CoinMarketCap has announced a new platform 'CMC Launch', a pre-TGE launchpad, with Aster as the first project. Aster, a decentralized exchange, is issuing a new AST token in this launch.
After CoinMarketCap completes the AST airdrop, they will continue to seek high-quality cryptoassets that have not yet issued tokens. CMC Launch could become quite popular with the platform's monthly audience reaching 70 million people.
CoinMarketCap Joins the Launchpad Race
In the cryptoasset industry, CoinMarketCap is almost a familiar name in blockchain data and analysis. However, today, they are expanding with CMC Launch, a new platform for pre-TGE cryptoassets.
This means CoinMarketCap has entered a increasingly competitive and crowded market with famous players like Pump.fun, PancakeSwap's SpringBoard, and recently Raydium's LaunchLab.
Aster is the first TGE project launched on CMC Launch with AST token airdrop.
"The cryptoasset space is filled with thousands of projects all competing for attention. CMC Launch helps new projects connect directly with users actively seeking the next big thing. As the 'Home of Crypto', we are thrilled to welcome Aster as the first CMC Launch project and introduce them to our global community," Rush Lu, CEO of CoinMarketCap, said.
CoinMarketCap is not the first data analysis platform to expand like this; Arkham Intelligence launched its own perpetual futures exchange last year. Although Aster is also a perpetual futures exchange, currently there is nothing to suggest they are entering a long-term partnership with CoinMarketCap.
According to CoinMarketCap's press release, Aster was chosen as the first CMC Launch project for several reasons. Supported by YZi Labs, an independent Binance subsidiary, Aster aims to reshape the perpetual futures exchange ecosystem with non-custodial trading, minting and staking, robust infrastructure, and more.
Currently, it is available on BNB Chain and Arbitrum, with plans to expand to other blockchains.
After completing the Aster airdrop, CoinMarketCap plans to seek other promising pre-TGE cryptoassets. They will apply strict quality standards in this process. Aster already has a loyal watcher base, ideally helping the AST launch attract attention.
CoinMarketCap estimates they have over 70 million monthly users, which could create a large number of airdrop participants. Moving forward, the company can tap into powerful new revenue sources while enriching the cryptoasset ecosystem.
