AstroSwap, a superbly designed, interoperable DEX was just launched today, January 28, 2022. In a January 20 press release, the highly anticipated activation comes ahead of a period of unprecedented performance for its native currency, ASTRO.
ASTRO roared 210X in early November 2021
According to trackers, ASTRO has been defying gravity since its listing, outperforming BTC and ETH by multiple times. After completing its initial decentralized exchange offering (IDO) on ADApad, the token soared 210X in the first few days of trading.
ASTRO maintains an upward trajectory, outperforming other digital assets despite a suppressed cryptocurrency market. By the end of the first week of January, the ASTRO token was up 20%, skyrocketing as the broader crypto market fell around 4%.
For its outstanding performance, ASTRO received a bullish outlook of InvestorsObserver after analyzing its price movement and trading volumes in the first five days of the year.
The excitement surrounding the launch of AstroSwap on the mainnet is palpable. More importantly, investors and the wider DeFi community are ready to exploit the goodies presented on the table. The interoperable DEX is set to take DeFi by storm, bringing irresistible trading opportunities to global users at the best possible rates.
The DEX would enable quick and inexpensive exchange of tokens supported on the launch platform, as traders would get the most out of a technology developed by the WagyuSwap team.
On the table, AstroSwap will offer ultra-high APYs to participants. DEX Developers then allocated 45% of ASTRO’s 10 billion to staking reserves. Other notable features besides yield farming in the AstroSwap DEX include:
- Interoperability bridges. From these links, users can send tokens cheaply and instantly.
- The exchange plans to integrate MetaMask. The web browser wallet is adaptable and independent of the blockchain. It can connect to most EVM-enabled blockchains like Binance Smart Chain (BSC), Harmony, and more. As of August 2021, MetaMask had over 10 million active users, making it the largest non-custodial wallet in the world.
- AstroSwap supports Cardano (ADA) and Velas (VLX). These will be the base tokens needed to pay the on-chain fee.
- Automatic liquidity locking and a lottery system are expected to launch in the first quarter of 2022.
AstroSwap Hosting Partnership with Ferrari
These features are only possible because AstroSwap is launched from the highly scalable and inexpensive Velas blockchain. The network boasts of transaction processing speeds exceeding 75,000, making it one of the fastest in the sphere.
Especially with technical support from BlueZilla, AstroSwap has a symbiotic partnership with Velas and WagyuSwap, which makes the DEX exceptional and would easily become the biggest in the sphere.
Velas, which hosts AstroSwap, has previously partnered with SpaceChain and sent a lightweight node into space on SpaceX’s Falcon 9 rocket. The objective is to reinforce the safety of the chain and to increase the quality standards.
At the same time, they have partnered with Ferrari to see their brand plastered on giant Formula 1 racing cars. ASTRO.
Diversify in Cardano
Given the interoperability of the Velas blockchain from which AstroSwap is rolling out, the DEX plans to branch out into Cardano to provide cutting-edge DeFi products. The DEX will launch on Cardano using the Swapz Bridge allowing the exchange to operate as Layer 2 without losing its EVM compatibility and multi-coin support.
Cardano has made a name for itself as the most innovative blockchain in the world. Despite Cardano’s offer, the launch of what was billed as the first DEX was messy and characterized by delayed transactions spanning hours. Launching AstroSwap fixes these issues.
Later, AstroSwap will also launch on Solana, opening up more opportunities for traders and ASTRO holders, and in the meantime, AstroSwap will refund all transaction fees incurred by users in VLX, returned directly to holders. Cared for.
Why AstroSwap is a cut above the rest
For what AstroSwap plans to deliver, it’s clear why its mainnet launch dominates DeFi. AstroSwap has a vibrant community, is supported by BlueZilla, and its developers are open, constantly engaging the community through AMAs. They also hold regular contests where users can win ASTRO prizes. All of this makes ASTRO a solid buy, explaining the confidence of holders.