AstroSwap (ASTRO) Introduces Multi-Chain DeFi Ecosystem

AstroSwap (ASTRO) Introduces Multi-Chain DeFi Ecosystem

2022-01-29 | Daniel Smith

AstroSwap (ASTRO) Introduces Multi-Chain DeFi Ecosystem

AstroSwap, a new decentralized cryptocurrency exchange, is set to become live on the Cardano (ADA) blockchain. Its primary indigenous asset, ASTRO, is currently traded on major CEXs and DEXs. AstroSwap DEX is now available on Cardano.

Per an authorized declaration given by AstroSwap executives, its mainnet activities have just recently begun. It launches a Velas-based rebate scheme in addition to offering consumers lightning-fast cryptocurrency exchanges choices.

The originator of any exchange permitted on AstroSwap platforms will get VLX incentives equal to 100 percent of transaction costs. This feature is intended to render AstroSwap trading better resource-efficient.

AstraSwap's primary token, ASTRO, surged 200x after its highly awaited initial decentralized exchange offering (IDO) on the ADAPad launchpad. Even the negative reversal in January 2022 has not been able to halt this climb.

The ASTRO surge has been fueled by a variety of novel features developed by AstroSwap (ASTRO) in an attempt to establish itself as a next-generation Defi for various blockchains.

Development to Solana (SOL) is planned

The AstroSwap team dedicated a significant portion of its net supply (45% of 10 billion ASTRO) to staking pool reserves. As a result, it is readily able to sustain unrivaled APY for all staking products.

Originally released on Velas (VLX), the AstroSwap platform has expanded to Cardano (ADA) and plans to install its architecture on Solana (SOL), the most touted smart contracts platform in 2021.

Furthermore, because it is fully compatible with Ethereum (ETH) and EVM, it can simply enroll customers of Metamask, the most prominent wallet in the Web3 market.

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