1) In today's market it's increasingly difficult to select high quality cryptocurrencies.
As such we need to search for the best fundamentals.
What is $ASTR and why did it dethrone #ethereum and #bnb in Japan?
π§΅π
#AstarNetwork #Astar #Astr
As such we need to search for the best fundamentals.
What is $ASTR and why did it dethrone #ethereum and #bnb in Japan?
π§΅π
#AstarNetwork #Astar #Astr
2) $ASTR is the most popular Layer-1 chain in Japan.
This is a very curious and notable feat since Japan has REALLY tough listing regulations.
It goes even beyond this as #AstarNetwork is officially registered as a cryptocurrency in Japan and not a security.
This is a very curious and notable feat since Japan has REALLY tough listing regulations.
It goes even beyond this as #AstarNetwork is officially registered as a cryptocurrency in Japan and not a security.
3) It's even working closely with the Japanese government.
What is this cryptocurrency all about and why did it win "product of the year" in Japan?
What is this cryptocurrency all about and why did it win "product of the year" in Japan?
4) #AstarNetwork is a scalable decentralized blockchain for the next big Web3 innovations.
It provides the infrastructure for building dApps with EVM and WASM smart contracts.
Not only that but also makes them interopable with each other!
It provides the infrastructure for building dApps with EVM and WASM smart contracts.
Not only that but also makes them interopable with each other!
5) This is no small feat since most blockchains only use 1 instead of the other.
EVM is the original we all know and love but is limited in its current state by:
β’ Low performance
β’ Limited language support
β’ Mainly used by ethereum devs
BUT is super popular.
EVM is the original we all know and love but is limited in its current state by:
β’ Low performance
β’ Limited language support
β’ Mainly used by ethereum devs
BUT is super popular.
6) The reason why new blockchains can't live without EVM is because most developers already use it.
As such #bnb, #polygon, #avalanche, #polkadot, #Arbitrum and more use it.
WASM however has higher performance and more smart contract languages BUT not the same adoption (yet).
As such #bnb, #polygon, #avalanche, #polkadot, #Arbitrum and more use it.
WASM however has higher performance and more smart contract languages BUT not the same adoption (yet).
7) #AstarNetwork offers true interoperability between these with cross-consensus messaging (XCM) and a cross-virtual machine (XVM).
$ASTR also has a unique #Build2Earn model that empowers developers to get paid through a dApp staking mechanism.
$ASTR also has a unique #Build2Earn model that empowers developers to get paid through a dApp staking mechanism.
8) #AstarNetwork aims to be the gateway in the multichain era.
It runs in concert with #Ethereum, #Polkadot, #Cosmos, and more.
It allows for the free flow of assets and communications between multiple ecosystems.
It runs in concert with #Ethereum, #Polkadot, #Cosmos, and more.
It allows for the free flow of assets and communications between multiple ecosystems.
9) It correctly hosts more than 50+ dApps and a community with more than 500k members.
No wonder it won the "product of the year" award at #JBA.
β© JBA is Japanβs largest blockchain association, with 171 companies as members.
No wonder it won the "product of the year" award at #JBA.
β© JBA is Japanβs largest blockchain association, with 171 companies as members.
10) It's the first public blockchain listed in Japan.
On top of this award, it's CEO "Sota Wanabe" also won the award for "person of the year" for the SECOND time in a row.
They won this by emerging as favourites voted by the Japanese Web3 community.
On top of this award, it's CEO "Sota Wanabe" also won the award for "person of the year" for the SECOND time in a row.
They won this by emerging as favourites voted by the Japanese Web3 community.
11) #ASTAR TOKENOMICS
$ASTR is the utility token for Astar Network that has 3 primary functions.
β’ dApp Staking
β’ Transactions
β’ On-chain Governance
The current total supply is 7.6 billion with 50% already in circulation.
$ASTR is the utility token for Astar Network that has 3 primary functions.
β’ dApp Staking
β’ Transactions
β’ On-chain Governance
The current total supply is 7.6 billion with 50% already in circulation.
12) There's a yearly inflation mechanism to reward stakers and validators.
If you hold and stake $ASTR you basically ignore the inflation since your holdings are keeping up with the increase.
While often seen as negative it's necessary to incentivize validators.
If you hold and stake $ASTR you basically ignore the inflation since your holdings are keeping up with the increase.
While often seen as negative it's necessary to incentivize validators.
13) CONCLUSION
#AstarNetwork is a very promising blockchain which to my surprise I only stumbled on since this week.
I have a very specific list of favorite projects for multiple reasons.
While I like many more, not often do I add a project to the list of favorites.
#AstarNetwork is a very promising blockchain which to my surprise I only stumbled on since this week.
I have a very specific list of favorite projects for multiple reasons.
While I like many more, not often do I add a project to the list of favorites.
14) I see the year 2023 as the year of accumulation and "position taking" in this stage of the market cycle.
Keeping $ASTR on my radar this year will be one of my priorities.
Nova out β€οΈ
Keeping $ASTR on my radar this year will be one of my priorities.
Nova out β€οΈ
15) If you want to keep up to date to most of my content give me a follow @CryptoGirlNova.
Would love the support if you could like and retweet the first tweet. Thank you πβ€οΈ
First tweet π
Would love the support if you could like and retweet the first tweet. Thank you πβ€οΈ
First tweet π
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