Singapore, Singapore, December 13, 2024, Chain Wire
Cross-Chain Web3 Collective Network Astar has announced Astar Surge, a pre-deposit campaign designed to promote integration with Soneium. The initiative, launched on December 18th, offers Astr owners the opportunity to earn rewards while contributing to the growth of ASTR’s growing Web3 ecosystem.
As part of Astar Surge, ASTR owners can deposit tokens into a dedicated contract on Astar’s Layer 1 network. In doing so, participants accumulate points for each participating Sonium DAPP. These points can be redeemed later for project tokens during each token generation event (TGES), adding specific incentives for early adopters.
“Astar Surge represents a key milestone in our mission to connect people to Web3 and bring this technology to billions. Empowering communities with early access to groundbreaking Soneium Dapps not only drives ecosystem growth, but also ensures a seamless transition to Soneium’s infrastructure for all current and future holders.”
– Marten Henskens, Head of the Athal Foundation
Yay! , major Soneium projects such as Says Finance, Untitled Bank, Sonex and Kyo Finance are working with ASTAR to develop pre-deposit agreements. The pre-deposit campaign will make liquidity easier to use in Soneum’s transition to infrastructure, laying the foundation for a robust ecosystem from day one.
Security is the cornerstone of pre-deposit campaigns, with contracts developed by the Japanese Finance and audited by the major blockchain security company Peckshield. Using the ERC-6551 token-bind account, the system facilitates a seamless transition to the Soneum mainnet while allowing users to retain ownership of the token. When you deposit an ASTR or ASTR LST, a token-bind smart contract account is created and locks the assets until the mainnet is launched. The NFTs associated with the account are under the control of the user and guarantee ownership throughout the process.
After the launch of Soneium MainNet, users can unlock assets by signing transactions to renew bridge agreements using interoperability protocols such as Layerzero and ChainLink CCIP. This allows for a seamless bridge between assets and deposits to designated protocol contracts led by customized logic for a secure and efficient transition.
The ecosystem project benefits from improved visibility and liquidity, and has been designed with pre-deposit contracts designed to create a robust foundation for future Soneium Mainnet. Regular community updates, including project highlights and interactive AMA sessions, allow participants to continue to inform and engage through the campaign.
The pre-deposit campaign follows Asta’s decision to expand into Sonium’s super chain ecosystem and become a chain-independent Web3 service provider. Making the Astr token available on Soneium’s Ethereum L2 will be one of the first steps to achieving this goal, paving the way for a successful launch of Soneium Mainnet.
About participating projects
- Japan Finance: Liquor is the easiest way to decentralized finance, providing smooth asset swaps and exciting farming opportunities for ASTAR users.
- Yeeee! :Yeee! Bringing fun social twists to Web3, combining community-driven capabilities with Soneum’s decentralized finance.
- Untitled Banks: Untitled Banks create a comprehensive financial space with Soneium, offering services such as loans, borrowing, staking and more to everyone in the ecosystem, including ASTHOLDERS.
- SONEX: Sonex makes it easy to exchange tokens for speed and security, while increasing liquidity and scalability within the growing ecosystem of Soneium.
- KYO Finance: KYO Finance helps users maximize capital with advanced Defi tools, such as leveraged yield farming and staking available in Ast Token.
About the Astar Network
Astar Network connects to Web3 as a premier gateway for projects spanning Japanese and beyond, driving global adoption, bringing Web3 to billions. Powered by Polkadot, Astar leverages Multi-Layered Tech Stack to provide a customizable blockchain solution that supports both EVM and WASM. This robust framework allows ASTAR to accelerate the expansion of Web3 technologies around the world. Recently, Astar announced the migration of Astar Zkevm to Soneium, an Ethereum Layer 2 solution developed by Sony Block Solutions Labs. This shift is set to extend the Web3 experience to a larger audience and seamlessly fill the gap between Web3 and Web2 users.
For more information, please visit Astar’s: Official Website| Twitter |Discord|Telegraph
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Disclaimer: This is a press release published via a crypto-centric newswire.