ASTR listed on Binance US as momentum for Web3 continues to grow
“Since the close of our last funding round, led by US investors like Polychain and Coinbase, entering the US market has been a top priority.”
Astar Network, a smart contract platform for multi-chaining, is the latest blockchain project to have its native token listed on Binance US.
The ASTR token, paired with USD and USDT, will be available to US traders seeking exposure to the Astar network as it expands the smart contract ecosystem that is particularly popular in Japan, with investigation from the Japan Blockchain Association placing Astar ahead of Ethereum, Solana, and Avalanche.
ASTR meets strict criteria to be listed on Binance US
The listing on Binance US, a tightly regulated entity, is further proof that Astar Network is synonymous with business. The US-regulated exchange only considers assets that meet its digital asset risk assessment framework, address real-world issues, and are built using secure technology for trading and development.
ASTR, as well as just over 100 assets, have met these criteria to be referenced. Additionally, the native Astar Network token will be the first asset from the Kusama and Polkadot ecosystems to be listed on Binance US.
Sota Watanabe, Founder and CEO of Astar Network, said, “We are very excited to officially enter the US market via Binance US. Since the close of 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, particularly in Japan, and we now have the opportunity to do the same in the United States with our localized team.
Astar Network empowers developers with the Build2Earn model
Astar Network helps developers build apps with EVM and WASM smart contracts with Cross Consensus Messaging (XCM) and using a Build2Earn model allowing developers to get paid through a dApp staking mechanism for the code they write and the dApps they create.
The network also includes Astar Space Labs which offers an incubation hub for top TVL dApps to help developers accelerate growth on Polkadot and Kusama.
As Web3 momentum continues to grow, especially among tech-savvy Asian countries, ASTR is well positioned to benefit from the potential economic boom. Astar Network CEO Sota Watanabe is set to become an adviser to Japanese giants GMO and Dentsu.
In the meantime, the network continues to improve blockchain interoperability, having recently connected to the Moonbeam network to support the launch of WASM projects and encourage developers to create unique use cases on Astar. which use Polkadot’s XCM format.