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The AstridDAO project, based on Polkadot Astar, officially announced a partnership with Microsoft. This cooperation has a huge potential and importance for the development of the project, according to its developers. Microsoft will offer its own innovative solutions that will be integrated into AstridDAO.
The startup management planned to improve the product that provides access to a decentralized market with full provision of a stable BAI coin pegged to the US dollar.
Microsoft representatives welcomed AstridDAO to Microsoft’s startup program. The new partnership aims to accelerate business development by removing traditional barriers associated with the evolution of technology companies. AstridDAO developers will have access to unique tools, coaching and marketing programs, as well as a $350,000 grant from Github Enterprise, Microsoft Teams and Azure.
AstridDAO said it was excited to join Microsoft’s program. With the help of resources from the sponsor, the blockchain product will be able to develop faster and help the community. The BAI stablecoin is designed to become the dominant coin of this class for the entire ecosystem of Astar and Polkadot.
According to the developers, AstridDAO is an improved protocol of decentralized money market. It allows users of Astar and the Polkadot ecosystem to borrow a stable BAI coin against risky assets with a zero interest rate and a minimum collateral ratio.
Previously edited by Crypto.ru Reportedthat experts said that Polkadot and Kusama are in a zone of strong oversold conditions. According to analysts, investors had to acquire this asset and could count on the rapid growth in the value of cryptocurrencies.
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