Today, Moonstake and Binarystar have announced support for Harmony Open Staking to Moonstake’s recently launched staking platform.

Starting soon with the launch of Open Staking on Harmony, Moonstake users with $ONE will be able to delegate their coins to the validator. Users will begin receiving their share of the block rewards produced by nodes operated by Moonstake on the Harmony Network.

“We’re excited about our strategic partnership with Harmony — one of the first steps towards our vision of growing Moonstake into one of the world’s leading staking platforms,” said Mitsuru Tezuka, CEO of Moonstake. “We now have strong momentum, and are working quickly to build Moonstake into a very sizeable staking pool that will benefit cryptocurrency stakers worldwide.”

Moonstake will develop and manage the staking pool. Moonstake will be both a staking Validator and a Delegator, with the assistance of Harmony. Binarystar will provide marketing and business development.

Harmony has appointed Garlam Won, Head of Asia, as an official advisor for Moonstake’s new staking platform.

“The blockchain startup ecosystem in Japan is growing incredibly fast. We are proud to be part of this growth story and actively contributing to it, whether that’s through our community building, partnerships with local startups, or enabling millions of people in Japan to have the benefit of blockchain technology,” affirmed Nikos Kostopoulos, Digital Communities at Harmony. Kostopoulos continued, “Today, we are excited to launch our new partnership with the Binarystar accelerator to focus further on the growth of our Japanese developer ecosystem.”

Moonstake’s partner Binarystar, which runs Japan’s biggest Blockchain Business Hub in Tokyo, has agreed to enter into this partnership to support these marketing activities by hosting events and overseeing Harmony’s community development in Japan.

About Moonstake

Moonstake Pte Limited is a Singapore-based technology company with a specific focus on blockchain and staking technologies. Moonstake has been established with a group of highly reputed blockchain authorities including a founder of CTIA and C-level members of globally known projects. It develops various staking products for both B2B and B2C customers and has partnered with major players in Singapore, Vietnam, and Japan.

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About Binarystar

Binarystar Co. Ltd. is a leading Japanese incubation platform with Japan’s biggest Blockchain business hub in the heart of Tokyo. It has multiple proprietary outlets to promote blockchain businesses to companies throughout Japan and East Asia and operate as a consulting body to accelerate businesses in such areas.

For more information, visit:

About Harmony

Harmony is a fast and secure blockchain with key innovations in state sharding and peer-to-peer networking. Its sharding uses secure proof-of-stake and decentralized randomness, and its networking achieves optimal cross-shard routing and fast block propagation. Built by a 12-person team featuring 7 engineers from Google, Apple, & Amazon and 2 PhDs. Currently, Harmony’s team is counting more than 25 engineers and an extended team of 50 contributors.

Harmony’s technical architecture implements a full & secure sharding scheme, efficient consensus, and scalable networking infrastructure. Harmony relies on a secure sharding process, where validators are distributed into shards based on randomness that is both unpredictable and unbiased. Harmony is a Proof-of-Stake blockchain, where validators need to stake a certain amount of tokens to be eligible for block validation. Harmony integrates an efficient consensus protocol called FBFT that combines BLS multi-signature and view change protocol to achieve high robustness and low latency. With the adoption of networking technology including RaptorQ fountain code and Kademlia routing, Harmony is able to achieve cross-shard transactions that scale sub linearly by the number of shards.

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