Bitcoin as a portfolio diversifier hasn’t worked for investors Crypto won’t ‘find a home in institutional asset allocation’
Deals involving crypto and/or digital assets such as NFTs are extremely speculative and present additional risks. Investor sophistication and enhanced independent reviews are highly recommended.
There may be other available opportunities that are similar to this investment but have different attributes, characteristics, cost factors, and fees.
Affiliates of Republic have a financial Interest in the issuer. Republic is the parent company of OpenDeal Broker LLC.
This is a new entity and has neither generated revenue, nor has it had any significant operating history.
ASTR Tokens may trade at lower prices on public token exchanges than the prices that the ASTR Tokens are purchased in this Offering.
Disclosures & Disclaimers
Problem
Web3 has a trust & compliance gap
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Challenges in the Web3 Ecosystem
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- Lack of innovative regulatory compliant technology.
- Inefficient or unsuitable KYC platforms that aren’t designed explicitly for a decentralized ecosystem.
- High-risk environment inhibits institutional investment.
- Poor or unavailable data prevents robust AML/CFT processes. (CFT = Combating the Financing of Terrorism)
- Hacks and scams limit DeFi's potential.
Solution
Astra Protocol is the next generation of compliance
A Decentralized KYC Platform for Web3
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How Astra Brings Trust to Crypto
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- Astra allows crypto platforms to remain compliant with KYC/KYB guidelines without sacrificing anonymity or privacy.
- The decentralized KYC platform utilizes biometric technology, cryptographic techniques and is supported by firms globally.
- Astra's compliance layer reduces the risk associated with crypto and DeFi, enabling institutional adoption.
- Web-based analytics help companies adopt improved AML and CFT strategies (CFT = Combating the Financing of Terrorism).
- Robust KYC reporting helps to restore trust in DeFi and will allow the Web3 market to flourish.
Astra’s mission is to provide a range of regulatory compliance tools for crypto applications, ensuring that financial compliance standards can be met across the Web3 industry.
The Astra application brings the financial regulatory standards for 155+ countries and over 300+ sanctions and watchlists to the crypto industry — without sacrificing anonymization.
The patented technology includes a new professional service layer called the Decentralized Legal Network (DLN), bringing legal and audit companies on-chain. Astra's simple plug-in technology ensures crypto remains compliant with AML and KYC guidelines.
Platform
The Astra Decentralized Legal Network
Astra Protocol has assembled a network of individuals from major global legal and audit firms to provide on-chain KYC and KYB audit services known collectively as the Decentralized Legal Network (DLN).
Compliance with Astra
- Astra allows Web3 projects to comply with KYC guidelines.
- Astra technology uses the DLN to perform KYC checks of Web3 users on-chain and in line with FATF recommendations — without sacrificing privacy.
- The following illustration demonstrates how Astra provides KYC/KYB regulatory compliance in a decentralized ecosystem.
Token
Astra
A fixed supply
utility token
Token Flow
- Only 1B will be minted.
The token model is designed specifically to lower the cost of KYC.
Astra's Token utility efficiently ranks Dapp’s requests based on the lockup positions.
Token Features
- Prioritization and queuing
- Rewards distributed to the DLN
- Token lock-up rewards
- Non-transferable NFT
- Ecosystem rewards
Traction
Current Astra service coverage
Market
DeFi market to approach $300B
DeFi Market
- DeFi is one of Web3’s greatest innovations but also one of the most challenging in terms of regulation.
- The global decentralized finance market size was valued at $11.78B in 2021. By 2030, the DeFi market value is expected to approach the $300B mark.
- By bridging TradFi and DeFi with enhanced security from Astra, the market can thrive.
Projected DeFi Market Size
Wallet Users
- There are 83M blockchain wallet users as of 2022. Each wallet must be verified to operate in a fully regulated blockchain environment. This number determines the initial market demand for Astra Protocol.
- Crypto Wallets are projected to grow at a CAGR of 24.19%. The market growth will require KYC and Customer Due Diligence processes to comply with international regulations fully.
- International AML regulations require ongoing transaction monitoring and regularly updated KYC information. Therefore, each wallet will require a periodic KYC update and additional AML screening measures.
DeFi hacks cost consumers
- DeFi users lost $10.5B to theft in 2021.
- Regulation, KYC, and AML processes will help resolve these issues but establishing compliance in a decentralized ecosystem is complicated.
- The global financial crime watchdog Financial Action Task Force (FATF) declared that no jurisdiction is fully compliant due to limitations with available virtual asset service providers.
- Although Astra may not solve all these issues, Astra aims to bring decentralized infrastructure and increase regulatory confidence and trust in Web3 and DeFi.
Competition
Astra's offering
- Astra is a patented decentralized KYC platform with a Decentralized Legal Network backed by legal and audit firms.
- Astra provides faster and more cost-effective KYC than existing centralized services and is specifically designed for Web3. Centralized KYC offerings are not well equipped for DeFi and other decentralized services.
- Astra establishes a network of wallets – users from other apps verified on Astra can use other Web3 services.
- While nothing on the market facilitates decentralized KYC in the same way as Astra, other companies, such as those listed below, can be considered 'indirect competitors'.
What sets Astra apart?
Patented technology — Astra has a unique solution recognized worldwide as having exceptional value and being powerfully disruptive across Web3. It is well known that a strong patent gives: exclusive rights, a strong market position, higher returns on investment, the opportunity to license/sell the Astra product, increased negotiating power and a positive enterprise image. Astra believes it stands above competitors in this sector with its patented technology.
Global Coverage — Astra's application brings the financial regulatory standards for 155+ countries and over 300+ sanctions and watchlists to the crypto industry – without sacrificing anonymization.
Decentralized Legal Network (DLN) — Astra's patented technology includes a new professional service layer called the Decentralized Legal Network, bringing legal and audit companies on-chain. Astra's simple plug-in technology ensures crypto remains compliant with AML and KYC standards.
Technology backing — Astra's technological and financial partnerships place it in a strong position. In collaborating with Limechain and Concise, Astra has secured some of the world's leading blockchain specialists to help build the Astra platform, to strive to become the most sophisticated and capable decentralized KYC service available on the market.
Decentralized Compliance — Astra is a decentralized KYC offering to provide regulatory compliance to Web3 protocols and 155+ jurisdictions using more than 300 sanctions and watchlists. Astra Protocol facilitates all the KYC and other Customer Due Diligence processes for decentralized organizations to ensure crypto platforms adhere to regulations without compromising the decentralized nature of the market.
Expert Knowledge — Astra’s technology calls upon experts from legal and audit firms (or non-human delegates in the form of oracles) to verify the credentials and perform KYC checks of would-be Web3 users, including all the latest regulatory alterations such as FATF compliance checks, without exposing blockchain information.
Anti-collusion algorithm — Delegates in the Astra ecosystem are selected to adjudicate on a particular case based on their expertise, trust rating and information extracted from KYC procedures. Astra ensures that there is no opportunity for communication that would compromise a case outcome.
Vision and strategy
Astra's long-term goals are to provide crypto with a more regulatory-friendly infrastructure that would allow two things:
1) Better compliance and more acceptance from regulators on a global scale.
2) Allow more traditional capital to flow into crypto due to mitigating counterparty risk of unregulated apps and non-KYC-validated wallets in decentralized economies.
Astra aims to create a safer crypto industry and drive more trust due to compliance with KYC and AML, so public trust increases and drives more adoption.
Timeline
Founders
Summary
Astra's decentralized KYC/KYB platform facilitates on-chain wallet verification for more than 155 countries using over 300 watch and sanctions lists. Astra makes crypto safe for all users without sacrificing privacy and anonymity.
The ASTR token is integral to Astra Protocol and will provide access to KYC services, reward users, and fuel ecosystem growth. With Astra, the barriers to institutional investment are removed, and Web3 can flourish.
Disclaimers
Risks of early stage investment. Not an offer to buy or sell securities. This is a long-term speculative illiquid investment. Investment is not FDIC or SiPC insured.
This offering is in digital assets issued by ASTRA Association, a Switzerland Association. And not equity in the company ASTRA Association. Protections under securities laws may be limited due to the offering's structure. Digital assets that are offered to investors cannot be traded before your lockup period ends. The value may fluctuate during your lockup period. This is a speculative, risky investment and may be illiquid or pricing may substantially fluctuate in value. You may lose money.
This notice should not be construed as an offering of securities or as investment advice or any recommendation as to an investment or other strategy by OpenDeal Broker LLC dba the Capital R (“ODB”) or Republic Crypto LLC d/b/a Republic Advisory Services (“Republic Advisory Services”) or any of their affiliates. ODB is being compensated six percent (6%) of the dollar value of the securities, with a minimum fee to ODB of $25,000 per Offering, as well as two percent (2%) of the dollar value of the securities issued to Investors pursuant to each Offering at the time of closing.
Republic Advisory Services is being compensated $160,000 and two percent (2%) of the total network supply of tokens, meaning the total supply to ever exist. Neither ODB nor Republic Advisory Services nor any of their affiliates has independently verified any of the information provided or makes any assurances as to the completeness, accuracy or reliability of any such information provided by ASTRA Association, a Switzerland Association. This web page may contain external links to third-party content (content hosted on sites unaffiliated with ODB or Republic Advisory Services), and neither ODB nor Republic Advisory Services nor any of their affiliates makes any representations whatsoever regarding any third-party content/sites that may be accessible directly or indirectly from this post. Linking to any such third-party sites in no way implies or constitutes an endorsement or affiliation of any kind between ODB or Republic Advisory Services (or any of its affiliates) and any third-party. ODB and Republic Advisory Services are subsidiaries within a family of companies owned by OpenDeal Inc. (together sometimes referred to as "Republic"). Republic and its affiliates do not provide tax, accounting or legal advice — all recipients are advised to consult with their own advisers.
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