Cointime

Download App
iOS & Android

Astarter, a Smart Contract System on the Cardano Blockchain Helping You Earn $AA & $ADA

Cointime Official

Do you wish to earn more returns while securely holding ADA? Do you want a more secure and speedy trading platform with lower transaction costs? Do you want to realize the possibility of purchasing and migrating assets among blockchains? If you are a developer, do you need a convenient platform to raise or exchange funds?

In this article, you can learn more about Astarter and how to get "started" through staking ADA with the projects stake pool today.

Astarter is a smart contract system on the Cardano blockchain. At the core of Astarter is an Automated Market Maker (AMM) protocol designed to leverage greater security and smart contract cost predictability features of a Cardano next-level DeFi application deployment supporting liquidity and interoperability with multi-source verifiable price oracles.

4 Key product features implemented by Astarter

1.Launchpad (ISPO&IDO)

Astarter developed based on Cardano it provides a comprehensive blockchain platform for launchpad/DEX, etc., DeFi functions all in one. Start-ups and decentralized projects can raise/exchange funds on Astarter's interoperable and decentralized infrastructure. This technology can also have other applications, including password-protected closed over-the-counter transactions, discount sales of white-listed addresses, and even crowdfunding in the future.

An Initial Stake Pool Offering (ISPO) is a new way for investors and the communities to support Astarter using the Cardano blockchain. Through Astarter ISPO users can delegate their ADA to the public Astarter stake pools. This ensures that users keep their ADA safe in their own wallet, but are rewarded with Astarter Tokens (AA) based on the quantity of ADA staked and the duration for users' stake with the Astarter stake pool.

Astarter launched its first stage ISPO at the end of September 2022 (Epoch 366), enabling staking ADA to Astarter AA1 stake pool to earn an assignment of AA tokens. Now Astarter ISPO has entered the transition phase from Stage One ISPO by 1st Mar(Epoch 397). Staking with AA1 stake pool to earn increased AA and ADA rewards to prepare for Stage Two ISPO (Merge Staking Protocol).

During the transition phase, Astarter increases its rewards with an incentive consisting of three incremental tiers (as shown in the figure below) to take users into the launch of the Merge Staking Protocol .

Delegators earn extra bonus rewards if they stake ADA to AA1 stake pool during the transition phase into Stage Two ISPO. The full details of the bonus are expected to be announced very soon. To earn AA and ADA during the transition phase, simply stake Cardano ADA to AA1 stake pool and watch the rewards pile up!

Initial DEX Offering (IDO) mechanism is a fundraising component of Astarter Launchpad that manages the automation of initial token offerings for Launchpad projects. Projects launching an IDO can benefit from token liquidity and instant trading on Astarter’s ADEX.

Here are three core points of Astarter:

a)Astarter core feature--fixed exchange pool

In future beta versions, users can explore and participate in multiple token pools. These will be fixed exchange pools in which two or more parties exchange a fixed amount of tokens at a predetermined price. 

The fixed exchange pools can solve one of the biggest problems of automated decentralized transactions like Uniswap, and make Astarter Swap suitable for not only daily spot trading but also token sales.

b)Astarter core function--liquidity mining

Astarter Tech Service DAO framework interacts with the Launchpad to enable community voting on preferences relating to projects which may include project ratings, token listing on ADEX and other features. In a broader context, potential for a fund matching mechanism exists as project fundraising paths develop.

c)Astarter core application--private pool & white-lists

Astarter will introduce functions such as password protection pool and address white-listing for participating in the transaction pool to make sure that it can be used for private fundraising and over-the-counter transactions.

The Launchpad Open Beta Testnet has gone live by 25th May 2022. The goal of the first beta version is to make Cardano's Mainnet assets and token pool reach a viable and usable, fixed exchange platform, creating a market for connection pool creators and liquidity providers.

2.Astarter DEX (ADEX)

Decentralized Exchange(DEX) is a comprehensive decentralized trading platform, including trading, wallets, price feed transactions, market displays, and decentralized lending.

Astarter can use ADA, stable assets, or LP-defined Assets as the currency pair. ADA as the currency strengthens liquidity.

Astarter swaps offer a convenient method for users to buy asset A with asset B by adopting a feature that allows users to receive and use assets prior to payment. This feature can alleviate the closing of collateralized positions.

3.Money Market

Astarter Money Market consists of lending and borrowing contracts to automate yield generating lending and collateralized borrowing.

4.Tech Service

Astarter Tech Service is an oracle machine essentially concerned with bridging functions that accommodate variable-source price data requirements, governance, and token voting DAO features that interoperate with the other layers. The oracle machine tracks the prices of assets in relevant markets to compute approximate prices. Reliable approximations of asset prices function to limit and prevent manipulation attacks using market price mechanisms based on contract interactions weighted per block over time.

The Astarter smart contract system incorporates proven standard formula within an advanced functional design. The modular system architecture prioritizes security while maintaining a balance of new features to maximize flexibility for a positive decentralized application experience.

Core Members

Destiny (Astarter Operations)

Jon  (Astarter Community & Marketing Lead)

Whitney (Astarter Business Development)

Social links

Website: https://www.astarter.io/ 

White paper: https://astarter-1.gitbook.io/welcome-to-astarter/technical-paper/abstract

Twitter:https://twitter.com/AstarterDefiHub

Medium:https://medium.com/@AstarterDefiHub

You Tube: https://www.youtube.com/channel/UCvgyIH-AhzehGy5DYDoL9jw

Comments

All Comments

Recommended for you

  • Anthropic's Secondary Market Valuation Reaches $1 Trillion, Surpassing OpenAI

    On April 23, Anthropic's valuation on private equity trading platforms like Forge Global has risen to around $1 trillion, surpassing OpenAI's $880 billion. It is reported that the valuation of this artificial intelligence startup has rapidly increased due to buyers competing to purchase the increasingly scarce secondary market shares of Anthropic. (Dongxin News Agency)

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,000.81, with a 24-hour decline of 0.14%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Bitmine Allegedly Acquires 100,000 ETH Worth $233.7 Million

    On April 23, according to monitoring by Lookonchain, three new addresses suspected to be associated with Tom Lee's Bitmine (0xB6a8...9c9E, 0xc2e0...2831, 0x4e5C...276c) received 100,000 ETH from BitGo, valued at $233.7 million.

  • Musk: AI Chip Shortage Expected in the Future

    On April 23, Tesla CEO Elon Musk stated during an earnings call that the company initiated the Terafab chip factory project due to an anticipated severe shortage of AI chips in the future. He remarked, "In terms of industry growth rates, logic chips, and even more so storage chips, we expect to encounter bottlenecks if we do not manufacture chips ourselves. This is the reason for the birth of Terafab." (Dongxin News Agency)

  • US Spot Bitcoin ETF Sees Net Inflow of $331.9 Million Yesterday

    On April 23, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $331.9 million yesterday.

  • US Spot Ethereum ETF Sees Net Inflow of $96.43 Million Yesterday

    On April 23, according to monitoring by Trader T, the US spot Ethereum ETF saw a net inflow of $96.43 million yesterday.

  • U.S. State Department Urges American Citizens to Leave Iran Immediately

    On April 23, the Bureau of Consular Affairs of the U.S. State Department posted on social media that, given Iran's announcement of partial airspace reopening, American citizens in Iran should leave immediately. The post advised U.S. citizens to stay informed about the situation through local media and to consult commercial airlines for information on flights departing Iran. Additionally, U.S. citizens can also travel by land to Armenia, Azerbaijan, Turkey, and Turkmenistan, but should avoid areas along the Iran-Afghanistan, Iran-Iraq, or Iran-Pakistan borders.

  • Tesla: Increasing Investment in AI Computing Power and Advancing New Battery and Material Factories

    On April 23, Tesla's official blog announced that the company is increasing its investment in AI computing power to advance the construction of new battery and battery materials factories. This move is also aimed at further preparing for the production of the third-generation Megapack energy storage system, the Tesla autonomous electric vehicle Cybercab, and the Tesla electric truck Semi.

  • USA: Deploying the Strongest Military Force in History to the Middle East

    On April 23, local time April 22, the U.S. Central Command announced that since the U.S. military began its blockade operations in the waters related to the Strait of Hormuz on April 14, it has requested 31 vessels to turn around or return to port as part of the blockade. The U.S. Central Command also stated that the military is currently deploying the most comprehensive and powerful military force ever seen across the Middle East.

  • Iran Does Not Officially Respond to Extended Ceasefire Deadline

    On April 23, Iran has not provided any official response regarding U.S. President Trump's announcement to extend the temporary ceasefire deadline, nor about the possibility of a second round of negotiations with the U.S. Iranian public opinion widely believes that the contradictions in U.S. rhetoric and its constantly changing policies are the main reasons for Iran's inability to trust the U.S. Additionally, Israel's repeated violations of the Lebanon-Israel ceasefire agreement and the ongoing U.S. maritime blockade against Iran are key factors affecting the negotiation process. Analysts point out that the risk of renewed war and conflict remains very high, and if both sides continue to insist on their current demands and conditions, the nature of this regional crisis may evolve from a purely U.S.-Iran issue into a global problem.