Thread by @Diversitas_LTD

Here is why we believe $ASTRO is a sleeping giant that is about to wake up🚀💎

@astroport_fi thread🧵

@astroport_fi is a #DEX build on #Terra🌖 It got extremely popular in its early days and was the main DEX during the collapse of $LUNA and $UST 📉 This is also when it proved itself as a DEX that can easily handle billions of trading volume💪

After the collapse of $LUNA and $UST, the team developed a new vision and continued to build👌 Before we cover their plans, let's first take a look at their team👀

While we do not know the exact names behind the project, we do know that @delphi_labs is involved in the project👀 Delphi guys are some of the smartest individuals out there so the fact that they are behind the project makes us already extremely bullish🚀

twitter.com/delphi_labs?s=…

Speaking about @delphi_labs, in a collaboration with Attic Labs, they have recently completed principal development on a passive-concentrated-liquidity (PCL) AMM protocol for Cosmos-compatible chains👀

delphilabs.medium.com/delphi-labs-an…

Based on their research, this will enable #decentralized exchanges to take things to the next level👀 After months of development and research, they are about to test it on @astroport_fi 🔥

Since the next-generation #DEX also needs to look good, @astroport_fi recently switched to a new UX😍

https://twitter.com/astroport_fi/status/1613585965657853956?s=20&t=If8R5jj2nAazh-9k7fDvog

Furthermore, they added limit orders to its functionality👇

https://twitter.com/astroport_fi/status/1620814235193294849?s=20&t=If8R5jj2nAazh-9k7fDvog

Since the future of the blockchain is interchain, they plan to bring @astroport_fi to the galaxy near you. A few days ago they launched a public testnet on @Injective_ with more chains on its way 👀

https://twitter.com/Injective_/status/1618619666334896129?s=20&t=If8R5jj2nAazh-9k7fDvog

So why is this even important?🤔As recently revealed, all roads will lead to $xASTRO 🚀 In other words, all generated fees will be swapped to $ASTRO (on Injective or any other chain) and bridged back to $ASTRO stakers on @terra_money 👇

https://twitter.com/astroport_fi/status/1618611976632168450?s=20&t=If8R5jj2nAazh-9k7fDvog

If you aren't familiar with $xASTRO, let us explain what it is👇

In order to receive a % of @astroport_fi smart contract fees, you can stake $ASTRO for $xASTRO. At the moment, the fees aren't big but with more chains and its new infrastructure, things could get interesting😉

According to defillama.com, @astroport_fi is currently the 45th biggest #DEX by TVL. To put things into perspective, @osmosiszone has just 6x bigger TVL👀

To make it more competitive, @astroport_fi also adjusted its $ASTRO emission. In some cases cutting it by 50%👌

app.astroport.fi/governance/pro…

More details about the proposal and some calculations are available here👇

forum.astroport.fi/t/astroport-in…

Now its time for some number🤔

133,864,556 $ASTRO was airdropped to users of $ASTRO V1 but surprisingly, only 60% of the tokens have been claimed so far👀

43M $ASTRO in incentives has been emitted since the launch on Terra V2.

So circulating supply is roughly 121M $ASTRO

With a price of $0,1 this means it currently has a market cap of only $12M 👀💎 If we add 100M tokens that are meant for the builders, this would mean we get to a $22M market cap which is still small in case they manage to become a leading #DEX on #Cosmos🤔 $ASTRO

To put things into perspective, @osmosiszone currently has a market cap of $500 million and this makes us believe that $ASTRO is extremely undervalued💎 #hiddengem

Also keep in mind that at its peak, @Osmosis had a market cap of over $3 Billion👀

All in all, while the trade is far from being a no-brainer and there are some risks involved, we do believe $ASTRO is worth looking into👀 Not to mention the fact that it is not yet available on any centralized exchange😉 #Crypto

Lastly, if it manages to become one of the leading DEX's and the token gets listed on some centralized exchanges like #Binance, we could easily see a market cap of $250M or a 10x gain🚀 In a bull market, maybe even 25x-50x👀

Its also worth pointing out that before the $LUNA and $UST collapse, the $ASTRO price/market cap was roughly 40x higher👀🤔

Disclaimer: This is not financial advice and you should do your own research before investing.

We would also like to disclose that some members of our team hold $ASTRO tokens.