ASN (Alternative Swift Network) is a Defi-enabled decentralized network that facilitates cross-border B2B financial transactions without using traditional Swift systems. It aims to enable B2B cross-border B2B financial transactions to be processed in a frictionless, cost-effective and faster manner compared to the existing Swift system and associated clearing and settlement tools. The Defi function of ASN can further attract target users (B2B business owners and other related parties) as it enables them to leverage more financial resources to expand their business and/or increase revenue. Compared to many other Defi protocols (most of which only help users speculate in the crypto market), ASN's Defi capabilities have practical uses (for example, in B2B).
SASN is the governance token of the ASN network, which will share the community governance voting function. Some SASN governance tokens will implement incentives for liquidity mining users in the official version.