The ASN (Alternative Swift Network) is a decentralized network with DeFi features designed to facilitate cross-border B2B financial transactions without relying on the traditional Swift system. It aims to process B2B cross-border financial transactions in a frictionless, cost-effective, and faster manner compared to the existing Swift system and related clearing and settlement tools. The DeFi capabilities of ASN can further attract target users (B2B business owners and other stakeholders) as it enables them to leverage more financial resources to expand their businesses and/or increase earnings. Unlike many other DeFi protocols (most of which only help users speculate in the crypto market), ASNs DeFi features have practical uses (such as in B2B scenarios).
SASN is the governance token of the ASN network and will share community governance voting functions. Some SASN governance tokens will be used to incentivize liquidity mining users in the official release.