Digital Journal

DAstra Network: Web3 approach to security


Dubai, UAE, February 12, 2024

The financial turbulence of recent years has prompted people to seek alternatives to the existing financial system in Web3 and DeFi.  We are talking about a decrease in trust in banks, investment funds, and stock exchanges. The problem can be divided into two significant aspects

Dastra Network

The first lies in the policies of traditional financial institutions themselves. Due to lack of transparency, strict KYC requirements and abuse of centralized power, people are feeling dissatisfied. For example, according to a survey conducted by the National Endowment for Financial Education (NEFE), bank failures that occurred in March 2023 resulted in a noticeable drop in trust in financial institutions for many individuals, families and businesses around the world.

Another common type of problem for traditional financial institutions is outdated IT infrastructure. According to the World Retail Banking Report 2022, a majority (95%) of respondents believe that legacy systems and outdated core banking modules are barriers that hinder the ability to improve data- and customer-centric growth strategies.

Financial security through decentralization

DAstra Network firmly believes that the key to a secure financial future lies in the Web3 approach, which liberates individuals from the problems associated with centralized financial institutions.

Unlike traditional investment platforms, our investment platform does not have access to the funds raised nor does it manage them. Instead, we utilize smart contracts to ensure that investors have complete control over their assets and personal information. This guarantees transparency and eliminates the need for intermediaries.

One of the major advantages of our decentralized platform is its resilience to cyber attacks. With a decentralized infrastructure, our platform is less vulnerable to potential breaches, safeguarding the investments and personal data of our users.

Furthermore, the DAstra Network is managed by a decentralized autonomous organization (DAO), which prevents it from centralized power abuse. To become a DAO participant, individuals are required to hold a minimum of 10,000 native DAN tokens. DAO participants not only have a say in the management of DAstra but also have the opportunity to earn up to 2% of the investments they attract to the project.

By combining the benefits of Web3 technology, smart contracts, and decentralized governance, DAstra Network aims to implement web-3 values in practice.

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