AstroSwap Just Launched, Is Another 300X on the Cards?

AstroSwap, an ambitious DEX on the high-throughput Velas blockchain, just deployed today, and with memories of the last 300x, we’re gonna dive in to see if another moon is right at our doorstep.

ASTRO Surged 300X in early Q4 2021

Ahead of the highly anticipated mainnet launch, the broader DeFi community is keeping a close eye on the high-power and already popular projects. After a successful IDO on ADAPad in early October 2021, ASTRO, the native token of AstroSwap, has been surpassing expectations, outpacing Bitcoin, ETH, and the broader cryptocurrency market.

For instance, a few days after listing, ASTRO prices rose over 33,000 percent, drawing traders’ and investors’ attention across the globe. The same trend spilled over to 2022 when, despite the immense selling pressure in the broader cryptocurrency market, ASTRO is still in green. Statistics in early January 2022 indicate that ASTRO prices rose double-digits when crypto prices fell five percent under the weight of sellers.

At even lower prices, ASTRO can be amassed with confidence that token prices could rise several folds in a few days after launching. Therefore, investors are drilling in to find an opportunity, considering the solid base of AstroSwap in the wake of their launch.

Why AstroSwap is Miles Ahead of Competition

AstroSwap is incubated by BlueZilla. BlueZilla’s track record and factoring in the success of other incubated projects is a vote of confidence that AstroSwap is set for greatness to become a go-to swapping platform in the sphere. 

Combining the above support systems and the DEX’s launching on Velas gives it an early lead over competing protocols. For perspective, Velas is interoperable, secure, and equally ambitious. 

The base layer is decentralized and highly scalable, capable of posting a transaction processing speed of 75k tps. This is over 10,000X faster than Bitcoin when operating at optimum conditions. At the same time, it is 5,000X faster than Ethereum at peaks. Factoring in the network’s processing speed alone as distinguishing criteria translate to a smooth user experience and lower fees.

With a secured base, AstroSwap has other attractive features, including:

– Assigning 4.5 billion ASTRO to their staking reserves while concurrently offering its users ultra-high APYs.

– Refunds of transaction fees for token swappers in VLX (Velas).

– Bridging to other blockchains allows users to send tokens from other networks faster and efficiently.

– The integration of MetaMask. The web browser wallet has over 10 million users, on average, every most. Curiously, most of them are DeFi-savvy and are interested in retaining control of their assets while also being flexible, shifting conveniently between protocols across chains.

– Supporting Velas (VLX) and Cardano (ADA) and allowing users to pay the expected negligibly low transaction fees. This flexibility encourages holders to hold various assets depending on their preference, an advantage that’s unique to AstroSwap alone.

– Introduction of a lottery system in Q2 2022 and support of yield farming and an aggressive auto-liquidity locking system for its users. Users stand to earn more rewards through these channels, diversifying income streams.

AstroSwap Developers are Confident. Here’s Why

After activating smart contracting capability in September 2021, Cardano is fast-gaining traction. AstroSwap plans –in the future, once Cardano’s DeFi ecosystem is developed– to deploy on what’s easily a thoroughly developed blockchain. 

On listing, AstroSwap will support all leading Cardano native tokens, offering an unparalleled user experience. From a simple and easy-to-use interface, traders would swap tokens in seconds.

Cardano’s integration is a factor. However, the real bargain is launching on Velas and what the chain’s developers have done in the past few months. 

Already, Velas has a partnership deal with Ferrari, which will see Velas’ logo displayed in their racing car. At the same time, their partnership with SpaceChain led to the deployment of a light node in space from SpaceX’s Falcon 9 rocket. The mission is to ensure security and sustain the high-quality standards of the blockchain. Moreover, by joining hands with the Path Network, Velas is secured against DDoS attacks, which have already questioned the reliability of Solana—Velas’ competing chain.

ASTRO Is an Irresistible Deal

With technical support from WagyuSwap, incubation from BlueZilla, and other high-profile partnerships already struck by Velas, AstroSwap is already a bright star. At the same time, the DEX’s constant engagement with its growing community through AMAs and more helps in their cause, bringing ASTRO to the fore. These converge to make AstroSwap a true force and ASTRO an undervalued token that could easily rocket to new highs.