ASTR Tokens Listed on MyConstant | Loan Collateral | Crypto Swap

2 min read

Astar Network is growing in uses every day. With the announcement of its partnership with MyConstant, more options are available for holders of Astar tokens.

Take a look at this new option and pay attention to the special promotion and package deals…

05/20/2022 — Today, we are thrilled to announce that Astar is partnering with MyConstant! This exciting partnership is bringing new ways for you to use your $ASTR tokens.

MyConstant is a crypto-backed lending platform that allows you to use your crypto as collateral with minimal cost. MyConstant has now listed $ASTR on their platform. You are now able to use your $ASTR as collateral for loans! This means you’ll be able to borrow USD, stablecoins or you can use your $ASTR collateral to acquire even more $ASTR!

MyConstant lets you borrow as little as $50 all the way up to $10 million all in a flash! With no credit checks. You can pay off your balance whenever you’d please with no penalties or repayment fees.

The MyConstant x Astar partnership comes with a special promotion for the Astar community. You can get 0% APR on a 30-day loan when you borrow against $ASTR on MyConstant. As always, your interest will also vary depending on your membership tier, and whether you’re borrowing and swapping on MyConstant. The discounted rates for each membership tier are:

  • Diamond: from only 3.6% APR — save 40%.
  • Platinum: from only 4.2% APR — save 30%.
  • Gold: from only 4.8% APR — save 20%.
  • Base: standard rate — 6% APR.

Not only can you borrow on MyConstant but with the Crypto Swap feature you can swap more than 80 crypto currencies, so you can swap your cryptos for more $ASTR. The Crypto Swap feature works instantly and doesn’t involve any complicated procedures or clunky UI. Just go to your Coin balance, deposit the crypto you want to swap for $ASTR and click Swap — it really is that simple!

Along with Crypto Swap, MyConstant offers customers the best swapping fees according to your membership tier below:

  • Diamond: from only 0.01% swapping fee — save 90%.
  • Platinum: from only 0.05% swapping fee — save 50%.
  • Gold: from only 0.07% swapping fee — save 30%.
  • Base: standard rate — 0.1% swapping fee.

This partnership opens up even more opportunities for the Astar community and new ways to utilize your $ASTR tokens!

About MyConstant

Founded in 2019, MyConstant offers fast and easy crypto-backed loans at minimal cost. Borrow from $50 to $10 million in minutes — regardless of your credit history. Need cash or crypto fast? Swap or borrow against ASTR from our mobile app or website. We’ve matched over $500M in loans to date, serve over 200,000 customers across the globe, and garnered hundreds of 5-star reviews. Visit our webpage to enjoy the lowest fees and loans from 0% APR.

About Astar

Astar Network is the Smart Contract Hub for WASM + EVM and the top Parachain on Polkadot in Total Value Locked + Most Ethereum Assets. Since winning its Parachain auction in January 2022, Astar Network has become the top Parachain in the Polkadot ecosystem in Total Value Locked and most Ethereum assets transferred over. Astar Network is the leading smart contract hub that connects the Polkadot ecosystem to Ethereum, Cosmos, and all major layer 1 blockchains. Astar Network supports dApps using multiple virtual machines — namely WASM and EVM — and offers the best technology solutions and financial incentives via its Build2Earn and Astar Incubation Program for Web3 developers to build on top of a secure, scalable, and interoperable blockchain.

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