Moonstake Wallet Officially Announces Staking Support For Polkadot (DOT).

[Malam90]

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.)

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