Introduction to Astar Network
Astar Network is a Polkadot-based multichain smart contract platform that supports multiple blockchain virtual machines, including Ethereum Virtual Machine (EVM) and WebAssembly (WASM). The native token, ASTR, powers the network’s operations, governance, and staking mechanisms.
👉 Discover how Astar Network bridges Polkadot’s ecosystem
ASTR Token Allocation Breakdown
The total supply of ASTR tokens is strategically distributed to ensure network sustainability, development, and community growth. Below is the detailed allocation:
| Category | Percentage | Quantity (ASTR) | Purpose |
|---|---|---|---|
| Users & Early Supporters | 30% | 2,541,021,982 | Rewards for early adopters and community members |
| Polkadot Parachain Auctions | 20% | 1,694,014,654 | Funding for securing parachain slots |
| Parachain Auction Reserve | 5% | 423,503,664 | Backup funds for future auctions |
| Protocol Development | 10% | 847,007,327 | Core protocol upgrades and maintenance |
| On-Chain DAO | 5% | 423,503,664 | Decentralized governance initiatives |
| Marketing | 5% | 423,503,664 | Ecosystem growth and partnerships |
| Early Financial Backers | 10% | 847,007,327 | Investments from seed/private rounds |
| Team (Employee Incentives) | 5% | 423,503,664 | Long-term team alignment |
| Foundation | 10% | 847,007,327 | Operational and strategic reserves |
Key Takeaways:
- Community-Centric: 30% allocated to users and supporters.
- Polkadot Integration: 25% dedicated to parachain auctions.
- Development Focus: 10% for protocol innovation.
Astar Network Token Sale (IEO/IDO)
- IEO Period: January 16–17, 2022 (Completed)
- Platform: Gate.io Startup
- Raise Amount: Undisclosed
👉 Explore current Polkadot-based IDO opportunities
Upcoming Crypto Presales (Sample)
| Project Category | Launch Window |
|---|---|
| DeFi | November 28, 2024 |
| GameFi | November 28, 2024 |
| Blockchain Infrastructure | December 2, 2024 |
Market Performance (Snapshot)
- Current Price: $0.0232
- Circulating Supply: 8,129,925,957 ASTR (106.01% of max supply)
- 24h Range: $0.0231 – $0.0242
FAQs
1. What is Astar Network’s primary use case?
Astar Network enables cross-chain smart contracts, allowing developers to build dApps that interact seamlessly with Polkadot and other blockchains.
2. How can I acquire ASTR tokens?
ASTR is available on major exchanges like Gate.io, KuCoin, and OKX. Always verify contract addresses to avoid scams.
3. Why does Astar allocate 20% to parachain auctions?
Polkadot’s parachain slots are leased through auctions. This allocation ensures network security and interoperability.
4. Is ASTR inflationary or deflationary?
ASTR has a fixed max supply. Staking rewards are funded through transaction fees and ecosystem incentives.
5. What makes Astar unique among Polkadot parachains?
Astar supports both EVM and WASM, offering unparalleled flexibility for developers.
6. How does the on-chain DAO work?
Token holders vote on proposals ranging from treasury allocations to protocol upgrades.
Conclusion
Astar Network’s tokenomics emphasize decentralization, innovation, and community empowerment. Its strategic allocation balances immediate needs with long-term growth, positioning ASTR as a key player in Polkadot’s ecosystem. For real-time updates, monitor official channels and trusted exchanges.