STAKING

ASTR listed on Binance US as momentum for Web3 grows further

“Since closing our last funding round, led by US investors like Polychain and Coinbase, entering the US market has been a top priority.”

Astar Network, a smart contracts platform for multichain, is the latest blockchain project to have its native token listed on Binance US.

The ASTR token, paired against USD and USDT, will be available for US traders looking for exposure to Astar Network as it expands the smart contract ecosystem that is particularly popular in Japan, with a survey by Japan Blockchain Association placingAstar ahead of Ethereum, Solana, and Avalanche.

ASTR meets strict criteria for listing on Binance US

The listing on Binance US, a tightly regulated entity, is further proof that Astar Network means business. The US regulated exchange only considers assets that meet its Digital Asset Risk Assessment Framework, solve real-world problems, and are built using technology that is secure to transact and develop on.

ASTR, and a little more than 100 assets, have met these criteria in order to be listed. In addition, Astar Network’s native token will be the first asset from the Kusama and Polkadot ecosystems to have a listing on Binance US.

Sota Watanabe, founder and CEO of Astar Network, said: “We are very excited to officially enter the American market through Binance US. Since closing our last funding round, led by US investors like Polychain and Coinbase, entering the US market has been a top priority. Astar already has a strong presence in Asia, especially Japan, and now we have an opportunity to follow suit in the US with our localized team.”

Astar Network empowers developers with Build2Earn model

Astar Network helps developers build Apps with EVM and WASM smart contracts with cross-consensus messaging (XCM) and using a Build2Earn model empowering developers to get paid through a dApp staking mechanism for the code they write and dApps they build.

The network also features the Astar Space Labs that offers Incubation Hub for top TVL dApps to help developers accelerate growth on Polkadot and Kusama.

As momentum for Web3 grows further, especially among tech-first Asian countries, ASTR is placed to benefit from the potential economic boom. Astar Network CEO Sota Watanabe is set to become an adviser to Japanese giants GMO and Dentsu.

In the meantime, the network continues to enhance the blockchain interoperability, having recently connected to Moonbeam Network in order to support the launch of WASM projects and encourage developers to create unique use cases on Astar that leverage Polkadot’s XCM format.


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Traciwininger
Author: Traciwininger

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