The post Astar Network Launches Pre-Deposit Campaign ‘Surge’ to Accelerate Ecosystem Growth appeared on BitcoinEthereumNews.com.

With the launch of Astar Surge, Cross-chain web3 collective network Astar has introduced its Pre-Deposit Campaign, which is intended to speed up the integration process with Soneium. With the launch of this initiative on December 18th, holders of ASTR will have the option to earn incentives while also contributing to the expansion of Astar’s web3 ecosystem. Holders of ASTR tokens have the ability to deposit their tokens into dedicated contracts on Astar’s Layer 1 network as part of the Astar Surge initiative. Participants will get points for each Soneium decentralized application (dApp) that they participate in by doing so. These points may be redeemed for project tokens at a later time during their respective Token Generation Events (TGEs), which provides early adopters with a tangible incentive to participate. Maarten Henskens, Head of Astar Foundation stated: “Astar Surge represents a significant milestone in our mission to connect people to web3 and bring this technology to billions. By empowering our community with early access to groundbreaking Soneium dApps, we’re not only accelerating ecosystem growth but also ensuring a seamless transition to Soneium’s infrastructure. This collaboration underscores our commitment to driving global adoption of the Astar Network and its representative token, ASTR, creating lasting value for all current and future holders.” In preparation for the launch of the Soneium mainnet, key Soneium projects such as Yay!, Sake Finance, Untitled Bank, SoneX, and Kyo Finance are working together with Astar to deploy pre-deposit contracts. These contracts will provide each of these projects with higher Total Value Locked (TVL) and enhanced visibility. By ensuring that liquidity is easily accessible for migration to Soneium’s infrastructure, the Pre-Deposit Campaign will build the basis for a thriving ecosystem from the very beginning of its existence. PeckShield, a top blockchain security organization, is responsible for auditing the contracts that Sake Finance has…

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Filed under: News - @ December 13, 2024 7:19 pm