many people as possible access KYC in the current pandemic, there has never been a better time to explore the potential of Blockpass. The Blockpass App is available from the App Store and Google Play.

About Blockpass

Blockpass is a fast, fully comprehensive KYC & AML screening software-as-a-service for Crypto, Defi and other regulated industries. With Blockpass, you get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup cost, no integration necessary, free testing, immediate launch and at the lowest cost. Blockpass' KYC Connect(TM) platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any service instantly.

For more information, please visit:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Email: sales@blockpass.org

About Blitz

Blitz Network is a proprietary trading firm with a focus on high touch OTC servicing. We have been helping high net worth individuals buy and sell crypto since 2012. Our advantages are competitive pricing, near-instant settlement, and execution services. We also offer assistance with crypto-friendly banking, regular Blitz Metrics analysis, and tailor-made financial tools for miners.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Rhotex Inc Launches Environmentally-Sound Options to Crypto Mining

TORONTO, Jan 11, 2021 – (ACN Newswire) – Rhotex ( www.rhotex.com ) has officially launched 3 miner cases configured with an in-built factory cooling system to ensure 100% efficiency as the chips generate heat. From Rhotex, this first of its kind innovation designed by seasoned crypto industry experts provides an environmentally responsible solution to today's challenges with the traditional miners by consuming lesser power supply compared to the output performance.





Rhotex currently offers a range of products in their new offer: RHO Lite, RHO Pro, and RHO Rack which comes with incredible features such as low power consumption, high-performance output, Wi-Fi / Ethernet connection, easy setup and productive compatibility with various blockchain options. These combined with its inbuilt cooling system increases expected hash rate conversion hence giving it an edge in the industry. All products in the RHO series were painstakingly analyzed and tried under intense conditions.

Rhotex Inc.'s algorithm solutions integrate world-class hardware and software technologies for edge and cloud-to-edge enterprise solutions and mines Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash at high levels in remarkable time. Hash rate powers in the series include:

RHO Lite: 1000 TH/s – Bitcoin, 5 GH/s – Ethereum
RHO Pro: 1800 TH/s – Bitcoin, 10 GH/s – Ethereum and
RHO Rack: 4100 TH/s – Bitcoin, 20 GH/s – Ethereum.

Roberts Evans, CEO for Rhotex Inc. in a statement says the RHO series is an easy to use miner that optimizes energy efficiency while providing maximum output. "It's our way of contributing our quota to a green environment by creating an eco-friendly design with an in-built cooling system that has very low carbon emission. This is the first of its kind. We are very delighted by the opportunities this innovation offers," he further added.

To access the wide range of products on offer and learn more about Rhotex visit www.rhotex.com.

About Rhotex

Rhotex Inc. is the company behind the RHO Miner series which are eco-friendly high-quality cryptocurrency miners with an in-built cooling system that delivers extremely high hash power with low energy consumption. Their partners include Equinix, Avenga, Etiya, Altiostar, and many more. Headquartered in Toronto Canada, the company currently has facilities in Australia.

Contact Information:
Rhotex Inc.
Torrie Fontan
747-216-1067

SOURCE: Rhotex Inc

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moonstake Wallet Officially Announces Staking Support for Polkadot (DOT)

SINGAPORE, Jan 8, 2021 – (ACN Newswire) – Today, Moonstake announced the support of staking Polkadot's cryptocurrency DOT, one of top 10 cryptocurrencies by market cap, in Moonstake's Web Wallet. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano and Qtum became the 8th available staking coin on Moonstake Web Wallet.





Polkadot is a next-generation blockchain protocol connecting multiple specialized blockchains into one unified network. Polkadot is the flagship project of Web3 Foundation, the world's leading blockchain foundation founded by Ethereum co-founder and former CTO Dr. Gavin Wood. In addition to Dr. Wood, other key members of the Web3 Foundation include Dr. Aeron Buchanan, former Head of European Operations at Ethereum, and Reto Trinkler, co-founder of Melonport.

As of January 2021, 63% of the total supply or $6 billion of DOTs have been staked since Polkadot's mainnet launched in May 2020. The price of DOT, the native token of Polkadot and a cross-chain protocol for data and asset interoperability has risen more than 40% in December 2020 after two confidence votes by Binance, the largest crypto exchange by spot trading volume and placing it at ranking 7 cryptocurrencies by the market cap.

This time, Moonstake has added Polkadot's staking service, a global cryptocurrency to further enhance the staking of cryptocurrency's top market capitalization coins to giving users more choices.

Here's a simple 4-step process to stake DOT on Moonstake Wallet:
1. Register your mobile Moonstake wallet (https://wallet.moonstake.io)
2. Add DOT with "Add New Asset"
3. Transfer DOT to Moonstake web wallet
4. Click the "Stake Now" button (*You need to have at least 1 DOT to start staking for the first time.)

How DOT Staking Works:
When staking, you can select multiple validators (up to 16 validators) to stake. Simply choose 1-16 validators (staking providers) and nominate them. If more than 256 nominators nominate the same validator, it is "oversubscribed", and only the top 256 staked nominators (ranked by the amount of stake) are paid rewards. If your stake is in place 257 or higher, you will not receive staking rewards.

How to get Rewards of DOT staking:
APY is 13.32%. To receive the staking rewards, you must manually claim your rewards using the function inside the staking tab. Staking rewards are kept available for 84 days only. Please be aware that If you do not claim your staking rewards by this time, then you will not be able to claim them and some of your staking rewards will be lost.

How DOT unstaking works:
You must unstake when sending a DOT during staking. However, for 28 days after the unstake, it will be in the "cancellation request" state and will be locked. After the 28-day lock period has expired, you can withdraw your DOT. There are no staking rewards during the lock period.

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia's burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnership has been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan's biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore Catalist-Listed company. Industry's reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake's innovative journey.

With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 120 Million. https://www.moonstake.io/

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

KSA Nisbah Capital Subsidiary of Taibah Valley has Joined Tezos Blockchain Ecosystem

Saudi Arabia, Jan 7, 2021 – (ACN Newswire) – Nisbah Capital, the blockchain subsidiary of Saudi Arabia-based Taibah Valley will join the Tezos ecosystem as a corporate baker, the first in the Middle East region. It also has added the Tezos blockchain to its blockchain lab projects as part of its initiative to create the biggest blockchain community in the MENA region to support commercialized applications, counselling, mentoring and researching in the areas related to blockchain and cryptocurrency.

In addition, through its subsidiary, Nisbah Capital, Taibah Valley has also become the first corporate entity in the Kingdom to participate in the Tezos ecosystem as a corporate baker, meaning that it will now validate transactions (blocks) and add them to the Tezos blockchain. This move follows an announcement (https://bit.ly/2MG4Qod) by EDF group subsidiary, Exaion, which became a corporate baker in October. Participating in the ecosystem as a baker not only strengthens the decentralization of the Tezos ecosystem but also reinforces its credibility and paves the way for future institutional adoption in the MENA region. Becoming a Tezos baker is seen by Taibah Valley as part of supporting the technology and the communities that are interested in cryptocurrency.

Raghad Abdulghani, Technical Specialist at Taibah Valley, said, "By becoming a Tezos baker, we see an opportunity to spread the knowledge about cryptocurrencies and how they work, and to attract different companies to recognize the potential in the MENA region. In addition, we believe that baking will help build the future of the Tezos blockchain in the region."

Waleed Rassuli from Tezos Gulf, added, "This collaboration with Taibah Valley will be a major driver to stimulate the adoption of decentralized blockchain technologies in the Middle East. Given the increasing number of corporate bakers in the Tezos ecosystem, we think that having one in the Middle East will give local blockchain projects in this region a boost."

Taibah Valley was established by 2008 with the mission of investing and supporting projects with real economic value and positive impact for Saudi Arabia and the MEA region. Its areas of focus are blockchain, Internet of Things, and Artificial intelligence

Source: https://bit.ly/3beMncw

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