Asterix Labs

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Discover Asterix Labs's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Asterix Labs?

Asterix Labs (ASTX) is a digital ownership platform that leverages the DN404 smart contract, linking a fungible ERC-20 token with a non-fungible ERC-721 token. This ensures mirrored ownership between the two, allowing users to purchase tokens and corresponding NFTs on various marketplaces like Opensea, Blur, and Opensea Pro.

How is Asterix Labs used?

Asterix Labs (ASTX) is a cryptocurrency that can be used for various purposes within the Web3 ecosystem. Here are some ways ASTX is utilized:

  1. Trading and Investment: ASTX can be bought and sold on decentralized exchanges (DEXs) and other cryptocurrency platforms. Users can invest in ASTX as a speculative asset, hoping to profit from price increases.

  2. Decentralized Applications (dApps): ASTX can be used to interact with dApps built on the Asterix Labs platform. These applications leverage the DN404 smart contract code, which provides advanced functionality and security.

  3. NFT Projects: Asterix Labs is involved in NFT projects, such as Asterix*, which combines art from renowned studios with optimized DN404 technology. ASTX can be used to purchase and trade these NFTs.

  1. Community Engagement: The Asterix Labs community uses ASTX to participate in various activities, such as voting on proposals, accessing exclusive content, and engaging in discussions.

  2. Payment and Transactions: ASTX can be used for peer-to-peer transactions, allowing users to send and receive the cryptocurrency directly.

Overall, ASTX serves as a utility token within the Asterix Labs ecosystem, facilitating interactions, transactions, and engagement across various Web3 applications and services.

How do I store Asterix Labs?

To store Asterix Labs (ASTX) tokens securely, it is recommended to use a wallet outside of the exchange. The safest option is a "Cold Wallet," which is completely offline. This type of wallet provides maximum security for storing large amounts of cryptocurrency over an extended period.

How to buy Asterix Labs?

To buy Asterix Labs (ASTX) tokens, follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that supports ASTX and is available in your region. Popular options include Coinbase Wallet, MetaMask, and TrustWallet. Consider both hot wallets for frequent trading and cold wallets for long-term storage.

  2. Set up Your Wallet: Create an account, provide personal information, and set a strong password. Note down your secret recovery phrase or seed words carefully.

  3. Buy a Base Currency: Choose a cryptocurrency exchange platform and purchase a base currency like Bitcoin, Ethereum, or Tether. This will be used to trade ASTX.

  1. Transfer Funds to Your Wallet: Withdraw your base currency to your crypto wallet by providing your wallet address and the amount to transfer.

  2. Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet, such as Pancake Swap. Compare trading fees and liquidity before making a choice.

  3. Buy Asterix Labs (ASTX): Connect your wallet to the DEX, select ASTX, and enter the amount you want to trade. Be cautious of market trends and diversify your portfolio.

  1. Use Smart Contracts if Necessary: If ASTX is not listed, use bscscan or etherscan to find the smart contract address and paste it into the DEX. Ensure the correct contract address to avoid scams.

Additionally, you can buy ASTX directly with a credit or debit card through platforms like Atomic Wallet, which offers low fees and fast transactions.

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History of Asterix Labs

Asterix Labs (ASTX) is a cryptocurrency that has experienced significant volatility in its price history. The asset has reached an all-time high of $2,321.37 and dipped to an all-time low of $536.35, indicating a highly erratic market performance.

In terms of funding, Asterix Labs has received investments from notable firms such as Hashed Fund, Everest Ventures, Momentum 6, Arcane Group, DeFi Capital, and LiquidX, among others. The project has also seen involvement from prominent individuals like Kevin Lin, Spirit DAO, and Ray Chan.

Asterix Labs is positioned at the forefront of Web3 innovation, focusing on developing cutting-edge technologies and trends. Its flagship project features the advanced DN404 smart contract code, showcasing the project's commitment to setting new standards in the digital asset space.

The project's long-term price predictions are highly optimistic, with experts projecting an average price of $3,443.34 by the end of 2024 and potential long-term growth reaching $130,433.43 by 2030. These predictions are based on technical analysis, market sentiment, and historical price data.

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How Asterix Labs works

Asterix Labs (ASTX) is a cryptocurrency that operates on a blockchain network. Here's an overview of how it works:

Wallet Setup

To start using ASTX, you need a cryptocurrency wallet. There are different types of wallets, such as hot wallets and cold wallets. Hot wallets are suitable for frequent transactions, while cold wallets are more secure and ideal for long-term storage. You can choose a wallet like Coinbase Wallet, MetaMask, or TrustWallet, and set it up by creating an account and securing it with a strong password and a secret recovery phrase.

Buying Base Currency

To purchase ASTX, you need a base currency like Bitcoin, Ethereum, or Tether. You can buy this base currency on a cryptocurrency exchange platform. It's essential to be aware of market trends, trading fees, and crypto taxes due to high volatility.

Transferring Funds

Once you have your base currency, you can transfer it to your wallet. This involves logging into your exchange account, providing your wallet address, and specifying the amount to transfer. After a brief wait, the funds should appear in your wallet.

Decentralized Exchange (DEX)

To buy ASTX, you need to use a decentralized exchange (DEX) that supports your wallet. A DEX is a peer-to-peer platform where individuals can buy and sell cryptocurrencies. You can choose a DEX like Pancake Swap and connect it to your wallet.

Buying ASTX

On the DEX, you can select ASTX from the list and enter the amount you want to trade. It's crucial to diversify your portfolio and be aware of market risks. You can also use smart contract addresses to locate ASTX if it's not listed on the DEX.

Staking

Asterix Labs also offers staking, which allows you to earn passive income by holding ASTX in your wallet. This involves locking your tokens for a specified period, and in return, you receive interest on your holdings. Staking can be a good strategy for long-term investors.

Overall, Asterix Labs operates on a blockchain network, allowing users to buy, sell, and stake ASTX tokens. It's essential to follow the necessary steps, be aware of market risks, and diversify your portfolio to maximize your returns.

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Asterix Labs's strengths

The token Asterix Labs (ASTX) has several strengths that make it an attractive investment opportunity:

  1. Optimistic Long-term Price Predictions: Experts predict that ASTX could reach an average price of $130,433.43 by 2030, indicating significant long-term growth potential.

  2. Digital Ownership Platform: Asterix Labs is a digital ownership platform powered by DN404, a contract linking a fungible ERC-20 token and a non-fungible ERC-721 token. This ensures that actions on one contract are reflected on the other, providing a robust and secure ownership structure.

  3. NFT Integration: The platform offers corresponding NFTs, with ownership mirrored between the token and NFTs. Users can purchase these on various marketplaces like Opensea, Blur, and Opensea Pro, expanding the token's utility and market reach.

  1. Web3 Innovation: Asterix Labs is committed to developing cutting-edge technologies and trends in the Web3 space, positioning itself at the forefront of innovation.

  2. Strong Community: The platform has a dedicated community of visionaries united in innovation, which can contribute to its growth and adoption.

These strengths suggest that Asterix Labs has a solid foundation for future growth and could be an attractive investment opportunity for those interested in the cryptocurrency market.

Asterix Labs's risks

Asterix Labs (ASTX) is a digital ownership platform that offers a fungible ERC-20 token and corresponding non-fungible ERC-721 tokens. The platform ensures mirrored ownership between these tokens through the DN404 contract. Users can purchase these tokens and NFTs on various marketplaces like Opensea, Blur, and Opensea Pro.

Financial Risks

Asterix Labs has raised funds through strategic investments in March 2024, with notable investors including Hashed Fund, Everest Ventures, and DeFi Capital. The platform's financial risks are moderate, with a risk score indicating a relatively moderate risk investment. This suggests that investors should be cautious and consider the potential challenges the platform may face.

Risk Assessment

The financial risks associated with Asterix Labs include the potential for losses due to market volatility, regulatory changes, and the execution of corporate strategy. These risks are common in the cryptocurrency space and can impact the value of the $ASTX token and the overall success of the platform.

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Did Asterix Labs raise funds?

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Asterix Labs’s team

  • Co-Founders and Key Team Members:
    • Icedcoffee: Co-Founder at Spirit DAO.
    • CHAR: Building a Community Company at Memeland, Memecoin, and Stakeland.
    • Karl Mjardsjo: Partner at Arcane Group.
    • John Ng Pangilinan: Managing Partner at Signum Capital.
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