A simple AstroSwap guide for beginners
AstroSwap is a decentralized exchange (DEX) built for the Cardano ecosystem. Launched in October 2021, it is a layer 2 DEX made on the Velas network, considered the fastest blockchain in the world.
AstroSwap’s link with the Velas network allows users to trade and swap Cardano tokens at faster speeds with lower fees. The project also features Galaxy Pools, where users can stake their tokens and earn and Space Lottery, where users can play and win amazing prizes.
ASTRO token is AstroSwap’s native token. Also launched in October 2021, the token started pretty well thanks to a successful IDO exclusive on ADAPad. Within a few hours of launch, ASTRO tokens hit a 21,000% ROI. They would continue to rise and hit a peak of 50,000% ROI within a few days after launch.
However, despite their great start, ASTRO tokens would begin to depreciate and end the year 2021, trading at $0.1345. For most of January 2022, the tokens would trade at $0.1, hitting $0.2 on a few good days. By the end of January, they were down, trading at $0.08137.
For most of March 2022, ASTRO tokens traded between $0.007 and $0.009. They picked up by the end of the month to close each worth $0.01206. The coins did drop again and have continued to trade below $0.01 as of writing.
According to Coinmarketcap, while ASTRO tokens show some price appreciation, they are currently worth $0.001905. They are ranked the 1575th largest cryptocurrencies by market cap.
ASTRO tokens have a max supply cap of 10,000,000,000 ASTRO coins. There are currently 428,462,821 ASTRO coins in public circulation. If you wish to invest in the tokens, they are available on AstroSwap, PancakeSwap, Gate.io, BKEX, and ZT. They are not listed in many crypto exchanges.
What sets AstroSwap Apart?
Several things enable AstroSwap to stand out as a worthwhile crypto project.
• Features: Swapz Bridge is a feature that allows users easily and quickly bridge tokens between networks with minimal fees. Other features include Galaxy Pools for staking and Space Lottery for awarding loyal users.
• High APY: Users can access ultra-high APYs not found anywhere within the crypto ecosystem. The High APY is possible thanks to the 45% of the total ASTRO token supply set aside for staking incentives.
• Partnerships: It has the backing of a few strategic partners, including ADAPad, WagyuSwap, Swaps, and Bluezilla, a veteran incubator firm.
AstroSwap’s road map also shows that bigger and better things are coming. The project seeks to continue to introduce DAO governance and voting rights, NFT collection, and lending and borrowing Protocols. The future seems bright for the project.
Author: Jay Jackson
Jay Jackson is a crypto trader, researcher and freelance writer. He works closely with people and businesses in the crypto sphere, writing blog posts, guides, press releases, reviews and ebooks.