Astar Network’s native token, ASTR, has landed on the ‘Green List’ of the Japan Virtual Currency Exchange Association (JVCEA) after being listed on Huobi Japan. The ‘Green List’ is JVCEA’s program that features cryptocurrencies that meet strict regulatory criteria for trading on Japanese exchanges. ASTR’s selection on the list indicates that it has passed JVCEA’s rigorous screening process, ensuring that it is a trustworthy asset for investors in Japan. This move is a significant milestone for Astar Network, which aims to become the go-to platform for decentralized applications (dApps) by offering fast and secure transactions through its high-performance blockchain.
Astar Network’s ASTR Token Listed on Huobi Japan, Registered on Japan Virtual and Crypto Assets Exchange Association’s Green List
Astar Network, a smart contracts platform for multichain, recently announced that its native ASTR token has been listed on Huobi Japan, becoming the third crypto exchange in Japan to list ASTR after Bitbank and GMO Coin. As a result, the Japan Virtual and Crypto Assets Exchange Association (JVCEA) has registered the ASTR token on its ‘Green List.’
The JVCEA, which is a group of 31 crypto exchanges, introduced the Green List to speed up the listing process on Japanese exchanges and boost crypto adoption in Japan. Previously, the JVCEA member exchanges had to go through a slow screening process for listing any cryptocurrency. However, assets on the Green List are not subject to the screening process as they have already been rigorously screened by three or more member exchanges.
Sota Watanabe, the Founder of Astar Network, stated that “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 met all four requirements of the JVCEA, including being handled by three or more member exchanges, being handled by at least one exchange for over 6 months, and being a cryptocurrency for which the JVCEA has not set any incidental conditions for its handling.
On Huobi Japan, users can now buy ASTR using the Japanese Yen starting April 12th. Traders and investors buying ASTR on Huobi Japan can transfer the token to any supported wallet they want. Astar Network is the go-to blockchain for developers and enterprises interested in exploring the Japanese Web3 space.
Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability with cross-consensus messaging (XCM) and a cross-virtual machine (XVM). Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for their code and the dApps they build.
In conclusion, Astar Network’s ASTR token listing on Huobi Japan and registration on the JVCEA’s Green List marks a significant step forward for the blockchain platform’s growth and adoption in Japan. As one of the first parachains to come to the Polkadot ecosystem, Astar Network is a vibrant network that is supported by all major exchanges and tier 1 VCs.
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– Astar Network’s ASTR Token Listed on Huobi Japan, Accelerates Adoption
– Astar Network Joins Japan Virtual and Crypto Assets Exchange Association’s Green List, Boosting Crypto Adoption in Japan