What is Astroport (ASTRO)? Detailed Information About ASTRO Token

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2021-09-14 15:29:04

Astroport is one of the first AMMs of the Terra ecosystem. So what is the special point of Astroprot? What is the project’s ASTRO token? How to store, buy and sell ASTRO? This article will help you answer these questions.

What is Astroport?

Astroport is a decentralized exchange following the automatic market-making mechanism (AMM) on the Terra ecosystem. The project is seen as a more complete version of Terraswap – a simple AMM also in Terra. Astroport is supported by Dephi Digital – one of the most experienced investors in the AMM field.

Astroport website: http://astroport.fi/

Astroport Highlights

If you follow the Terra Panorama numbers, it will be easy to see that only Terraswap is an active AMM in Terra. But Terraswap is tokenless, so Astroport is one of the first tokenized AMMs in Terra.

Instead of fork Uniswap, Astroport combines 3 types of Pool of Uniswap v2, Curve and Balancer. This helps users who trade or provide liquidity to find the right Pool for them. Those Pools are:

  • Constant Product Pools.
  • Stableswap Invariant Pools.
  • Liquidity Bootstrapping (LBP) Pools.

Not only can you Swap in Astroport, but you can also participate in activities related to Lending and Synthetic, as Astroport has integration with Anchor Protocol and Mirror Protocol.

Astroport not only combines the advantages of today’s famous AMMs, but also inherits the tokenomics of Sushiswap and Curve with the xASTRO model – ASTRO key to participate in administration.

With the Constant Product Pool, 0.2% of the fee will be divided by LP, 0.1% will be divided by Astral Assembly (the name of Astroport DAO), used to buy ASTRO divided by xASTRO and vxASTRO.

With Stableswap Invariant Pool, 0.025% fee will be divided by LP, 0.025% will be divided by Astral Assembly as above.

Astroport Token Information (ASTRO)

Key Metrics ASTRO

  • Token Name: ASTRO Token
  • Ticker: ASTRO
  • Blockchain: ERC-20
  • Token Standard: Updating…
  • Contract: Updating…
  • Token Type: Utility, Governance.
  • Total Supply: Updating…
  • Circulating Supply: Updating…

ASTRO Token Allocation

  • Lps: 55%
  • Astroport Joint Venture: 30%
  • Community Reserve: 10%
  • Airdrop: 5%
Distribution ASTROPORT

ASTRO Token Sale

Updating…

ASTRO Token Release Schedule

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ASTRO Token Use Case

ASTRO will use xASTRO (like xSUSHI) and vxASTRO (like veCRV) models:

  • When Stake ASTRO to receive xASTRO, you will receive transaction fees (in the form of ASTRO) and admin rights.
  • When you Stake xASTRO to receive vxASTRO, you will receive more transaction fees (in the form of ASTRO), and admin rights. The longer you lock, the more vxASTRO you will receive, equivalent to a large Voting Power. See more about veCRV here.

How to earn and own ASTRO Token

You can buy ASTRO after being listed on the exchange.

ASTRO Token exchange & storage wallet

ASTRO storage wallet

ASTRO is a CW-20 token, so it will be stored on CHK Wallet. Details will be updated later.

Exchange ASTRO

ASTRO is a CW-20 token, so it can be traded on TerraSwap.

Roadmaps & Updates

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Project team, investors & partners

Project team

There is no information about the members, but it is known that the team works with Terraform Labs – the team behind Terra

Investors

Astroport is invested by Delphi Digital and IDEO CoLab Ventures

Partner

Updating…

Similar projects

TerraSwap: AMM allows assets related to the Terra ecosystem to be traded on-chain decentralized easily with each other. Trading pairs are created between native Terra tokens (Luna, UST, KRT, etc.) and CW20 tokens (user-defined tokens).

summary

Thus, I have provided you with the latest information about Astroport and the project’s ASTRO token. What do you think about the future and development potential of ASTRO token? Please comment below to discuss with CHK!

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