## Что такое BitDAO (BIT)?

BitDAO - это децентрализованная автономная организация, которая стремится создать равные условия для каждого человека в мире построив децентрализованную экономику токенов. Этот протокол является одной из новейших и крупнейших в мире децентрализованных автономных организаций, ориентированных на DeFi, а управляется самими держателями токенов BIT.

Одной из первоочередных целей проекта является привлечение талантливых разработчиков посредством свопов токенов и совместных разработок. Свопы токенов позволят казначейству BitDAO собрать коллекцию токенов лучших криптопроектов.

Видение BitDAO - это открытые финансы и децентрализованная токенизированная экономика. BitDAO надеется поддержать широкий спектр проектов, включая DeFi, DAO, NFT и игры. Поддержка будет оказана в форме R&D, вливаний ликвидности и финансирования.

### Кто создал BitDAO?

У BitDAO нет основателей; проект поддерживается группой вкладчиков, владеющих токенами BIT.

За протоколом не стоит какая-либо команда или компания - поскольку это DAO - это означает, что различные лица могут предлагать, какие изменения внести в протокол BitDAO, и именно голоса держателей BIT решают, принять или отклонить эти предложения.

Эта DAO - одна из крупнейших в мире, ее поддерживают Питер Тиль, Founders Fund, Pantera, Dragonfly, Spartan, Bybit и другие институциональные инвесторы.

Bybit поддержали BitDAO одними из первых, обязавшись делать регулярные взносы в казну BitDAO из процента с прибыли биржи, что в 2021 превысило миллиард долларов. См.: https://www.bitdao.io/analytics/

### Что особенного в BitDAO?

BitDAO делает шаги к партнерству с существующими и развивающимися проектами посредством обмена токенов. Обмен токенов позволит казначейству BitDAO собрать коллекцию лучших криптовалютных токенов. Приоритетными являются токены DEX (децентрализованных бирж), занимающимися спотовой торговлей и деривативами.

Цель BitDAO в создании продуктов, которые будут укреплять функциональность и эффективность самой BitDAO и других DAO. Основной продукт - это набор решений и продуктов для управления на блокчейне и вне его, при котором казначейство DAO может размещать и контролировать активы для получения прибыли. Кроме того, BitDAO собирается предоставлять гранты на исследования или продукты достойным командам в криптоиндустрии. Судьба каждого гранта решается на голосовании и оценивается из соображений приносимого общественного блага для криптоиндустрии.

Вот некоторые из целей BitDAO:

* Партнерство с проектами посредством обмена токенов и совместной разработки. Обмен токенов позволит казначейству BitDAO накопить коллекцию токенов лучших криптопроектов;
* Создание продуктов, которые позволят BitDAO и другим DAO функционировать более эффективно. Сюда входят решения по управлению на блокчейне и вне его, а также решения по управлению казначейством ДАО;
* Предоставлять гранты командам, которые проводят исследования или создают продукты, работающими на благо криптоиндустрии

Все решения казначейства определяются процессом голосования держателями токенов BIT.

* BitDAO не является компанией. У нее нет менеджмента или сотрудников.
* BitDAO - это собрание соучастников, владеющих токенами BIT и мотивированных на успех проекта.
* Различные люди и команды будут предлагать изменения в протоколе BitDAO. Держатели BIT должны голосовать за принятие или отклонение этих предложений.
* Владение BIT дает вам право подавать предложения и голосовать по ним. Это не дает вам права навязывать свою волю другим участникам.
* Проект BitDAO будет со временем меняться и развиваться, неизбежно появятся лидеры сообщества. Предложения по управлению и обсуждения повлияют на направление развития проекта.
* Видение и миссия BitDAO будут определяться держателями токенов, вкладчиками и лидерами сообщества.

**Узнайте больше на сайте** [https://medium.com/bitdao/introducing-bitdao-464ebf80eb56](https://medium.com/bitdao/introducing-bitdao-464ebf80eb56) https://docs.bitdao.io/

#### Связанные страницы:

[Что такое Dai?](https://coinmarketcap.com/ru/currencies/dia/)

[Что такое Fei Protocol?](https://coinmarketcap.com/ru/currencies/fei-protocol/)

[Какие биржи занимают первые места в нашем рейтинге?](https://coinmarketcap.com/rankings/exchanges/)

Чтобы узнать о новостях, трендовых монетах, аирдропах и многом другом, [посетите наш блог](https://coinmarketcap.com/alexandria/categories/blog).

### Сколько монет BitDAO (BIT) находится в обращении?

На данный момент нет рыночной статистики по монетам BitDAO, так как торги еще не начались. Первоначальный план - распространить 200 000 000 BIT.

Распределение будет следующим:

Частная продажа - 5% (10000000 $BIT)

Вознаграждение партнеров по запуску - 5% (10000000 $BIT)

Казначейство BitDAO - 30% (600000000 $BIT)

Партнер (ByBit) - 15% (300000000 $BIT) с гибкими условиями владения

Партнер (Bybit) - 45% (900000000 $BIT) заблокировано

В распределении учтены токены для частной продажи, которая состоялась 15 октября 2021 года. В казначействе BitDAO хранится 30% от общего количества токенов, которые принадлежат соучастникам (держателям токенов) пропорционально количеству принадлежащих им токенов. Казначейские токены могут быть использованы для вознаграждений, грантов и свопов, а их использование определяется предложениями и голосованиями соучастников.

Bybit владеет самой большой долей токенов BIT, часть из них доступна для трат, а часть заблокирована. Эти токены Bybit могут быть использованы для R&D целей. Компания Bybit обязалась внести значительный вклад в казну BitDAO.

### Как обеспечивается безопасность сети BitDAO?

Платформа BitDAO использует SSL-шифрование для защиты личных данных пользователей на платформе. BitDAO также сотрудничает с компанией Amber, одним из лидеров рынка кибер- и криптобезопасности, и использует специализированные инфраструктурные решения, такие как Fireblocks и BitGo.

BitDAO принадлежит и управляется держателями токенов BIT, при этом следующие действия выполняются только после успешного предложения и голосования:

* обмен токенами с существующими и развивающимися проектами.
* распределение средств казначейства по различным стратегическим направлениям.
* поддержка ликвидности для партнерских проектов.
* гранты или вознаграждения командам разработчиков и центрам R&D за достижения в создании продуктов BitDAO или поддержки продуктов партнеров.
* гранты на технологические проекты, образовательные программы или другие общественные блага, связанные с блокчейном.
* обновления основных протоколов BitDAO (включая функции руководства и управления казначейством).

### Где можно купить BitDAO (BIT)?

Чтобы узнать, в каких торговых парах и где торгуется BitDAO, загляните на вкладку [Рынки](https://coinmarketcap.com/ru/currencies/bitdao/markets/).

Также мы подготовили подробное руководство о том, [как покупать криптовалюту](https://coinmarketcap.com/how-to-buy-bitcoin/).

What Is Mantle Network? Ethereum Layer-2 Chain

Week in DeFi: Tornado Cash Back to Life, ZkEVMs Heat Up and a Polygon Identity

A Complete Overview of the DAOs Ecosystem

What Is BitDAO (BIT)?

BitDAO

Trust Wallet

MetaMask

Ethereum

Shiba Inu

Chainlink

Uniswap

UNUS SED LEO

Lido DAO

Worldcoin

Ethena

Wormhole

Aave

Render

Ondo

Gala

The Sandbox

The Graph

Railgun

Phemex Token

Lybra Finance

HIRO

Trog

Huobi Token (HT) is the native token of the cryptocurrency exchange Huobi Global. It is a decentralized digital asset based on the Ethereum blockchain and is ERC-20 compliant. HT’s value is in part reliant upon the reputation of the Huobi crypto exchange, yet other factors also have an impact.

To learn more about this project, check out our deep dive of Huobi Token.

Huobi Token is a relatively young project. It first launched in January 2018, hot on the heels of the release of a native token on rival crypto exchange Binance. Having its own token allows Huobi to build a flexible marketing strategy in order to attract new users and further grow its platform.

One key function of the token is to reduce commissions for trading operations on the exchange, which are usually paid from users' wallets. Yet the token has much more to offer. Using HT, users can purchase monthly VIP-status plans to receive discounts on transaction fees. Token holders have the right to vote on exchange decisions, can receive crypto rewards for seasonal buybacks, and also get early access to special events. HT holders can, at any point, trade the token for other cryptocurrencies.

Huobi Token

Ethereum-based DYDX ($ethDYDX) is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol built on Ethereum ("dYdX v3"). ethDYDX is currently undergoing a migration from Ethereum to the dYdX Chain. More information is available here. If you want to migrate ethDYDX to dYdX Chain DYDX, to enable staking, security and governance of the dYdX Chain you can follow the how-to-bridge guide here.

If you want to read about the new token utility for dYdX Chain DYDX you can read the blog here

ethDYDX (dYdX) is the governance token for the layer 2 protocol built on Ethereum. By enabling shared control of dYdX v3, ethDYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced dYdX v3.

Built on StarkWare’s StarkEx scalability engine, layer 2 is used for trading of cross-margined perpetuals on the platform. The scaling solution allows dYdX to increase transaction speed, eliminate gas costs, reduce trading fees and lower​​ minimum trade sizes on the protocol.

A total of 1,000,000,000 ethDYDX have been minted, and started to become accessible over five (5) years, on August 3rd, 2021, at 15:00:00 UTC.

dYdX (ethDYDX)

FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019. On Nov. 11, 2022, FTX filed for Chapter 11 bankruptcy protection in the U.S., and is currently undergoing proceedings. Some of the information below may not reflect the current standings of the FTX exchange, please proceed with caution when interacting with the FTT token.

The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralized collateral pool and universal stablecoin settlement. FTX is a centralized crypto exchange launched by Sam Bankman-Fried in 2019, backed by significant trading companies in the industry, including Almeda Research, OTPP, Temasek, BlackRock, Coinbase Ventures and Sequoia Capital. As of 2022, the platform has over a million registered members, and the daily trading volume has reached billions of dollars.

In regards to clawback prevention, a significant amount of customer funds on other derivative exchanges have been claimed by socialized losses. FTX reduces this by using a three-tiered liquidation model.

On existing crypto futures exchanges, the collateral is fragmented across separate token wallets; this can be difficult for traders as it prevents positions from getting liquidated. On the other hand, FTX derivatives are stablecoin-settled and only require one universal margin wallet.

Another feature of the FTT are leveraged tokens, which allow traders to put leveraged positions without the need to trade on margin. If a trader wants to short Bitcoin with 3x leverage, they can simply buy a 3x short Bitcoin leveraged token on FTX. These tokens are ERC20-compatible and can be listed on any spot exchange. FTX currently offers XRP, BNB, TRX, BTC, ETH, EOS, USDT and LEO leveraged tokens.

A year after its founding, FTX Exchange introduced the exchange token called FTX Token or FTT. The FTT coin is an ERC-20 standard token that is actively used by ecosystem participants.

Initially, FTT was established as a reward for exchange transactions; however, over the years the list of functions has grown:

FTT is applicable in the creation of leveraged tokens on the FTX Exchange; users can receive VIP discounts in the form of FTT depending on the number of coins they own, and it’s possible to earn rewards for providing liquidity through futures positions.

In order to maintain its value, the exchange regularly buys back and burns its tokens, spending on the purchase of FTX: 33% of trading fees, 10% of the reserve fund, and 5% of other commissions.

FTT Token use cases:

1/3 of the commissions received from transactions on FTX are utilized to buy back FTT. Tokens redeemed in this way are burned;

FTT tokens are used to reduce trading fees and to secure futures positions;

Profits from massive market movements are distributed among the holders;

By purchasing a white label version of FTX’s OTC portal and futures market, institutions and investors pay expenses in FTT tokens;

By creating leveraged tokens, projects can pay listing fees with FTT;

Users can stake FTT to benefit from discounts, bonus votes, and blockchain fee waivers.

One benefit of FTX Token (FTT) is commission discounts. Members pay a low fee and obtain tighter spreads. Traders use FTT as collateral, and those who are active on FTX Exchange see percentage differences of up to 60%. Traders get insurance protection, which ensures a net profit in moments of market volatility, then makes it possible to continue trading even without a margin call.

In addition to the fact that FTT is useful for opening positions with leverage, FTT staking also offers perks: discounts, the opportunity to win NFTs, participation in airdrops, bonus votes and IEO tickets.

FTX Token

Flow

Biconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products. Biconomy offers an infrastructure to solve several web3 bottlenecks:

Protocols can onboard users without paying gas fees.

Users can pay gas in an ERC-20 token of their choice.

Users avoid blockchain complexities like a change of network.

Transactions are confirmed much faster.

In short, Biconomy focuses on transaction management and gas optimization and can reduce gas costs by up to 40%. To achieve that, the protocol utilizes meta transactions, allowing users to submit a transaction with zero gas and having a third party pay for the transaction fees for the user. By providing a non-custodial and gas-efficient relayer infrastructure network, Biconomy is able to do this at scale.

Biconomy

The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space.

The 1inch Network's first protocol is a decentralized exchange (DEX) aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. The 1inch Aggregation Protocol incorporates the Pathfinder algorithm for finding the best paths across over 400+ liquidity sources on 12 chains: Ethereum, BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, Fantom, Gnosis Chain, Klaytn, Aurora, zkSync and Base.

In just over two years the 1inch DEX aggregator has reached 1M users and surpassed $150B in overall volume on the Ethereum network alone.

The 1inch Limit Order Protocol facilitates the most innovative and flexible limit order swap opportunities in DeFi. The protocol’s features, such as dynamic pricing, conditional orders, and extra RFQ support, power various implementations, including stop-loss and trailing stop orders, as well as auctions.

The 1inch Wallet is a multichain mobile platform that provides an easy-to-navigate interface with secure storing, transaction, and staking capabilities. This versatile wallet was built from the ground up to streamline interacting with 1inch’s features.

The 1INCH token is the governance and utility token of the 1inch Network. 1INCH holders can stake their tokens to participate in the 1inch Network's DAO governance, including the 1inch DAO Treasury management. Also, holders can choose resolvers and earn a part of their fees.

With the 1inch Fusion, users can stake 1INCH tokens to receive Unicorn Power (UP), then subsequently delegate their UP to any 1inch Fusion Resolver to start receiving rewards from them. When staking, there is the option to set a custom or preset lock period. User’s st1INCH tokens cannot be unstaked/withdrawn without penalty until the designated lock period expires.

In December 2020, 1inch raised $12 million in Series A funding, led by Pantera Capital, with others including ParaFi Capital, Blockchain Capital, Nima Capital, and Spartan Group. The funding round was conducted through a SAFT (simple agreement for future tokens) sale.

In December 2021, 1inch has closed a $175 million Series B round, led by Amber Group. Among about 50 investors that participated in the funding event are Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund.

1inch Network

Trust Wallet Token, or TWT, is a simple BEP-20 utility token that provides a range of benefits and incentives to Trust Wallet users. Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on the Ethereum, Binance and TRON blockchains.

Holders of TWT tokens unlock a variety of benefits when using Trust Wallet, including discounts on in-app cryptocurrency purchases and on the use of decentralized exchange (DEX) services. TWT holders can also participate in the governance of Trust Wallet and can vote on Trust Wallet update proposals, helping to shape the development of the app.

Trust Wallet Token was initially launched as a BEP-2 asset on Binance Chain, but was relaunched as a BEP-20 token on Binance Smart Chain in October 2020.

Trust Wallet Token

Mina Protocol is a minimal “succinct blockchain” built to curtail computational requirements in order to run DApps more efficiently. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. Furthermore, it remains balanced in terms of security and decentralization. The project was rebranded from Coda Protocol to Mina in October 2020.

To learn more about this project, check out our deep dive of Mina Protocol.

The Mina network has a size of only 22 KB, which is miniscule when compared to Bitcoin’s 300 GB blockchain.

Mina

DAO Maker (DAO) is an incubator that provides growth technology and SaaS solutions for crypto startups. The goal of this project is to help startups secure venture capital funding by making it simpler for investors to locate projects in which they can securely invest via IDOs.

DAO Maker works by helping new projects build their communities and then converting these communities into value-adding members of a DAO using tokens.

Retail investors can invest in digital assets and stocks at an early stage through the platform’s investment system, DAO Pad. It’s designed to help crowdfund young protocols by appealing to small-scale investors.

In addition to this investment system, the company also incubates new projects, gives users social mining rewards, and offers advisory services and advice on how to run their companies.

Several successful projects have been launched through DAO Maker, including Orion Protocol, My Neighbor Alice, LaunchX, and DAFI Protocol. The platform also helped launch Seascape Network (CWS) and Infinity Pad (IPAD).

DAO Maker

Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.

Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.

In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.

Curve DAO Token

Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as:

An exchange to swap tokens

A yield farm to earn rewards

Syrup pools to stake CAKE tokens

Ethereum liquid staking (wBETH) and simple staking

Pancake Protectors game

v3 position manager (new feature)

A prediction market

Initial Farm Offering (IFO) token launches

A bridge to bridge CAKE to Ethereum and Aptos

A lottery

An NFT marketplace

Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE." The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions. Over 102% of minted CAKE is burned weekly. This is intended to provide a multi-year runway for emissions and incentivize locking up CAKE, making the token more valuable long-term.

PancakeSwap has an anonymous team of “Chefs,” working in the PancakeSwap “Kitchen.” The platform is open-source and has been audited by multiple reputable blockchain security firms like Peckshield and Slowmist.

Although the bear market has impacted TVL and trading volume for the protocol, PancakeSwap still boasts an annualized revenue of $27 million, with 42% of CAKE is staked:

PancakeSwap

Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment.

Moonbeam is much more than just an EVM implementation: it’s a highly specialized parachain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The Moonbeam platform extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations.

Moonbeam’s Ethereum compatibility is unmatched:

Minimal Changes: developers can use existing Solidity smart contracts right away, with no need to rewrite or reconfigure

Use Existing Developer Tools: connect popular tools like MetaMask, Hardhat, Waffle, Remix, and Truffle via a complete set of Web3 RPC endpoints. Use well-known Javascript libraries such as Web3.Js or Ethers.Js.

Unified Accounts, Addresses, and Signatures: use your existing Ethereum H160 accounts & ECDSA signatures to interact with Moonbeam

Tap into the Most Integrations on Polkadot: use existing oracles, bridges, wallets, and other tools that are already building on Moonbeam

Moonbeam provides integration and connectivity between Polkadot Parachains as well as with other chains such as Ethereum and Bitcoin via bridges. Moonbeam was started in 2019 by Derek Yoo of Pure Stake.

Moonbeam

Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.

According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.

OKB is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx. The exchange is one of the largest in the world andcurrently ranks third in liquidity, fourth in trading volume, and provides a wide selection of trading pairs. OKEx is similar in many aspects to the cryptocurrency exchange giantBinance, but there are a few key differences. The OKEx platform has its owncloud mining service, and the company has a more focused reach in providing options trading for users. Meanwhile, Binance strives to offer a broad range of crypto services globally.

OKB is the OKEx utility token that enables users to access the crypto exchange's special features. The coin is used to calculate and pay trading fees, grant users access to voting and governance on the platform, and reward users for holding OKB.

OKEx has become a world-leading trading floor since its launch in 2017. The platform launched in the spring of 2017 and emerged as an offshoot from the original OKCoin platform (operating since 2013 in China). OKCoin now focuses on exchanging fiat for crypto, while OKEx focuses on crypto trading with a built-inAPI for algorithmic trading. The exchange also gives users access to a multi-currency wallet and functions formargin trading.

GMT is the native token of the FSL ecosystem, with a fixed supply of 6 billion tokens. GMT is well used in all FSL ecosystem products to be burned, used to unlock various functions and perks.

GateChain is a public blockchain which facilitates digital asset transfers, and claims to be “dedicated to asset safety.”

The network’s native token is GateToken (GT). It’s mainly used to pay transaction fees, but users can also stake it to validate transactions and secure the network in exchange for rewards.

GateChain offers an on-chain wallet for users to manage their digital assets directly on the network itself, thereby eliminating the need for a third-party wallet. It’s also fully integrated with the Ethereum Virtual Machine (EVM), making it easy to deploy Ethereum-based smart contracts on the platform.

GateToken

In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.

The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.

Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.

Cosmos

Celo is a carbon-negative, permissionless, blockchain with a rich ecosystem of global partners building innovative Web3 dapps to support a more inclusive financial system. Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo platform), CELO governance asset, and several Mento stable assets (cUSD, cEUR, cREAL) that allow for real-world users to use digital assets. The open source Celo mainnet launched on Earth Day 2020.  The Celo community passed an indicative on-chain governance proposal (temperature check) to have Celo migrate to an Ethereum layer-2.  Google Cloud, Deutsche Telekom, Telefonica, and many others run validators on the Celo Platform.  Today, the Platform supports 1,000+ projects in over 150 countries are building on Celo to, helping to create the conditions of prosperity for all.  For more information, please visit Celo.org.

Celo

Astar Network helps developers build decentralized applications (dApps) and layer 2 solutions by providing interoperable web 3.0 infrastructure, financial incentives, incubation programmes and technical support. It seeks to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.

Astar connects the Polkadot ecosystem with layer 1 blockchains like Ethereum and Cosmos. It's a Polkadot Parachain, and was designed as a multi-chain Polkadot dApp hub with support for DeFi, NFTs, DAOs, where developers can move beyond infrastructure and focus more on application development.

The project, which is backed by Binance Labs and Coinbase Ventures, operates on two layers: the first layer is built on the Substrate framework, and the second is built using OVM or Optimistic Virtual Machine, for scalability.

Astar

Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.

Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.

By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”

The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot — though many projects opt to stick with Kusama for their final product.

Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation.