Astrafer

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Discover Astrafer'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 Astrafer?

Astrafer (ASTRAFER) is a cryptocurrency launched in 2022 on the Polygon platform. It serves as the governance and utility token for the Phantom Galaxies game universe, where players can earn ASTRAFER through mission rewards and trading items. The token can be used to upgrade Starfighter mechs, manage galactic organizations, and build corporate empires within the game. ASTRAFER is traded on various exchanges, including Coinstore, Quickswap, and Quickswap (v3), with a significant trading volume observed for the ASTRAFER/USDT pair.

How is Astrafer used?

Astrafer (ASTRAFER) is the governance and utility token of the Phantom Galaxies game universe, an open-world online space sim with fast-paced mech combat and a captivating story. Players receive ASTRAFER tokens as mission rewards and from trading items. Additionally, player-owned planets and asteroids are allocated a set amount of ASTRAFER tokens that are emitted to their owners over the course of gameplay. These tokens can be used for various purposes, including upgrading Starfighter mechs, running galactic organizations, and building expansive corporate empires within the game.

How do I store Astrafer?

To store Astrafer (ASTRAFER) tokens, you have several options based on your needs and preferences. Here are a few methods:

  1. Hardware Wallets: These are considered the most secure option. They are physical devices that store your private keys offline, protecting your tokens from unauthorized access.

  2. Software Wallets: You can use software wallets like the Astrafer wallet provided by Noone, which offers 24/7 support and allows you to create an Astrafer address, send, and exchange over 1200+ coins and tokens directly.

  3. Exchange Wallets: You can also store your ASTRAFER tokens on exchanges like MEXC, KuCoin, or Coinstore, but it is generally recommended to move your tokens to an external wallet for added security.

  1. Cold Storage: Another option is to use cold storage, which involves storing your tokens offline, disconnected from the internet, to minimize the risk of hacking or theft.

It is essential to choose a storage method that suits your needs and ensures the safety of your Astrafer tokens.

How to buy Astrafer?

To buy Astrafer (ASTRAFER) tokens, you can follow these steps:

Buying Astrafer via a Crypto Wallet
  1. Choose a Wallet: Select a reliable and reputable crypto wallet that supports Astrafer (ASTRAFER).
  2. Download the App: Download the wallet application to your device from the Google Play Store, App Store, or as a browser extension.
  3. Create a Wallet: Create a new wallet address or import an existing one. Make sure you write down the seed phrase and keep it in a secure place.
  4. Buy Astrafer: Purchase the cryptocurrency using a supported payment method. Check the fees, as they may be higher than what exchanges charge.
  5. Swap for Astrafer: If your wallet doesn’t support direct fiat-to-ASTRAFER purchases, you can first buy a more popular cryptocurrency like USDT and then exchange it for Astrafer (ASTRAFER) through your crypto wallet or on a decentralized exchange.
Buying Astrafer on a Centralized Exchange
  1. Choose a CEX: Select a reliable and trustworthy crypto exchange that supports Astrafer (ASTRAFER) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.
  2. Create an Account: Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.
  3. Verify Your Identity: Complete KYC verification, which may require government-issued identification documents.
  4. Add a Payment Method: Follow the instructions provided by the exchange to add a credit/debit card, bank account, or other supported payment method.
  5. Buy Astrafer: You are now ready to buy Astrafer (ASTRAFER) using fiat currency if supported. Alternatively, you can do a crypto-to-crypto exchange by first purchasing a popular cryptocurrency like USDT and then exchanging it for Astrafer (ASTRAFER).
Additional Steps
  • Store/Hold Astrafer: You can store your Astrafer on your exchanges' wallets or on crypto wallets. For long-term storage, consider using a cold wallet instead of a hot wallet.
  • Trade Astrafer: You can trade Astrafer for other cryptocurrencies on crypto exchanges.
  • Earn Astrafer: Earn rewards by staking coins. Staking is a great way to maximize your holdings in staking coins that would otherwise be sitting in a wallet or trading account.
  • Transfer: You can send Astrafer to anyone in the world virtually instantly.
  • Purchasing Goods: Some online platforms or offline shops accept crypto as payments. You can purchase goods or services from these places.
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History of Astrafer

The history of Astrafer (ASTRAFER) is closely tied to its role as the governance and utility token of the Phantom Galaxies game universe. Phantom Galaxies is an open-world online space sim that features fast-paced mech combat and a captivating story. The game allows players to engage in various activities, including fighting on the front lines, exploring deep space for resources, and uncovering powerful weapons.

Astrafer tokens are earned by players through mission rewards and trading items within the game. Additionally, player-owned planets and asteroids are allocated a set amount of Astrafer tokens that are emitted to their owners over the course of gameplay. These tokens can be used for various purposes, such as upgrading Starfighter mechs, running galactic organizations, and building corporate empires.

In terms of market performance, Astrafer has experienced significant price fluctuations. Its all-time high was recorded on September 16, 2022, at $4.07, and its all-time low was on August 17, 2022. As of the current date, the token's market capitalization is approximately $57.63 million USD, with a circulating supply of 156,417,090 ASTRAFER tokens.

Historical data on Astrafer's price movements is available, showing changes over time. This data can be useful for understanding the token's performance and making informed investment decisions.

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How Astrafer works

Astrafer (ASTRAFER) is a cryptocurrency launched in 2022 and operates on the Ethereum platform. It is the official governance and utility token for the AAA open-world mech combat game Phantom Galaxies. The token provides governance functions as well as in-game utility, allowing players to buy and mint NFTs within the game. These NFTs can be redeemed for special limited-edition Avatars and Generative Starfighters, which are powerful mech vehicles used to play Phantom Galaxies.

Governance and Utility

Astrafer tokens are essential for governance within the Phantom Galaxies ecosystem. They enable players to participate in decision-making processes and shape the future of the game. Additionally, the tokens have in-game utility, allowing players to purchase and mint NFTs that unlock exclusive content and enhance gameplay experiences.

Earning Astrafer Tokens

Players can earn Astrafer tokens by participating in in-game events, such as the "Astrafite Rush" event. This event rewards players with Astrafer tokens based on their contributions to community objectives. Holders of Planet Genesis Mintpass NFTs can earn additional tokens during these events.

Trading and Circulation

Astrafer tokens are traded on multiple active markets and have a current supply of 888,077,888, with 156,417,090 tokens in circulation. The token's price can fluctuate, and it is currently trading on various exchanges.

Blockchain Support

Astrafer tokens are supported on the Ethereum Mainnet, ensuring compatibility with the Ethereum blockchain ecosystem.

Community Engagement

The Astrafer community is active, with a significant presence on social media platforms like Twitter and Discord. Tracking the community's engagement and sentiment can provide insights into the project's popularity and potential growth.

Overall, Astrafer is a cryptocurrency designed to enhance the Phantom Galaxies gaming experience while providing governance and utility functions. Its integration with the Ethereum platform and active trading on various markets make it an attractive option for investors and gamers alike.

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Astrafer's strengths

The token Astrafer (ASTRAFER) has several strengths:

  1. Governance and Utility Token: Astrafer serves as both the governance and utility token for the open-world mech ARPG Phantom Galaxies, providing players with a range of in-game functionalities and governance capabilities.

  2. Multiple Earning Opportunities: Players can earn Astrafer tokens through various means, including completing missions, trading items, and participating in special events like the "Astrafite Rush" play-and-earn event.

  3. In-Game Use Cases: Astrafer tokens can be used to upgrade Starfighter mechs, run galactic organizations, and build corporate empires, offering players a high degree of customization and control within the game.

  1. NFT Integration: Astrafer tokens are used to mint and purchase NFTs of Phantom Galaxies, including powerful mech vehicles and special Avatars, enhancing the overall gaming experience.

  2. Strong Development Team: Astrafer is backed by Animoca Brands and Blowfish Studios, both reputable companies in the gaming and blockchain industries, ensuring a high level of quality and support for the token and its ecosystem.

  3. Listed on Multiple Exchanges: Astrafer is available for trading on various exchanges, including MEXC, providing users with easy access to buy and sell the token.

These strengths contribute to Astrafer's potential as a valuable and versatile token within the Phantom Galaxies ecosystem.

Astrafer's risks

Astrafer (ASTRAFER) is a decentralized finance (DeFi) platform that allows users to lend and borrow cryptocurrency. It is built on the Ethereum blockchain and uses smart contracts to automate the lending and borrowing process. Despite its attractive features, such as high yields and low fees, Astrafer carries several financial risks:

  1. Security Risks: As a decentralized platform, Astrafer is not subject to the same level of regulation as traditional financial institutions. This makes it vulnerable to hacking and potential loss of user funds.

  2. Volatility Risks: The price of cryptocurrency is highly volatile, which means that the value of investments in Astrafer can fluctuate significantly. This volatility can lead to significant losses if not managed properly.

  3. Complexity Risks: Astrafer is a complex platform, and users may struggle to understand how it works. This complexity can lead to mistakes and losses if users are not well-versed in DeFi and cryptocurrency markets.

  1. Liquidity Risks: Astrafer, like other DeFi platforms, relies on liquidity to function. If liquidity becomes constrained, trading and borrowing activities can be disrupted, leading to potential losses for users.

  2. Regulatory Risks: The DeFi sector, including Astrafer, operates in a regulatory environment that is still evolving. Changes in regulations or increased oversight can impact the platform's operations and user investments.

  3. Market Risks: Astrafer is part of a broader crypto-asset ecosystem that is interconnected with traditional financial systems. Market downturns or failures in other parts of the ecosystem can have a ripple effect, impacting Astrafer and its users.

It is essential for users to understand these risks and take necessary precautions, such as diversifying investments, staying informed about market developments, and using secure storage methods for their assets.

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Did Astrafer raise funds?

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Astrafer’s team

  • Benjamin Lee: Co-Founder of Blowfish Studios, involved in the development of Phantom Galaxies and Astrafer.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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