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Astar Network Announces New Grant for Emerging Tokens to Launch on Astar zkEVM

TL;DR

  • Astar Network is offering a grant for emerging tokens launching on Astat zkEVM that covers comprehensive launch and development needs.
  • The grant allows developer teams to concentrate on building useful products on the Astar Network, focusing on value to users. 
  • The Token Generation Event (TGE) Catalyst Grant will be offered in stablecoins.

Astar Network has announced a new grant program that will boost emerging tokens seeking to launch on the Astar zkEVM. The Astar Network is a relatively new Layer 2 solution that uses the Zero-Knowledge (ZK) technology on Ethereum to cultivate Web3 experiences. The Astar Network incorporates an Ethereum Virtual Machine (EVM) equivalent environment to the protocol that allows perfect integration with currently existing smart contracts.

Astar Network’s goal of expanding to the global market, with roots in Japan, aligns with this Token Generation Event (TGE) Catalyst Grant. Successful applicants stand a chance to benefit from the robust resources provided by Astar Network’s team and industry connections, including direct guidance from Key Opinion Leaders (KOL) and Degen’s community, some of the most influential people within the crypto industry. 

What Astar Network Offers alongside the TGE Catalyst Grant

Interstingly, Astar Network has made strategic partnerships with top centralized exchanges like Gate.io, Bitget, Poloniex, MEXC, and HTX. Through these partnerships, Astar Network grant recipients benefit from a relatively smooth list process from these exchanges, kickstarting the journey into the wide crypto market.

Also, the TGE Catalyst Grant recipients will receive an acceleration package that comes with numerous advantages, from actual financial support to fund marketing initiatives on centralized cryptocurrency exchanges, covering a significant portion of listing fees on these platforms and funding promotional activities around the tokens.

Successful grant receivers can use the funds to organize events for advertising campaigns – a crucial aspect of every token launch. Considering the current state of the crypto industry, with over 2 million cryptocurrencies to compete against, new token launches require significant financing to promote their products through their unique selling propositions. 

Aside from the financial support in stablecoins, successful teams on the Astar Network can also benefit from connections provided by the team. The program offers access to audit partners to help fast-track the project’s progress and ensure efficient developments and security within the ecosystem. 

Exclusive access to the SAMURAI council is arguably one of the most valuable aspects of this TGE catalyst grant. The council provides robust marketing frameworks that allow project developers to interact and share key ideas with industry experts available to Astar Network. The grant winners will access community acquisition strategies spearheaded by the SAMURAI council that are focused on growing community engagement through live sessions, workshops, and Q&A sessions to help build a vibrant community. 

Through this program, Astar Foundation aims to attract passionate Web3-oriented groups to grow on Astar’s Network Ecosystem while also strengthening the native ecosystem. You can apply for this lucrative program through this Google Form

Disclaimer. The information provided does not, and is not intended to, constitute financial advice; instead, all information, content, and materials are for general informational purposes only. Information may not constitute the most up-to-date information and readers must do their own due diligence and assume responsibility for their own actions. Links to other third-party websites are only for the convenience of the reader, user or browser; Cryptopolitan and its members do not recommend or endorse contents of the third-party sites.

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