ASTR

The Astar Network allows individual users to use Web3 technology, connecting people to Web3 through entertainment, blockchain development, business development, and community events. Previously known as Plasm, the Astar Network is a decentralized blockchain platform that supports EVM and WebAssembly environments and enables interoperability between them. A Brief History Of The Astar Network The Astar Network was founded by Sota Watanabe in 2019, a prominent figure in the blockchain space. Watanabe and his team maintain the network through Stake Technologies.…

Astar Network has burned 350 million ASTR tokens following a community vote, reducing the total supply by 5% to enhance token value and increase staking rewards.  ASTR Token Burn Details The Astar Network, a prominent multi-chain smart contract network within the Polkadot ecosystem, executed a significant token burn on July 8, 2024. This event saw the destruction of 350 million Astar (ASTR) tokens following a community vote, resulting in a 5% reduction in the total supply of ASTR tokens. Astar…

Astar Network will burn 350 million ASTR tokens, which is 5% of the total circulation supply. The burn aims to enhance the token’s value and improve staking rewards for the dApp community. In a recent post on X, Astar Network announced its decision to burn 350 million ASTR tokens, representing 5% of the total circulating supply. This initiative aims to enhance the token’s value and improve the overall tokenomics, reflecting the community’s broad support for this measure. 350M ASTR Burn…

The post Astar Foundation Proposed Burning 350M ASTR Tokens appeared first on Coinpedia Fintech News In a significant initiative, the Astar Foundation has proposed burning a whopping $31+ million worth of ASTR tokens. The proposal refers to the 350 million ASTR reserved for Polkadot’s well-known parachain slot auction. Voting on the proposal will take place after three weeks of community discussion. The proposal does clarify the potential advantages of approval. Burning the reserve could benefit ASTR holders by decreasing the…

Astar Network, the smart contract platform for multichain, has been awarded the Product of the Year at the 4th annual Blockchain Award by the Japan Blockchain Association. In addition, Astar Network’s founder and CEO, Sota Watanabe, bagged the Person of the Year award for the second consecutive year at the same event. Astar Network and Sota Watanabe emerged as the favorites of the Japanese Web3 community in a survey conducted by the Japan Blockchain Association (JBA). The JBA is the…