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Asdra Ecosystem
Creating the Asdra ecosystem requires rethinking everything from the ground up. Asdra protocol is the evolution of decentralized financial governance protocol.
Asdra aims to provide multi-stable token financial services that include a smooth and simplified user experience. We leverage the capabilities of blockchain including the entire Asdra Protocol, which consists of five layers that work in harmony to solve global remittances by creating new banking services that anyone can use.
Asdra Ecosystem Stacks
The Asdra ecosystem combines multiple products with a CeFi-on-Ramp system followed by a Dapp environment that is unknowingly used by all participants. It allows Asdra to offer users financial products, crypto-liquidity assets, and a range of Decentralized Financial Products that are fully managed by smart contracts which can be used by anyone and will allow them to enjoy the privacy and security of the entire protocol.
We build a protocol to facilitate the use of multiple stable currency payment systems while providing:
Objective 1: One-tap user onboarding
As a famous quote goes, "Design is not just how it looks like or feels like. Design is how it works."
Asdra puts the user at the center of our forward-thinking approach. To simplify onboarding, we integrate Apple and Google login features. Both Apple and Google provide us with a unique user identifier based on the user's device and their iCloud and Google account. The identifier is unique to the Asdra application certificates.
This allows us to associate the blockchain wallet address with a temporary username. The user will be able to search for their family through contacts or usernames. After completing the security and KYC process, the user will be able to update their username and write down the wallet passphrase for security purposes.
Objective 2: Best exchange rate and almost zero transaction fees
Incorporated into the Exchange & Remittance Layer and the Vault & Tokens Layers, smart contracts are designed to provide users with the benefits of stable fiat token that ensures its stability and enables global transfers at the lowest costs.
Using multiple sources of exchange rate data from a decentralized oracle network, complex smart contracts can use reliable, tamper-proof inputs and outputs.
The Exchange & Remittance Layer of the Asdra platform incorporates the concept of a gas station network to allow Asdra to securely manage and pay users' transaction fees, so users do not need to open an account or purchase ASDRA to pay their gas fees.
Objective 3: Instant speed transaction
Asdra was designed with scalability in mind. Asdra Ecosystem is built with the latest Blockchain Technology.
The Asdra Protocol provides a framework for creating and connecting with compatible blockchain networks. Scalable solutions are aggregated on top of a multichain blockchain ecosystem, thereby enabling Asdra to run more efficiently and faster.
With the help of its Blockchain network, Asdra Move is capable of offering remittance transactions in a secure, transparent manner. With decentralization, Blockchain and smart contracts are able to execute transactions in real-time by using that same proof-of-stake mechanism and by interacting with its native token and the consensus mechanism that drives it.
Objective 4: Receive cash fast
Getting cash out is critical for family members. Asdra and its potential partners have developed applications that enable daily transactions, currency exchanges or payments, international settlements, and support for multiple branches.
Businesses such as convenience stores and currency exchanges with appropriate licenses are eligible to participate. This approach makes it easier and simpler and allows family members to collect their payment as soon as it is processed.
Objective 5: Positive economic impact
Asdra Remittance Layer will solve the problem of unregulated remittance systems that occur globally, often referred to as Hawala (informal value transfer system).
The current underground system has a flaw because when money is transferred through remittances, it appears that cash has been transferred on the other side, but no money has been physically transferred from the country of origin to the country of destination. In addition, this also poses a major challenge to existing legal and regulatory regimes on money laundering and terrorist financing.
Asdra enables fast transactions that are both protected and traceable, as well as compliant with local AML laws and regulations.
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Last modified 6mo ago