It is crucial to gain a competitive advantage in the world for crypto and blockchain. AstroSwap achieves that goal by exerting its first-mover prowess for a launchpad/DEX partnership. Through this effort, projects and developers can access a seamless route from development to trading on Cardano.
The Rise Of Cardano and ADAPad
These past few months have been rather interesting for the Cardano ecosystem. The introduction of staking and smart contracts has given the ecosystem an injection of fresh enthusiasm and desire to build new applications, products, and services. Moreover, it has allowed Cardano to become the third-biggest cryptocurrency by market cap, surpassing more “traditional” entrants like XRP, Binance Coin, and Tether’s USDT.
Such spectacular growth needs to be sustained by any means necessary. The recent addition of ADAPad as the dedicated launchpad for all Cardano-based projects seeking funding and incubational support is a crucial first step. Another significant milestone has been achieved as ADAPad will partner AstroSwap in the first launchpad/DEX partnership for the ecosystem.
The potential for such a partnership is off the charts. One can only acquire the first-mover advantage once, and AstroSwap is ready to go the extra mile for it. Moreover, The AstroSwap team will organize its IDO on ADAPad come October 7. As part of this IDO, investors will be able to acquire AstroSwap’s token at a lower price. Given the IDO performance of Adapad’s $ADAPAD itself, it is not unthinkable AstroSwap’s token will note a triple-digit ROI within the first few days.
BlueZilla Group – Launchpad & Marketing Expertise
ADAPad is a launchpad service provided by the BlueZilla Group. The team has built launchpads for all major blockchains, including Cardano, Ethereum, Binance Smart Chain, Velas, Tron, and more. All of these launchpads facilitate the development, funding, and resource-intensive growth of projects building on that particular blockchain.
It is also worth noting all of these launchpads note tremendously high ROIs. Every launchpad sold its native token through an IDO, which provides returns of over 100x in most cases. Taking $ADAPAD as an example, it has a current ROI of 196.67x and an all-time high ROI of 215.03x. The project has a current market cap of $51.29 million, which seems incredibly undervalued for the default launchpad for the Cardano ecosystem.
With the help of BlueZilla Group – via the ADAPad platform, the AstroSwap IDO will receive all of the support it needs. BlueZilla focuses on investing, incubating, and accelerating early-stage blockchain projects. In addition, the team offers expertise in development, design, marketing, influencing, trading, and legal matters. All of these aspects, combined with the capital raised during the upcoming IDO, will put AstroSwap in a prime position to be successful.
WagyuSwap – Bringing the Tech
The launch of AstroSwap as an interstellar DEX on Cardano is a big development. Its partnership with ADAPad as the first launchpad/DEX cooperation is an even bigger feat. However, it is equally worth acknowledging WagyuSwap plays a role in this process. As one of the projects that is part of the BlueZilla network, WagyuSwap will offer its technology to the most cutting-edge and current DEX.
For those unfamiliar, WagyuSwap is a revolutionary DEX on the Velas network. It will offer many unique features, including staking, swapping, and lottery functionality. Additionally, the team held a token sale by selling $WAG at $0.01 on BSCPad and ETHPad. That token sale was very successful, and $WAG currently trades at $0.602, representing a 60x ROI. Users can track $WAG on Coinmarketcap and CoinGecko. Moreover, the team is working on partnering with other members of the BlueZilla family to facilitate cross-chain transactions and other concepts.
AstroSwap IDO Details
The AstroSwap IDO on ADAPad will occur on October 7, 2021, starting at 8am for the allocation round, and 1pm for the First Come, First Serve round., until sold out. Users will need to be whitelisted for participation and hold at least 200,000 $ADAPAD tokens.
The team will sell 120,000,000 tokens during the Token Generation Event (TGE) and targets an initial market cap of $120,000. The sale is exclusive to ADAPad only, where the team will sell tokens for $0.001 and users can invest with ADA.
In a press release yesterday, the federal agency stated that crypto kiosks, or cryptocurrency ATMs, played a major role in the increasing crimes. The United States GAO (Government Accountability Office) blames crypto kiosks for increasing drug trafficking and human trafficking.
Their reason, however, was that cryptocurrency ATMs aren’t as restricted as crypto exchanges, making their transactions harder to track. The GAO projects that it can be more difficult to curtail illegal transactions as crypto kiosks are becoming more and more popular in the U.S. and worldwide.
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To salvage these impending problems arising from crypto kiosks, the GAO recommended that the Financial Crimes Enforcement Network (FinCEN) and IRS cooperate to place more effective regulations on crypto ATMs.
While observing the challenges in battling crypto-related crimes, GAO explained that the lack of information about crypto kiosks restrains law enforcement’s capability to defeat crime.
Several Agencies Battle Crypto Crimes
In the report, GAO also observes how, globally, cryptocurrencies are used in facilitating crimes and trafficking. Also, agencies have arisen to resist the increase of crypto-associated crimes. These agencies include the Immigration and Customs Enforcement (ICE), U.S Postal Service (USPS), and even the Internal Revenue Service (IRS).
The Irregularities of Crypto Crimes
Although the study shows that crypto-related crimes have upsurged irregularly. Recently, a new report from the crypto research company showed the contrary. In the latter research’s findings, crypto crimes reached their lowest point in 2021-contrary to its increasing volume of the entire blockchain transactions in the year.
Thus, as cryptocurrencies become more adopted, crypto-related crimes will simultaneously increase. However, the expansion of overall crypto transactions is far-outperforming some criminal activity.
Crypto Kiosks And Human Trafficking
The GAO’s report showed that cryptocurrency has recently been adopted as a means of payment for human trafficking. By ‘human trafficking,’ we imply sex trafficking and labor trafficking. More commonly, sex traffickers now adopt cryptocurrencies as a payment option.
Crypto ATMs And Drug Trafficking
The report also stated that after the shutdown of Silk Road-the online dark web market—in 2013, the entire hidden web marketplace has become more secure. Thus, making the marketplace for illicit drugs more difficult for the law to detect. Again, this is because of the growth of smaller marketplaces.
Tightening Gaps Against Cryptocurrency ATMs
The GAO’s problem with cryptocurrency ATMs is that, although the ATM operators must be registered with the FinCEN, they don’t usually notify law enforcement agencies about their ATMs’ locations. That action impedes the federal agencies’ access to locate ATMs in areas stated as high-risk regions for financial crimes.
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Thus, by increasing regulations on cryptocurrency ATMs, the GAO presumes that enforcing the government will access better information. Also, they will be able to locate potentially illegal transactions.
Featured image from Pixabay, chart from TradingView.com
At the WEF’s 2022 Davos agenda, Narendra Modi, Indian Prime Minister, called for a united global stand to tackle the issues emerging from the cryptocurrencies’ increasing adoption. The key takeaway of the Indian PM’s talk was, “A single country cannot tackle the challenges from crypto well enough.”
Call For A Standard Global Approach
Talking for all intents and purposes at the World Economic Forum’s 2022 Davos Agenda on Monday, the Indian Prime Minister discussed several challenges, including a requirement for a common global practice to deal with cryptocurrencies.
He said at the WEF agenda;
“The kind of technology that is associated with it, the decisions taken by a single country will be insufficient to deal with its challenges. We have to have a similar mindset.”
Despite not having significant industry regulations and laws for protecting investors, crypto trading in India keeps gaining traction. Due to profoundly different perspectives of crypto industry representatives and financial sector regulators, the government plans to pass a bill in this challenging situation to protect investors better.
The India PM added,
“Cryptocurrency is an example of the kind of challenges we are facing as a global family with a changing global order. To fight this, every nation, every global agency needs to have collective and synchronized action.”
Modi Government Undecided On Crypto Bill
In December 2022, during the winter session parliament discussion, the crypto bill was the top priority for the debates. Still, the government could not finalize things because it could not stand firm on a few critical issues.
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According to some sources, the government concluded that they would look for worldwide help figuring out a common approach. Still, the authorities have not yet confirmed why they failed to produce the bill to parliament.
Total market cap at $1.977 trillion | Source: Crypto Total Market Cap on TradingView.com
Modi’s Recent Speeches And The Crypto
In the last quarter’s time span, the Indian Prime Minister has spoken at several world forums many times, but he never talked about this issue to the local audience in India.
In November 2021, at the Sydney Dialogue, Modi, in his speech, forewarned that we must protect emerging tech from any mishandling. Likewise, during the US President Joe Biden-facilitated Democracy Summit, Modi said emerging technologies ought to ensure a majority rule system, not subvert it.
Emphasizing his stance on the matter at the WEF’ Davos Agenda 2022, Modi noted,
“He reiterated this stance during his WEF speech yesterday. “That’s why every democratic nation has the responsibility to bring about an emphasis towards reforms in these institutions to make them capable enough to deal with modern challenges in the future.”
The event in question, Davos Agenda of the WEF, is being held from 17-21 this month, January 2022. Several state heads are lined up to address the event.
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International organizations, top industry leaders, and civil society will also participate in the summit. It aims at the deliberations on critical challenges that the world faces today and discusses how to tackle them.
The algorithms and analytic programs for cryptocurrencies are rising in number which in return gives traders a better understanding of cryptocurrencies. This helps in predicting and analyzing particular cryptocurrencies which assists traders to watch those tokens keenly.
Since the last quarter of 2021, the market has delivered a bearish-pattern until the first two-weeks of the new year. On the other hand, some altcoins have performed well which gathered the attention of investors. However, Cardano comes under this category which began to recover from its bearish-trend recently while attempting to grab investors’ attention.
Significantly, the arrival of Cardano’s SundaeSwap seems to be the prime reason for the recent upward momentum with a 13% hike. SundaeSwap will operate using smart contracts to match token trades between users and distributors. Additionally, a certain percent of trading fee is in return to investors in the form of yield farming. The developing team of Cardano stated:
“SundaeSwap will debut as a fully functional beta decentralized exchange (DEX). While the DEX’s smart contracts have been thoroughly reviewed and the DEX will exceed all industry security standards, full decentralized governance will not be achievable right away due to the Cardano blockchain’s current transaction size constraints.”
DeFi protocols are in a state of development for launching on the Cardano blockchain network. Additional development is that Cardano’s Defi hub Ardana has partnered with DApp platform NEAR Protocol in a business partnership. This collaboration will aid in the creation of a bridge between Cardano and NEAR, allowing for the frictionless movement of assets.
As a part of development, Cardano’s parent company IOHK has announced the on-chain and off chain solutions. Additionally, the next update from the network is Cardano’s Hydra scalability solution which will go live on the testnet. At the time of writing, ADA was trading at $1.38 which has surged up over 7% within the last 24-hours. Furthermore, the continuous developments and updates from the Cardano network will certainly lead ADA to reach new ATH.