MEXC Lists Web3 Platform Andromeda’s $ANDR Token For Trading

Leading crypto exchange MEXC has announced that it has listed $ANDR for trading. The native token of web3 platform Andromeda, $ANDR supports a number of use cases and functions. Its addition to MEXC will deepen liquidity for the web3 asset and allow more users to discover what Andromeda has to offer.

Andromeda is the developer of a web3 operating system, known as aOS in this instance. It provides all of the tooling that you would expect to find of a web operating system but enhanced with the sort of powers that web3 connectivity adds. Part of the Cosmos family of chains, Andromeda utilizes IBC to allow messages to be passed between projects and networks.

According to a tokenomic report, $ANDR “is a multi-utility token which will be used as the medium of exchange between participants on Andromeda OS in a decentralized manner.” $ANDR is used to secure the Andromeda blockchain and to power the aOS. The report adds: “ANDR indexes value across ecosystems with a diversified portfolio of cryptocurrencies. The ANDR index effect is represented by the aggregate of Andromeda Ecosystem fees from multiple L1s, some in ANDR, some in Andromeda Ecosystem native tokens.”

A Giant Leap for Andromeda

While decentralized tools such as Andromeda are designed to be accessed onchain, the easiest route for many users to discover them is through centralized exchanges. For this reason, the MEXC listing of $ANDR has been welcomed by Andromeda in the knowledge that it will put more eyes on their emerging web3 ecosystem. 

According to Andromeda Core Contributor Mant Hawkins, the listing “is a testament to the hard work and innovation that has gone into Andromeda. We’re doing more than building a platform, we are providing an environment for the next generation of blockchain innovators to create, develop, and get paid. This listing is just the beginning.”

Where Next for $ANDR?

Andromeda is currently best known for its proprietary aOS but there are other web3-powered products also in development. In addition to adding new features to aOS, Andromeda intends to develop tools that will make it easier for users to interact with web3 and for developers to build applications with the technology. The $ANDR token will be deeply integrated into these products, providing additional utility and giving its current holders more ways in which to benefit from owning it.

As it stands, Andromeda’s aOS allows dapps to be created quickly and easily. A process that would once have taken months can now be completed in a matter of minutes. This is ideal for developers who are interested in building within the Cosmos ecosystem but unsure where to start.

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Developed by a team of crypto veterans, some of whom have been in the industry since 2012, Andromeda’s core developers have an average of 15 years’ experience in their respective fields and are collectively familiar with 25 coding languages. They’re confident that in Andromeda they’ve created an open source project that will become a cornerstone of IBC and other blockchain environments, providing a framework to support web3 innovation.

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