This April showcased Astra Protocol’s dedication to providing its community with the best experience, marked by several significant milestones.
Among these highlights was the launch of Astra’s Community Trivia, Sticker collection launch, insightful features, tweets, and quotes from Advisory Board members.
Here’s a brief overview of Astra’s April 2023 accomplishments.
Astra Trivia Launch: To celebrate its prosperous community, Astra Protocol is hosting weekly Trivia introduced last month. In Astra Weekly Trivia, we are releasing two easy questions every Monday and Thursday, allowing the community to join the contest on Twitter, where two winners are rewarded with $25 in $ASTRA each week. Learn more about Trivia here.
Sticker Collection Launch: Astra Protocol launched its official Sticker collection made exclusively for the community. These stickers were introduced to add more quirks and nuances to the interactions from the community. You can take a look at the collection here.
Featured on Nasdaq: NASDAQ featured Astra Protocol in an article released highlighting the need for cryptocurrency regulation. The article covered the former White House Chief of Staff & Astra Advisor Mick Mulvaney’s perspective on how a regulatory framework for cryptocurrencies and digital assets helps solve challenges in the industry and how Astra’s solutions resolve these issues. Read more about the feature and article here.
Quotes by Advisory Board Members:
Young Sohn: The latest Astra Advisory board member, Young Sohn, also the Former President and Chief Strategy Officer of Samsung, shared his views on decentralized compliance, calling Astra Protocol the trailblazer in achieving the same. Read his exact quote here.
Mick Mulvaney: According to Mick Mulvaney, Astra Advisory & former White House Chief of Staff, Astra is the solution bridging the needs of both regulators and Web3 to assert Astra’s goal to make all dApps and protocols Web3 compliant. Learn more about what he said here.
News Highlights: Astra shared its take on the evolving cryptocurrency regulation updates on Twitter:
- The Block published the first article covering the funds lost and compromised on the Safemoon exchange. This loss resulted in nearly $9 million being drained from its liquidity pool. Read here how Astra addressed such challenges in Web3.
- The second article was published by Cointelegraph, which covered the first meeting of the CFTC’s Technology Advisory Committee in Washington DC and presentations by members of the crypto space which discussed the critical issues currently impacting DeFi. Read here how Astra addressed this continuing discussion around decentralized compliance in DeFi.
Global Perspective on Crypto Regulation: Presenting a comparative analysis of Legal Frameworks in different countries worldwide, Astra Protocol published a detailed article on crypto regulation in numerous countries. The growing demand for digital assets has influenced how governments and regulatory bodies worldwide approach Web3 adoption. While some countries have adopted a progressive stance on crypto-regulation, others are taking a more tentative approach. This article compares countries’ responses to cryptocurrencies and Astra’s contribution to easing the adoption of digital assets worldwide. Read the article here.
Web3 Scams and Astra compliance layer: A video was released that mentions the scams and losses in the Web3 ecosystem since 2021 and how over 3 billion dollars have been lost so far. This video highlights how Astra’s decentralized compliance layer eliminates scams, hacks, rug pulls, and illicit finance in Web3 and boosts consumer protection. Watch the video here.
Must Read Threads: Emphasizing the need for decentralized regulation and user protection in Web3, Astra Protocol released threads.
One mentions the hindrance in user participation due to the lack of user security since 2018 and how Astra will ensure decentralized compliance in the ecosystem. Learn more.
The second highlights the surge in on-chain web3 activities since the ARB Airdrop with the simultaneous hesitance to take full advantage of such events due to the need for more security. The recurring losses and scams can hold DeFi back and undermine user confidence and trust. Learn more.
And that’s not all! A lot more exciting announcements are about to drop soon.
Astra Protocol is the next generation of compliance, a decentralized KYC Platform for Web3. Our application brings the financial regulatory standards for 155+ countries and over 300 sanctions and watchlists to the crypto industry — without sacrificing anonymization. Our Globally patented technology includes a new professional service layer called the Decentralized Legal Network (DLN), bringing major legal and audit companies on-chain. Our simple plug-in technology ensures crypto remains compliant with AML and KYC standards determined by society.
Astra: KYC for Web3
Astra’s mission is to provide a range of regulatory compliance tools for crypto applications, ensuring that financial compliance standards can be met across the Web3 industry.