CoinMarketCap Launches CMC Launch with Aster's AST Token Airdrop

Generated by AI AgentCoin World
Thursday, May 15, 2025 11:34 am ET1min read
BNB
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CoinMarketCap, a well-known platform for blockchain data and analysis, has launched a new initiative called CMC Launch. This platform serves as a pre-TGE launchpad, providing a space for crypto projects that have yet to release a token. The first project to debut on CMC Launch is

Aster
, a decentralized perpetuals exchange, which is airdropping its new
AST
token as part of this release.

CMC Launch marks CoinMarketCap's entry into the competitive market of pre-TGE cryptoassets, joining other popular platforms like Pump.fun, PancakeSwap’s SpringBoard, and Raydium’s LaunchLab. The platform aims to connect new projects directly with users who are actively seeking the next big thing in the crypto space.

Rush Lu
, CEO of CoinMarketCap, expressed enthusiasm about welcoming Aster as the first project on CMC Launch, highlighting the platform's role in introducing innovative projects to its global community.

Aster was chosen as the inaugural project for CMC Launch due to its backing by YZi Labs, an independent spinoff of Binance. Aster aims to reimagine the perpetuals exchange ecosystem with features such as non-custodial trading, minting, staking, and robust infrastructure. Currently available on BNB Chain and Arbitrum, Aster plans to expand to other blockchains in the future.

Following the completion of the Aster airdrop, CoinMarketCap plans to continue scouting for high-quality pre-TGE crypto projects. The platform will employ stringent quality standards in this process. Aster has already established a dedicated following, which is expected to help the AST launch gain traction. With over 70 million monthly users, CoinMarketCap has the potential to tap into new revenue streams while enriching the crypto ecosystem.

This move by CoinMarketCap is not the first instance of a data analysis platform branching out into new ventures. Arkham Intelligence, for example, launched its own perpetual futures exchange last year. However, there is currently no indication that Aster is entering into a long-term partnership with CoinMarketCap.