Astar Network Price (ASTR)

Astar Network (ASTR) Price Now

Astar Network price today is $0.0423 with a 24-hour trading volume of $7,887,105. ASTR price is down -5.76% in the last 24 hours. It has a circulating supply of 3.95Bil ASTR tokens and a max supply of 7Bil. In order to explore addresses and transactions, you may use block explorers such as

• astar.subscan.io

What Is Astar Network (Astar)?

Astar Network(Plasm has rebranded to Astar Network for becoming a Polkadot-native dApp Hub), a scalable and interoperable infrastructure for Web3.0. Since Astar Network is built on the Parity's Substrate framework, it can be a future Polkadot parachain that also acts as a scalable smart contract platform. The design of Polkadot Relaychain does not support smart contracts. This allows Astar to fill in this gap.   

Core Features of Astar Network (Astar)

The Astar Network has three additional features in addition to the existing Substrate modules:

Operator Trading
This is enhanced smart contract owner management which allows the tokenization of contracts and transfer of contract ownership.

dApps Rewards
This is the reward system for dApps (including Astar Applications) developers. It is a blockchain-specific monetization model for Web3.0 and maybe even the next generation.

Multi-Lockdrop
Lockdrop is a method for distributing tokens. Participants lock tokens from other blockchains (DOT, KSM, or ETH) for a certain duration. Native tokens are then distributed to participants and the opportunity cost that comes is taken as collateral. Repeat this multiple times to distribute the native token with value to a massive number of token holders.

Astar Token distribution

Users and Early Supporters: 30%
1000 days lockdrop participants have 7 months linear vesting with 10% initial allocation and other participants have 15 months vesting with 10% initial allocation after the launch.
Parachain Auction in 2021: 20% 22 months linear vesting with 10% initial allocation.
Parachain Auction Reserve: 5% Funds to be used for future parachain Lease Offerings.
Protocol Development: 10% Funds to be used for protocol developments and a grant program (TBA).
On-Chain DAO: 5% Funds for the on-chain treasury that our community decides how to use.
Marketing: 5% Funds to be used for marketing purposes.
Early Financial Backers: 10% Early financial backers joined our ecosstem back in 2020. They have 7 months vesting with 10% initial allocation.
Team(Employee Incentives): 5% Incentive pool for Stake Technologies employees (2 years lock and 3 years vesting with 0% initial allocation).
Foundation: 10% Stake Technologies will creates a foundation and this allocation is for future operations.

The Problems Astar Solves

Astar Network is a scalable smart contract platform on Polkadot supporting cutting-edge layer 2 solutions. It is built on Substrate and designed to be a Polkadot Parachain. Plasm Network aims to make Ethereum 2.0 on Polkadot.
Astar Network focuses on making the best smart contract platform so that dApps developers on Polkadot do not need to pay much attention to infrastructure and can focus more on their dApp. Ideally, the developers can build whatever applications on Plasm Network without having to consider its scalability. Astar Network solves prominent issues: scalability and interoperability.

Astar Network (ASTR) Community

• Twitter: https://twitter.com/AstarNetwork
• Discord: https://discord.gg/Z3nC9U4
• Medium: https://medium.com/astar-network
• Telegram: https://t.me/PlasmOfficial