Current situation of Japan’s crypto market: regulation intervened too early, and competitiveness is not as good as Hong Kong and Singapore?
By Rick Maeda
Compiled by: TechFlow
overview
Despite Japan’s early adoption of cryptocurrency, its development has been rocky due to two of the largest crypto exchange hacks in history.
These events forced Japan’s regulators to step in earlier than in other countries and provide a clear regulatory framework for the industry.
However, strict regulations and high taxes make Japan less competitive than its neighbors such as Singapore and Hong Kong.
With low transaction volumes and a lackluster domestic startup environment, Japan faces numerous challenges in developing its Web3 industry, and a revival will require major policy changes.
$ASTR will take a snapshot of their game YOKI this week and then airdrop it. It is not clear what the specific airdrop is, but it is expected to be good content. Those who play YOKI need to work hard this week. Then the YOKI game will come to an end at the end of May, and new activities are expected to start in June. It is said that YOKI is not only an NFT, but may also have games or other peripheral expansions. Look forward to the follow-up.
$ASTR has been making a lot of small moves recently. The NFT (estimated) WALKMON in cooperation with Sony is expected to be released in free mint in mid-June. From the name, you can tell that it is related to SONY's WALKMAN!
This is a good thing#ASTR $ASTR It is finally possible to use ASTR tokens on ASTR ZKEVM. This will greatly increase the scenarios and frequency of use.
ASTR token transfers are now LIVE between Astar EVM and zkEVM using @StargateFinance bridge! 🌉 So you can go ahead and move ASTR from the Substrate side to Astar zkEVM quickly and easily for use on popular dApps and liquidity protocols such as:
$ASTR is finally starting to bounce back. For friends who have held positions for a long time, I am really grateful. As I said before, 2024 will still be a battle for public chains, and ASTR is rooted in Japan. There are many, many excellent IPs and companies that need to enter the world of Web3.0, and their best entrance is the Japanese domestic public chain. The chain's ASTR has a complete ecology and cross-chain infrastructure. We look forward to further cooperation between major companies such as SONY and ASTR, and we look forward to Playstation games appearing on ASTR. It will be 0.4 soon. It is only a matter of time before it breaks through 1$.
It is definitely wrong to say that $ASTR is a garbage coin, because from February 12th to today, March 8th, even if you buy garbage coins, it will rise much more than $ASTR . Countless coming soon has made everyone leave disappointed. So $ASTR is the King of garbage coins. As a result, the market value ranking dropped from 66th to 117th...shitcoin’s King!
$ASTR will still be a battle for public chains in 2024, and ASTR is continuing to improve the ecology of #ASTR . The number of valid holding addresses now reaches 737570, which is considered a very large number among major public chains. ASTR also has its own AI project Neurolanche X Labs. This project also has tokens $NEROX will definitely conduct airdrops to acquire users in the future. From the current K-line, it seems that around 3/13, the trend will begin to reverse and return to the upward track. Look forward to.
$ASTR zkEVM allows#ASTRto connect to DOT, $ETH , and now $MATIC. A very huge Web3.0 network has been formed. Now the dapp staking on the ASTR network is also very popular... 15%+. More and more people are buying and staking, which will reduce circulation in the long run, boost currency prices, and form a virtuous cycle. Moreover, various ecological projects above have the need to issue tokens, and the ASTR ecosystem will usher in a large-scale airdrop.