IOST (IOST) Partners with Leading Crypto Staking Network Moonstake

IOST joins forces with Moonstake to enable a seamless IOST staking experience for users.

Facilitating Easy Staking Experience

IOST (IOST), a pioneering decentralized, high-throughput smart contract platform today announced its partnership with leading staking network Moonstake to enable seamless staking functionality for IOST coin on Moonstake wallets.

For the uninitiated, Moonstake entered the crypto staking landscape in 2020 with an intention to develop the largest staking network in Asia. Fast forward to today and Moonstake has several milestones to its name such as developing the most user-friendly wallets for both Web Wallet and Mobile Wallet (iOS and Android) that are compatible with more than 2,000 cryptocurrencies.

Having launched its full-scale operations in August 2020, Moonstake’s total staking assets now sit at a whopping $900 million with it cementing itself as one of the top 10 largest staking service providers the world over in just one year. Now, Moonstake aims to introduce staking support for IOST.

To refresh memory, IOST is an enterprise-level blockchain network developed for online service providers. The smart contract platform leverages the “Proof of Believability” consensus algorithm to process on-chain transactions that allow high transaction throughput speeds while simultaneously that all nodes stay compliant.

IOST Price Continues to Rise

Since its entrance into the budding DeFi and NFT landscapes, IOST has witnessed a staggering growth of more than 650 percent. Further, staking support from world-leading crypto exchanges such as Binance and Huobi has also added to the upward price trajectory of IOST.

Now, the collaboration with Moonstake promises to bring about a delightful staking experience for IOST investors on Moonstake Wallet.

Commenting on the development, Jimmy Zhong, CEO, IOST, noted:

“We’re pleased to collaborate with Moonstake, one of the world’s top 10 largest staking providers with user-friendly, secure, and highly powerful staking wallets. IOST is always looking to partner with reputable projects and so far, we are very much impressed with the market position Moonstake has achieved in just one year since launch. We look forward to increased adoption of IOST staking and the IOST network following the launch of IOST staking on Moonstake Wallet as well as further collaboration opportunities with the Moonstake team.”

Similar sentiments were echoed by Mitsuru Tezuka, Founder, Moonstake:

“We’re excited to partner with IOST, an esteemed leading blockchain platform, to enable the IOST staking for our investors on Moonstake Wallet. The demand for IOST staking has been on the rise on the market recently following the many great strategic achievements of the IOST network and we can’t wait to bring this much-requested feature to our users. Moonstake also looks forward to potential deeper collaboration opportunities in different fields of decentralized technology with the innovative experts at IOST.”

At press time, IOST trades at $0.065 with a market cap of over $1.4 billion, according to Related posts:

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IOST NFT Marketplace TOKENLINK Auctions Music NFTs

IOST’s NFT marketplace TOKENLINK is now auctioning the first audio track NFTs.

Audio Track NFTs Released on TOKENLINK

In an announcement made today, decentralized, high-performance smart contract platform IOST (IOST) stated that the Platinum Egg team has released the first audio track NFTs on the IOST NFT marketplace called TOKENLINK.

For the uninitiated, Platinum Egg is an application development firm specializing in games and entertainment that develops CROSSLINK and TOKENLINK. In addition, the company offers consulting services for blockchain implementation in the gaming domain.

Similarly, the NFT marketplace – TOKENLINK – aims to develop a mixed metaverse of games, blockchain, and cryptographic art by developing NFT avatar parts and in-game events by leveraging NFT music.

It is worth highlighting that this audio track can be used as a game item on the CrossLink game. Further, every time an owner sells the track to a new buyer, the audio creator would stand to earn 10 percent loyalty of the sale price.

Regarding the audio track, the announcement reads in part:

“The first music audio is “Burning castle” by KAYY, as a guitarist and composer of the band fu-ca. He made his major debut on Universal Music (Japan)-Delicious Deli Records. Since 2010, KAYY has been active as a composer and sound producer.”


“This is an equipment item with background music that includes Burning Castle. Once in your possession, you can set the background music from the settings screen. This item is a creator item. When buying and selling on Token Link, 10% of the sale price will be returned to the creator as revenue in addition to the normal commission.”

Users can check the TOKENLINK auction of the aforementioned NFT here.

IOST Committed to Expanding its NFT Ecosystem

Backed by major financial and VC firms such as Sequoia, Matrix, and ZhenFund, IOST is an enterprise-geared smart contract platform. As previously reported by BTCManager, IOST is pushing to expand its DeFi and NFT offerings this year.

In related news, BTCManager reported that Japanese manga artist Chihiro Tamaki is auctioning NFT digital art on the IOST-powered NFT marketplace TOKENLINK.

At press time, IOST trades at $0.061 with a market cap of more than $1.1 billion, according to data on CoinGecko.

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Rising DeFi TVL and Binance staking back 88% rally in IOST price

While the past year has been marked by the rise of decentralized finance, centralized entities like Coinbase and Binance continue to be some of the most important players in the industry as a whole as they are essential in attracting attention to promising projects and pave the way for wider adoption. 

One protocol that has benefitted from the ‘Binance bump’ over the past week is IOST, a fully-fledged decentralized blockchain ecosystem that utilizes a unique proof-of-believability consensus protocol.

Data from Cointelegraph Markets and TradingView shows that the price of IOST has rallied 88% over the past week, going from a low of $0.0484 on April 7 to a multi-year high of $0.0912 on April 14 on a record $2.48 billion in 24-hour trading volume.

IOST/USDT 4-hour chart. Source: TradingView

A scroll through the IOST Twitter feed shows that the recent momentum for the token was initiated by the April 12 announcement of an airdrop to users of the Citadel One mobile cryptocurrency wallet as a way to incentivize staking.

The airdrop announcement helped sparked a small rally in the price of IOST, but it was the subsequent announcement from Binance about a new “Spring Staking” event that offered a 27.49% APY on staked IOST that kicked off the double-digit price growth.

Following the announcement, trading volume for IOST increased 480% on the 24-hour chart and surged to a record-high $2.5 billion with $890 million in volume being transacted on Binance exchange.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for IOST on April 13, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. IOST price. Source: Cointelegraph Markets Pro

As seen in the cart above, the VORTECS™ Score for IOST first entered the green zone earlier in the week on April 8 and then again on April 12 when it climbed to a high of 71 roughly twelve hours before the price increased by 62%.

With a growing community and attractive staking options on both centralized exchanges like Binance and on decentralized finance platforms like Donnie Finance, IOST has the potential to see further upside as the cryptocurrency ecosystem continues to expand.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.