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imToken Selects InfStones as Staking Infrastructure Provider for In-Wallet ETH2.0 Staking
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imToken Selects InfStones as Staking Infrastructure Provider for In-Wallet ETH2.0 Staking
May 05,2021|Clients
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imToken Launches In-Wallet ETH2.0 Staking in Partnership with InfStones

InfStones, the world’s largest blockchain infrastructure provider for digital tokens and cryptocurrencies, has partnered with imToken, one of the world’s most popular Ethereum digital asset wallet widely serving over 10 millions crypto users, to provide support for in-wallet Eth2 staking services.

As part of the collaboration, imToken users can now stake ETH for Eth2 directly in their mobile wallet to earn ETH rewards. An Eth2 validator node will be established by InfStones for every 32 ETH that has been staked. The imToken users can confirm the status, balance, performance, and profitability of the validator in their mobile wallet at any time, independently participating in the maintenance of the Eth2 network, offering roughly 8.5% interest generated from stable returns, which will be much higher than many other traditional, fixed rate of return investments.

Despite an early surge of Eth2 validators, staking activity on Eth2 has slowed, in part due tovery high operational standards that many validators simply cannot meet. In fact, the validator waiting queue has been 0 for a long time, indicating that the number of new validators is much lower than it had been earlier in the year. However, what imToken and InfStones’ in-wallet staking offers is easy-to-use, professional-grade staking services, providing the community with safe and convenient access.

This new service represents one of the first and certainly the most robust in-wallet ETH staking offerings from a user-friendly digital asset wallet. InfStones will bring the same level of node management and infrastructure support services they already bring to some of the biggest names in the blockchain and cryptocurrency industry, including Binance, BitGo and Circle, among many others.

Through this partnership, InfStones will provide support for validator nodes created by all imToken wallet users, and assumes responsibility for their stable operation.

“We are very pleased to be partnering with InfStones to bring this option to our wallet users,” says imToken Founder and Chief Executive Officer, Ben He. “They are a great infrastructure provider that brings the 32ETH staking-as-a-service feature, with a long track record of safety and professionalism.”

InfStones’ offering will differ from other custodial solutions commonly used by other wallets and exchanges in the market by giving the user complete control over their investments without any interference from the provider. InfStones will maintain the validator nodes, but the user will retain full control over their holdings. All ETH rewards generated by staking will enter the user’s wallet directly, with no intermediaries.

“InfStones is dedicated to bringing down traditional barriers, our partnership with imToken will provide users more access allowing clients to stake ETH for Eth2 directly,” says InfStones Founder and Chief Executive Officer, Zhenwu Shi. “This is a great practice, allowing millions of users to directly use enterprise-level infrastructure services. The combination of imToken’s superior key management tools and InfStones’ unparalleled infrastructure services is the best Eth2 staking solution in the market to date.”

About imToken:

Founded in 2016, imToken is a decentralized digital wallet used to manage and safeguard a wide range of blockchain- and token-based assets, identities and data. imToken has served millions of users and exchanges billions of dollars in value across more than 150 countries around the world. While users come from throughout the world, the company headquarters are in Singapore with offices in Hangzhou, Taiwan and the U.S. imToken allows its users to manage assets on 12 mainstream blockchains, as well as seamlessly connect with DApps via a decentralized applications browser. Learn more about imToken here:

https://token.im/

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About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.

InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.

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