Astar Network is a multi-chain smart contract platform and ASTR Token is this project’s token. Recently, ASTR announced its listing on Huobi Japan. Huobi Japan is the third crypto exchange in Japan to list ASTR after Bitbank and GMO Coin. Following the listing, the Japan Virtual and Crypto Assets Exchange Association (JVCEA) registered the ASTR token on the Green List.
ASTR Token Added to JVCA Green List
JVCEA is a group of 31 crypto exchanges. It introduced the Green List to promote crypto adoption in Japan and to accelerate the listing and integration of crypto assets on Japanese exchanges. Prior to the Green List, JVCEA member exchanges had to go through a slow screening process to list any cryptocurrency. With the current working system, assets on the Green List do not have to go through the screening process, as three or more member exchanges have rigorously screened them.
Sota Watanabe, Founder of Astar Network, said: “Given that Astar has a significant presence in Japan and a lot of enterprises are entering Web3 with Astar, joining the Green List is a huge step not only for us but also for Japanese companies. It makes it much faster to list ASTR on other Japanese exchanges. We continue to work with regulators to utilize ASTR in Japan faster.”
The ASTR token fulfilled four requirements of the JVCEA when entering the Green List. These requirements are:
- Handled by 3 or more member exchanges
- Handled by at least one exchange for over 6 months
- Crypto assets for which the JVCEA hasn’t set any incidental conditions for its handling
- Other crypto assets for which there is no reason why the Association considers it inappropriate to be included in this list
On Huobi Japan, users can buy ASTR using the Japanese YEN starting April 12th. Moreover, traders and investors who buy ASTR on Huobi Japan will be able to transfer the token to any wallet of their choice.
About Astar Network
Astar Network supports the creation of dApps with EVM and WASM smart contracts and provides developers with cross-consensus messaging (XCM) and cross-virtual machine (XVM) interoperability. Astar’s Build2Earn model allows developers to get paid for their code and the dApps they build through a dApp staking mechanism.
Astar is one of the first parachains to come to the Polkadot ecosystem. It is a live network backed by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM tools for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Center for top TVL dApps
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