The native token of Astar Network, the future smart contracts solution for multichain, has been listed on Binance US. The licensed US exchange will begin accepting ASTR deposits on September 13 at 8:00 AM EDT, with the market going online at the same time on September 14. The listing of ASTR will provide traders in the United States with access to Astar Network while also contributing to the accessibility of Astar Network’s smart contract ecosystem to a global audience. Additionally, it will increase the liquidity of ASTR markets.
The cryptocurrency will be paired with USD and USDT when trading on Binance US begins at 8:00 AM EDT. Astar Network enables real interoperability for developers by providing cross-consensus communications and provides support for the development of decentralized applications (dApps) using EVM and WASM smart contracts (XCM). It is developed by and for developers. Astar’s innovative Build2Earn approach enables developers to be compensated for the code they write and dApps they construct through a dApp staking process.
All of the main exchanges and Tier 1 venture capital firms have shown their support for Astar’s thriving ecosystem, which has led to it becoming Polkadot’s leading Parachain internationally. Astar provides developers with the versatility of all Ethereum and WASM toolings, allowing them to get a head start on developing dApps. In addition, Astar Space Labs provides an Incubation Hub for leading TVL dApps in order to expedite growth on Polkadot and Kusama Networks.
Tapping Into The Tech Savvy Asian Market
In addition to gaining headway in the United States market, Astar has been working to increase its foothold in the Asian market. The initiative is especially popular in Japan, where Astar topped a survey conducted by the country’s premier blockchain group. In a survey conducted by the Japan Blockchain Association, Astar was ranked higher than Ethereum, Solana, and Avalanche.
Several of Asia’s most technologically advanced nations have begun to embrace Web3, a development that has the potential to spark a new economic boom. During a recent visit to Japan, Astar Network Founder and CEO Sota Watanabe met with city officials to discuss Web3 applications. He will also advise GMO, one of Japan’s major online companies, and Dentsu, the country’s largest advertising agency.
The cryptocurrency industry in the United States is highly regulated, similar to Japan’s, which requires exchanges to only list tokens that are compliant with stringent standards. On its US platform, only a minority of the tokens listed on Binance’s worldwide exchange are accessible. The ASTR cryptocurrency has reached this milestone following its listing on Binance US.
First Asset From The Kusama And Polkadot Ecosystems On Binance US
Binance US only evaluates assets that comply with its Digital Asset Risk Assessment Framework, address real-world problems, and are based on transaction- and development-safe technology. To this day, little more than one hundred assets have been reported as having satisfied these requirements. ASTR will be the first asset to be listed on Binance US from the Kusama and Polkadot ecosystems.
Astar recently connected to Moonbeam Network as a step in the direction of enhancing the interoperability of blockchain technology. The integration will be used to facilitate the launch of WASM projects and will encourage developers to construct one-of-a-kind use cases on Astar that take advantage of Polkadot’s strong XCM format.
According to Sota Watanabe: “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.”
