Brief Overview on Arthshot
ArthSwap is the biggest decentralized exchange (DEX) on Astar Network. ArthSwap has announced the launch of its Acceleration Project, “ArthShot”. With this IDO, ArthSwap has graduated from Astar Network’s Incubation Program and will launch a new program of its own.
There are two main reasons for this:
Firstly, one is the promotion of the growth of the Astar Network. Astar is currently growing and hit over $2 billion in market capitalization, but it is still in its development stage. For further expansion in the future, it will be necessary for more dApps to be built and grow on Astar Network.
Secondly, ArthSwap is the infrastructure that lists all tokens on Astar. ArthSwap currently lists 10 tokens, but we will be able to trade all tokens on the Astar Network in the future, and they will focus on ArthShot as a way to grow with each service listed on ArthSwap.
GOING BACK TO GALAXIA AND ARTHSHOT
From Arthshot, Galaxia will receive support for the following:
- Strategy Development
- Community Managemen
- Assistance in fundraising and listing
- Support for IDO
IDO on ArthSwap
The first Token Sale for Galaxia will be on an ArthSwap IDO Launchpad. They sold their $ARSW as the first token to be launched this month, and $LAY from Starlay Finance is selected as the second token to go. Galaxia will be on this platform for its first successful IDO.
Listing on ArthSwap
With the support from ArthShot, Galaxia aims to be the biggest yield aggregator and boost up the entire Astar Network community. The next step after the IDO will be listing on ArthSwap in June.
ArthSwap is a leading DEX on Astar Network with a user-friendly UI and a high APY of liquidity mining.
Galaxia Finance is an Astar-native yield aggregator protocol. The protocol provides the highest APY earning strategy with minimal risk for loss to the deposited assets. It aims to be the biggest yield aggregator protocol and contributes to the expansion of the Astar community.