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Altair Crypto Network Explained

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It is no secret that cryptocurrencies have revolutionised the financial world. And now, we see more and more use cases of blockchain technology in the real world. This is why the decentralised finance (DeFi) industry is booming.

One such inventive project in the DeFi world is Altair crypto. It is a network that allows the financing of real-world assets through a decentralised blockchain, Centrifuge. Through Altair, you can tokenise any of your assets and can easily finance them.

If all these terms sound complex, this guide will break down the Altair network for you. Let’s get you started!

How does the Altair network work?

The Centrifuge has shaped the Altair crypto network, which works the same way Kusama works for Polkadot. Like Kusama, Altair is also set up on the Substrate blockchain framework for scalability. Altair can assist you in financing your assets, whether they are digital or real-world assets (RWA).

Altair works as a link between different ecosystems like Ethereum, Polkadot, and Kusama. That’s why it allows you to acquire financing from anywhere. To gain financing access, you must use a DApp, Tinlake. Currently, it is limited to only these ecosystems but has the scalability to link with more.

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What is Altair crypto token AIR?

The Altair network also has a native token called Altair crypto (AIR). It is an ERC20 token that you can use as a utility token within the network. You can easily buy Altair crypto through the Kraken or Gate.io exchanges.

Here are some advantages of holding AIR tokens:

● It facilitates transactions within the system.

● Gives you voting rights for the governance of the network.

● You can earn through its reward program.

● Ensures secure and transparent transactions while protecting identity.

Altair crypto price prediction

According to CoinMarketCap, the Altair crypto token’s current price is $0.01544. On the other hand, it might reach up to $0.037 by 2023 as per the data by PricePrediction.net. Moreover, even by 2025, the token is unlikely to go bullish and will only average around $0.083. Besides, the forecast by DigitalCoinPrice.com shows further slower growth of the coin. It suggests that AIR token price will only be worth $0.0663 by 2030.

Final Thoughts

Altair crypto is a utility token in the Altair network which assists in tokenising both; RWA and digital assets. Through Altair, you can get financing for your assets from Ethereum, Kusama, or Polkadot ecosystems. Though AIR facilitates all the network transactions, its price is currently only $0.01544. Nevertheless, it is a scalable network, so you can expect more blockchains to join Altair at a higher price in the future.

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Author: Wasay Ali

Author: Wasay Ali

I'm a content writer with adequate SEO knowledge. My hobby is to exercise, read and write. My writing experience currently expands to 2 years and I’ve worked on multiple niches, including finance. My versatility and research skills make me the best at what I do: content & SEO writing. I love writing because it pitches in and helps me learn new things daily.

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