Kasta(KASTA)

$POLS has recently joined the ranks of tokens hitting a yearly high, reaching an impressive $0.8292 with a remarkable surge of over 52% within a 24-hour period. Functioning as a decentralized fundraising platform, Polkastarter empowers Web3 projects to initiate and raise funds through multi-chain token pools while simultaneously expanding their […]

Binance no longer supports deposits and withdrawals for several cross-chain bridge tokens linked with the Multichain project. Binance Suspends Multichain Support In a recent development, Binance, one of the world's largest cryptocurrency exchanges, has announced that it is ending support for withdrawal and deposit for several Multichain-bridged tokens. From July 7 onwards, customers on networks like BNB Smart Chain, Fantom, Ethereum, and Avalanche will be unable to deposit or withdraw bridged tokens until further notice. It is important to note that the suspension only applies to specific tokens bridged to Multichain and does not affect the trading of other cryptocurrencies on Binance. Users can still trade and engage in transactions with the wide range of tokens available on the exchange. Some of the tokens affected by this decision are Polkastarter (POLS), Alchemy Pay (ACH), Beefy.Finance (BIFI), Harvest Finance (FARM), tokens minted through the bridge on Fantom, like Beefy.Finance (BIFI) and Alpaca Finance (ALPACA), and a token minted on Ethereum’s bridge, Travala (AVA). Binance Assures Funds Safety Multichain is a cross-chain interoperability protocol. It enables the seamless transfer of assets between different blockchain networks and currently oversees over $1.3 billion in assets, with $698 million minted on Ethereum, $339 million minted on BNB Smart Chain, and $92 million on Fantom. However, Binance is taking no chances when it comes to safeguarding user funds. Although the team has assured customers that funds remain secure, the uncertainty around the matter is worrying users whose funds are stuck in the protocol. According to a Binance spokesperson, the temporary suspension of these services on the Binance platform is only a temporary risk management measure. Users can still trade the tokens on Binance and withdraw them using alternative networks. This means that as long as the assets do not involve the Multichain project, they can proceed as normal. The Multichain Complication Although the team has not specified the exact reason behind this decision, it is implied that it is in response to the protocol’s difficulties that occurred in May. During that period, the project experienced transactional difficulties with processing bridge transfers. Kava, zkSync, Polygon zkEVM, and several other pathways of the cross-chain bridge were not functioning properly. Multichain CEO Zhaojun was also unreachable and rumored to be taken into police custody. As a result, Binance suspended deposits for Multichain-bridged tokens on May 25, citing complications within the protocol. The recent suspension is just a follow-up to the previous action against Multichain. In conclusion, Binance's decision to suspend transfers of several tokens tied to Multichain is a proactive measure to ensure the security and stability of its users' funds. Users are advised to stay informed through official channels and await further updates from the exchange. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Road Town, British Virgin Islands, June 29th, 2023, ChainwireLBank Labs, the venture fund of the global crypto exchange LBank, is pleased to announce its strategic investment in ArkStream Capital. This collaboration brings together the expertise and resources of two prominent players in the blockchain industry, aiming to drive the advancement of Web3 innovation.LBank Labs, known for its protocol and exchange-agnostic approach, is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. With $100 million assets under management (AUM), the venture capitalist arm of global cryptocurrency exchange LBank has a strong track record of nurturing startups and helping them thrive. Besides direct investments in projects, the team aims to build a strong fund network via investing in global top funds to support portfolios from the network in both financial and resource value-add. Czhang Lin, an IC board member of Labs, is also personally LPs to NGC, Blockchain Founders Fund and Lemniscap, where Eric He, Co-Founder of LBank is LP to SevenX Ventures fund I, II and FOF, and IOSG Ventures.ArkStream Capital, established by a collective of crypto-native founders with diverse backgrounds from institutions such as MIT, Stanford, BlackRock, Google, and Samsung, has quickly gained recognition for its outstanding achievements. Led by Founding Partner Allen Su, whose previous venture BlockArk was a trailblazing blockchain growth company established in 2017, ArkStream Capital possesses exceptional capabilities in research and growth strategies.Notably, ArkStream Capital has earned accolades as one of the best-performing funds during the 2020-2022 cycle. Leveraging their strategic and discerning investment approach, the firm has successfully supported over 70 portfolio companies, including prominent industry players like Flow, SEI, Republic, Manta, LiveArtX, and Mask.With an unwavering commitment to fostering on-chain user adoption, ArkStream Capital is now expanding its investment scope to embrace the next phase of Web3 evolution. In addition to infrastructure investments, ArkStream Fund II will prioritize applications and user portals. Notable investments from Fund II include Linera, a cutting-edge MOVE layer-1 project; Polkastarter Gaming, the largest web3 gaming information platform; and Particle Network, an all-encompassing infrastructure solution. ArkStream Capital's co-investors in these ventures include industry giants such as Sequoia, SuperScrypt, a16z, and Alibaba."We are delighted with the investment made by LBank Labs, as it signifies a remarkable opportunity to jointly bring Web3 innovation to the vast and burgeoning user base in emerging markets,” said Allen Su, Founding Partner of ArkStream Capital."We are excited to join forces with ArkStream Capital in our shared mission to drive Web3 innovation and cater to the growing user base in emerging markets. This strategic investment represents a significant opportunity to combine our strengths and resources, accelerating the development of groundbreaking technologies that will reshape industries globally." - Jiayu, Head of FOF Investment at LBank Labs.LBank Labs and ArkStream Capital are poised to leverage their respective strengths and networks to drive forward the development of Web3 technologies, revolutionizing industries and empowering users worldwide. As part of their commitment, LBank Labs is dedicated to establishing an extended network of Fund of Funds, focusing on optimizing portfolio performance and diversification while highlighting the intrinsic value of their ecosystem network. With a strong presence in seven global regions, LBank Labs is a powerhouse for fostering collaboration and innovation cross-borders.Earlier this month, LBank Labs similarly announced strategic investment and partnerships with prominent venture funds Sparkle Ventures, Collab+Currency, and SevenX Ventures, highlighting Labs’ mission to unite key innovative players in the industry to advance Web3.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.Start Trading Now:lbank.comCommunity & Social Media:lTelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactLBankpress@lbank.info

Tokyo, Japan, June 15th, 2023, ChainwireSetting the long-term direction, the Astar 2.0 Vision aligns tokenomics, organizational structure, and key pillars of technology to drive Web3 mass adoptionAstar Network, the smart contract platform for multichain, is delighted to introduce the ‘Astar 2.0 Vision’ as it aims to drive mass adoption of Web3 to billions of users. With developers’ growing interest in base layers that offer scalability, security, and interoperability, Astar Network aims to position itself as the go-to Layer-1 blockchain by providing them with all the tools, resources, and support to help them build unstoppable dApps.The ‘Astar 2.0 Vision’ sets the long-term direction for the rapidly-growing Astar ecosystem. It aligns the network’s tokenomics, organizational structure, and pillars of technology to achieve its mission of enabling Web3 innovations that empower billions of people worldwide.1. TokenomicsAstar Network will revamp its current tokenomics to align with the long-term vision and the DAO will make Astar sustainable for the future.The Astar Foundation is building this with the community in forums to gain their valuable insights. A redesigned ASTR token better serves the needs of network participants, from users and builders to enterprise partners. It’s essential to ensuring a sustainable future of growth and success.2. Astar LinkConnects the fragmented layers of the blockchain industry. With customizable options and tailor-made SDKs, developers can create limitless solutions. Astar Link unlocks diverse use cases from gaming to enterprise that is only possible by linking different ecosystems to each other.3. Organizations supporting Astar NetworkStartale Labs - The enterprise arm that enables users and businesses to embrace blockchain in Japan. With a focus on Web3 infrastructure, Startale aims to build innovative products to enable the widespread adoption of Web3 technologies.Astar Foundation - It is currently the main contributor and maintainer of the Astar Network Source Code. The Foundation deploys resources to expand Astar Network through partnerships, community activities, hiring developers, funding projects, and other initiatives.Formation of Astar DAO - Astar is actively working with the community to realize this goal in Community Forums. The DAO will help create an unstoppable network by embracing decentralization and handing governance to the community. Anyone can use Astar Network anywhere to improve their communities4. Creating unstoppable dAppsImproving the developer experience to help them build unstoppable dApps with two pillars of technology:Cross-chain applications - Astar supports both EVM and WebAssembly (WASM) environments, and interoperability between them using a Cross-Virtual Machine (XVM). With XVM, smart contracts will work seamlessly regardless of the blockchain. Astar 2.0 brings more options and is scalable.DApp staking - Improved tokenomics will return more value to builders and stakers via dApp staking. Astar’s innovative Build2Earn program empowers developers to get paid through a dApp staking mechanism for the dApps they build. It allows network users to stake their tokens to support their favorite projects.5. Supernova: Paving the path forwardActions speak louder than words. Watch out for our coming updates in the middle of Q3 which will see Astar deliver on its web3 promises. Like a supernova exploding and impacting the universe, Astar aims to have the same impact in the web3 universe. Bringing Astar technology and vision to the masses.Interested developers and users can explore the 2.0 Vision here. Moreover, Japan’s leading corporations have shown strong belief in Astar’s vision and its ability to execute. Astar will share more details later in June and July.The Astar Foundation and Startale Labs have been working with many of the world’s leading global players to achieve the 2.0 Vision. Japan’s leading corporations including Toyota Motor Corporation and Sony Network Communications have teamed up with Astar Network to explore the opportunities in Web3.Sota Watanabe, the Founder of Astar Network, said, “We will push the network to unlock Web3 for billions. Each part of Astar 2.0 is being shaped and improved, starting with token economics and developer tooling to ensure the sustainable long-term growth of the network.”Astar Network is the leading Layer-1 in Japan, having been voted the most popular blockchain in the country by the Japanese Blockchain Association. It is the go-to blockchain for developers and enterprises interested in exploring the Japanese Web3 space. Astar is also the first public blockchain from the country to be listed there despite Japan’s strict listing regulations. Astar’s native token ASTR is registered as a cryptocurrency, not a security, by the Japanese government.About Startale Labs Startale Labs is a web3 tech company developing multichain applications and infrastructure. We also conduct R&D and incubation activities based on the experience and connections developed in coordination with Astar Network. In addition, a subsidiary, Startale Labs Japan, was established on January 31st 2023 to provide web3 business development and strategic consulting services to corporate enterprises and governments, leveraging the strengths of Japan’s most widely-recognized public blockchain.About Astar NetworkAstar is Japan’s most popular smart contract platform, supporting both EVM and WebAssembly (Wasm) environments, and interoperability between them using a Cross-Virtual Machine. Astar Network is friendly to all kinds of developers, and tools and languages they already know. Backed by the shared security of Polkadot, Astar shines brilliantly on its own within a vibrant and healthy ecosystem, and is a leading star in the blockchain industry overall, driving international corporate adoption, and consumer interest in web3 technologies.For more information, visit: Website | Twitter | Discord | Telegram | GitHub | Reddit | YouTubeContactSota [email protected]

The silence emanating from Multichain’s leadership has amplified rumors, leading to significant unease and uncertainty among protocol users. At present, several of Multichain’s cross-chain pathways remain down, leading to a major pile-up of transactions on the protocol. Multichain’s Radio Silence The radio silence from the Multichain team has left users searching for answers, with the protocol currently holding $1.5 billion in total value locked (TVL). Multichain face a fifth day of outages and transactions that are in limbo, primarily due to multiple cross-chain pathways that are still offline. These include Polygon zkEVM, Kava, and zkSync. Initially, the team stated that this was caused due to an upgrade that was being patched. However, this explanation was revised, with the cause outlined as an ambiguous explanation of “force majeure.” The uncertainty and radio silence comes against the backdrop of unverified rumors circulating on Twitter that the protocol’s core leadership could possibly be under arrest in China. Co-founder of Multichain, DJ Qian, took to Twitter, stating he had asked Multichain CEO Zhaojun and its founding partner Xu Guochang if they could provide any help or explanation. “From yesterday to today, I received a lot of greetings. Many people sent messages asking me if I was okay. Thank you for your concern. Of course, I’m fine. At the same time, I also hope that there is nothing serious about multichain. Although I am not ashamed of what Zhaojun did before, after all, I brought Zhaojun and Guochang into the industry. I asked Guochang for some information to see if he could provide technical or other help. Well, the most important thing is the safety of user assets and the safety of people.” Leadership Under Arrest? With rumors of the team’s arrest circulating on Twitter, Multichain’s VP of Strategic Partnerships stated in a Telegram group message that he was not aware if Chinese authorities had actually detained the protocol’s leadership. Protocol CEO Zhaojun did not reply to any messages on the group in question nor to direct queries. The project’s Discord server and other Telegram groups are dealing with similar uncertainty, with no updates about the project or its future. All community members have been told to wait for any further updates. MULTI Token Plummets With the uncertainty surrounding the project, the protocol’s native MULTI token has continued its downward trajectory. With users complaining that their transactions had been stuck since Sunday, the team assured them that their funds were safe and they were working to resolve the issue. David Who, a community manager with Multichain, had given users an update, stating, “At this stage, we can’t be sure when it will be fully fixed. However, our user’s funds are safe, and pending transactions would “pass through automatically and instantly” after resolution.” However, with no resolution, the token’s price has continued to drop. Currently, the MULTI token is down over 28% and is trading at $3.80. Other Projects React Several projects have responded to the situation unfolding at Multichain. Coinflux Network became the latest to respond, stating that it had suspended Multichain’s co-mint privileges as a precautionary measure. This would prevent Multichain from minting new tokens on the project’s blockchain. Furthermore, Coinflux also added that it would work with users to mitigate any losses that may arise. Crypto Investment firm HashKey Group also revealed that it had moved $250,000 from Multichain to Gate.io. Meanwhile, Tron founder Justin Sun also revealed that he had withdrawn 470,000 of the USDD stablecoin from the protocol. Cryptocurrency exchange Binance also swung into action, announcing that it was suspending deposits for 10 bridged tokens following days of transactions being stuck in limbo. This impacted several token pairs, including Polkastarter (POLS), Alpaca Finance (ALPACA), Travala.com (AVA), Spell (SPELL), Fantom (FTM), Alchemy (ACH), Beefy (BIFI), SuperVerse (SUPER), Harvest Finance (FARM) and DeXe (DEXE). Binance’s announcement will impact users of bridged tokens on Ethereum, Avalanche, BNB Smart Chain, and Fantom. Fantom Foundation also moved to limit its exposure, withdrawing $2.4 million in liquidity of the MULTI token on the SushiSwap DEX. Andre Cronje, Fantom Foundation Director, explained that Fantom had to act due to the uncertainty surrounding Multichain and was withdrawing the funds out of caution. Cronje added, “No point to LP at times of uncertainty. You can see in the wallet the funds haven’t been sold. As soon as Multichain is able to release a statement around this and clear it up, we will LP again.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Tokyo, Japan, April 11th, 2023, ChainwireAstar Network, the smart contract platform for multichain, today announced that Japan’s leading potato chips and snacks company Calbee Inc. will issue evolving NFTs on the Astar blockchain as part of a new promotional campaign, “NFT Chips”.With Calbee’s NFT Chips Campaign, consumers who buy a pack of Usu-Shio, Consomme-Punch or the immensely popular Nori-Shio potato chips will be able to claim a free, evolving Potato NFT by participating in its origami-like game “Ori-pake”.The game requires players to follow the instructions printed on the package and fold it in a very specific way, much like an origami, then confirm they have done it by scanning it with Calbee’s smartphone application “Lbee Program.”Astar Network CEO Sota Watanabe said, “I am very excited to see this use case on Astar Network. Calbee's chips are probably the most consumed chips in Japan and I am sure that everyone knows this product. Through this campaign, I would like to make the future where Japanese people are using Astar Network without knowing what blockchain is. We will keep doing our best to achieve mass adoption.”To participate, consumers must also download the “wappa” Web3 data wallet created by DataGateway in order to claim their free NFT. Each time someone registers a new Ori-pake after eating a bag of potato chips, their NFT will evolve and grow. After registering five Ori-pakes, users will see their evolving NFT transform for a final time into one of dozens of characters from the “Jagaverse” virtual world.A hundred lucky winners will end up harvesting a special “gold character” in their wappa wallet that entitles them to six free packets of potato chips, while everyone who holds a fully evolved Potato NFT will be given access to new digital experiences in future.Astar Network is a smart contract platform and bridge connecting layer-1 blockchains like Ethereum and Cosmos with the Polkadot ecosystem. In 2022, it was voted the most popular blockchain in the country by the Japanese Blockchain Association; and more recently, it topped CoinGecko’s list of Japan's most popular coins. Last year, Astar joined hands with no less than 329 of the country’s top brands in a marketing campaign that aims to spearhead the growth of Japan’s web3 ecosystem.Astar’s leading status has seen it emerge at the forefront of an NFT craze that’s sweeping across Japan as dozens of its leading brands embrace the possibilities of Web3. Its most recent partnership saw it collaborate with Tokyu Railways to distribute free utility NFTs to train passengers.Calbee’s NFT Chips campaign on Astar was made possible through Calbee’s partnership with DataGateway, which jointly developed the wappa data wallet with Hakhudo and CryptoGames to enable customers to own and manage their evolving NFTs. The wappa wallet is founded on the idea that personal data belongs to the individuals who create it, not the companies that want to use it. As such, it enables true data sovereignty. Data held within wappa can be provided to individual companies anonymously only with the permission of the wallet owner.About Astar NetworkAstar 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.One of the first parachains to come to the Polkadot ecosystem, Astar is a vibrant network that is supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.For more information, visit: Website | Twitter | Discord | Telegram | GitHub | RedditContactMaarten [email protected]

Tokyo, Japan, April 3rd, 2023, ChainwireOn WASM Launch Day, Astar along with Polkadot and other ecosystem partners will host a virtual panel discussion with developersAstar Network, a smart contracts platform for multichain, is thrilled to announce that it will launch Smart Contracts 2.0 – the WebAssembly (WASM) smart contracts that extend the Web3 functionality of EVM – on the mainnet at 14:00 UTC on Thursday, April 06th. With this technical update, Astar Network will support both Ethereum Virtual Machine (EVM) and WASM VM smart contracts on the mainnet.Astar Network is hosting a virtual celebration with the entire Web3 community, called WASM Launch Day. Interested developers, Web3 enthusiasts, and those new to crypto can RSVP for the live panel discussion on WASM Launch Day here. Astar’s Founder Sota Watanabe, Head of Growth Maarten Henskens, and Polkadot developers along with the leading infrastructure teams will discuss how WASM will revolutionize blockchain.With our next level smart contracts, you can create a WASM or EVM project, and you can create new multichain applications. Anyone can also connect their Astar project to any Polkadot or EVM ecosystem. There are no limitations on what you can build. This is the next level of smart contracts!” said Sota Watanabe, Founder of Astar Network.Moreover, Astar Network will hold a virtual meet-up with Parity, Phala, DIA, SubWallet, Brushfam & Subsquid– the infrastructure partners that will build the foundation of Astar’s WASM environment. Developers will also be apprised of how to create a promising multichain network on Astar.On April 6th, Astar Network will become the first Polkadot parachain to support a stable WASM environment by enabling ink! smart contracts. Software developers will be able to build with Polkadot, too, thanks to the XCM functionality.Astar Network supports both the Ethereum Virtual Machine (EVM) and WebAssembly (WASM) smart contract environments. Having two VMs simultaneously and making them interactive is a key success factor for an emerging Layer-1 blockchain. Though Ethereum brought us the Web3 revolution with the introduction of smart contracts, it cannot build the innovative future of blockchain alone.WASM VM enables new developers to begin their Web3 journey on Astar since it is compatible with many programming languages including C/C++, GO, TypeScript, Java, and RUST. Developers don’t need to learn a new programming language from scratch to start building. They can build with the language they are already familiar with. The variety of tools and resources used by software developers can now be integrated with Astar technology.As one of the leading teams pushing WASM and EVM smart contract environments that allow developers to deploy dApps with ease, Astar is committed to bettering the infrastructure around Wasm and ink! within the Polkadot ecosystem.About Astar NetworkAstar 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.One of the first parachains to come to the Polkadot ecosystem, Astar is a vibrant network that is supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.For more information, visit: Website | Twitter | Discord | Telegram | GitHub | RedditContactMaarten [email protected]