Binance listed ASTR on its platform. What about CHC token?

Binance listed ASTR on its platform. What about the CHC token?

Binance announced today that it would list Astar in the Innovation Zone. The exchange will also open trading for ASTR/USDT and ASTR/BUSD trading pairs. Astar Network is a scalable and interoperable infrastructure created for Web3.0. ASTR token will be the key token of the project. The team has built Astar Network with Parity’s Substrate framework. Thanks to that, this platform may become a future Polkadot parachain that will also act as a scalable smart contract platform.

Currently, the Polkadot Relaychain does not support smart contracts. That is by design. However, Astar saw the opportunity to fill in this gap. After all, scalability is one of the most crucial demands dApp developers have. Ideally, the developers will be able to build any type of application on Astar Network without having to consider its scalability.

Moreover, this project is an open-source one. It will offer a lot of opportunities to get involved in its ecosystem. The company’s mission is to provide a scalable, interoperable, and decentralized application platform. The latter will define and realize the new form of the web: Web3.0.

The traditional social structure enables people with authority to monopolize information. History has proven that such people will bend the rules to their benefit. Even if they claim that their system is fair, it still lacks transparency. That proves that everything is still conceived upon pillars of sand called trust.

On the other hand, blockchain provides a decentralized system that does not require a single point of failure. It is a transparent and trustless system, instead. That is possible because blockchain is a system that allows anyone to view, use and host with a highly fault-tolerant consensus mechanism. ‌

 

What does Astar Network offer? 

The team pointed out that for end-users to fully utilize the blockchain protocol’s strengths, there must be an application that provides an interface to them. Applications that work on top of blockchains are well-known as Decentralized Applications (dApps). Users develop countless dApps in the form of smart contracts and chain codes that are deployed on a blockchain. These apps provide utility for various people. However, due to the decentralized nature of dApps, the processing speed is quite slow. Astar Network implemented some features to solve this issue.

The team started working on Plasm Network back in 2019. Since then, it has delivered many technical advancements and products in the Polkadot ecosystem. Despite that, the company is still at the very early stage of achieving the Web 3.0 vision.

One of the team’s achievements is that it has delivered 4 Web3 Foundation grants out of 7 total grants that it received. The team members noted that receiving a grant and delivering a grant are two different things. Usually, delivering a grant is much more challenging than receiving it.

Users may ask why the company is implementing Rollups on Polkadot as Polkadot itself is already a scaling solution. Even though Polkadot provides scalability for blockchains in general, there’s a difference, as Plasm Network is the layer 1 platform for smart contracts that includes Rollups solutions.

The company believes that many Ethereum projects will use Rollups in the coming months since Ethereum2.0 will take some time to complete. The projects that use Rollups will be able to migrate from Ethereum to Astar Network. They will also be able to make a multi-chain application without compromising their Rollups contracts on Ethereum.

 

The company is working on various grants even now

Astar Network has already delivered several grants, including the Plasma module on Substrate, ink! Playground grant, and ECDSA implementation grant. The company is currently working on an Optimistic Virtual Machine grant, ECDSA for hardware wallet grant, and ZK Rollups and Plonk grant.

Furthermore, this network is a Polkadot Parachain candidate that acts as a dApps hub. The latter supports multi virtual machines and layer 2 scaling solutions. The team has achieved various goals in preparation for Astar Network becoming a parachain on Polkadot. It became the first Polkadot testnet Parachain, completed the first-ever cross-chain message transaction on Polkadot testnet with Acala’s testnet parachain, deployed the first WASM smart contracts on Polkadot testnet, and added Ethereum Virtual Machine support to the Plasm Network testnet parachain on Rococo.

 

What is Cherish (CHC), and what does it offer? 

Cherish is a truly decentralized application. The team designed it for content creation. This app runs on Cherry Network; a blockchain specialized in decentralized file storage. CHC is the platform’s native utility token. Its holders can use CHC to support artists and creators by tipping or subscribing to their feed for exclusive content. They can also mint and trade NFTs or participate in the platform’s governance.

Moreover, Cherish has many advantages over other social media platforms. But the biggest advantage is that it runs on Cherry Network. This platform offers 100,000+ transactions per second, infinite scalability, and microsecond latency. It also boasts Inter-Planetary File System. The latter enables users to store and distribute large amounts of data while keeping content private and secure. And there are also zk-SNARKs: advanced cryptography for private and lightweight data transmission between parties.

The total supply of Cherish Coins is 50 million tokens. The company plans to launch the ICO sale on March 2, 2022. However, only 500,000 CHC will be available for purchase. The price will be $0.300000 during the initial coin offering. The team aims to raise $150,000 with the sale, and it will accept BUSD in exchange.

 

The WohpeDAO’s ICO will also start soon

WohpeDAO is a cross-border organization. This project has no political leanings. Holders of $PEACE governance tokens govern this ecosystem. The team organized it to support war-torn communities and civilians. The project’s primary purpose is clear and powerful: it aims to motivate a robust solidarity network and endure to promote peace.

The team announced that portions of all the transaction taxes would constitute the charity funds. Moreover, the $PEACE holders will help volunteer battalions participating in the military actions, as well as families of refugees through presenting proposals and votes.

The company will launch its native token PEACE, on March 2, 2022. 55,000,000 PEACE will be available for purchase for the price of $0.006700 during the initial coin offering.

 

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