An altcoin project from the Polkadot (DOT) ecosystem announced its partnership with Microsoft. After the announcement made in the past hours, the cryptocurrencies of the relevant ecosystem started to rise.
AstridDAO participates in Microsoft for Startups
AstridDAO, a decentralized multilateral stablecoin project based on Astar and serving the Polkadot ecosystem, has partnered with Microsoft to promote the adoption of stablecoin BAI. announced that it has joined the Microsoft for Startups program to accelerate With Microsoft’s support, AstridDAO will accelerate product delivery time and maximize market impact. Microsoft will also offer benefits of up to $350,000 through Github Enterprise, Microsoft Teams, and Azure credits.
As we have mentioned in Cryptokoin.com news AstridDAO announced that it has joined the Microsoft for Startups program. This partnership removes traditional barriers to starting a company. Now, with the support of Microsoft, AstridDAO is officially backed by one of the most innovative technology-driven companies in history.
Altcoin price started to rise shortly after the announcement
Astar (ASTR), the 231st largest cryptocurrency by market cap, rose more than 30% after the Microsoft announcement. At the time of writing, it is trading at $0.06156 with a slight correction.
About AstridDAO
AstridDAO is a decentralized money market protocol and multi-collateralized stablecoin built on the Astar and Polkadot ecosystem. allows users to borrow BAI, a USD-pegged stablecoin against risk assets with 0% interest and minimum collateral. This mechanism allows users to redeem without selling, including ASTR, BTC, ETH and DOT.
Astar Network, on the other hand, is considered the best Parachain in Polkadot in many respects. Since winning the Parachain auction in January 2022, Astar Network has been the top parachain in the Polkadot ecosystem for TVL and most of the transferred Ethereum assets. It also supports dApps using multiple virtual machines (VMs), such as WASM and EVM, and offers technology solutions and financial incentives for Web3 developers to build secure, scalable and interoperable networks through Build2Earn and the Astar Launchpad Program.
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