Astar

What is Astar Network (ASTR)?

Astar Network is a multi-chain smart contract platform developed to build Web3-based platforms. It was built on the Polkadot platform and is EVM (Ethereum Virtual Machine) and WebAssembly (Wasm) compatible, allowing cross-chain compatibility. At the same time, it provides scalable infrastructure to run decentralized applications (dApps) with low transaction costs.

Astar Network integrates Layer 1 and Layer 2 solutions in Polkadot's shared security environment and zkEVM (zero-knowledge Ethereum Virtual Machine) built with Polygon technology, which increases scalability. With these features, dApp developers on Astar can deploy their dApps written in any programming language and run cross-chain smart contracts.

Astar was founded by Sota Watanabe in 2019 and was named Plasm Network at that time. In 2021, the name was changed to Astar Network. The company, Stake Technologies, is based in Singapore and is built as a parachain in the Polkadot ecosystem.

Astar has gained adoption from projects like ArthSwap (DEX), AstridDAO (DeFi lending), and Astar Degens (NFT community DAO) as it continues to develop the ecosystem and looks for strategic partnerships and enterprise blockchain applications.

Key Features Multi-Chain Compatibility:

EVM and Wasm support allow for various frameworks during development.

Build2Earn Program: Developers can earn rewards for building dApps on Astar.

dApp Staking: Users can stake ASTR tokens to support the building and development of projects and earn rewards.

Governance: ASTR token holders can vote on network proposals.

Scalability & Security: Astar leverages zkEVM and Polkadot’s NPoS (Nominated Proof-of-Stake) for a more efficient network.

What is the ASTR Token?

ASTR is the native token of Astar Network, and can be used for fees (gas), staking, governance, and incentives for the ecosystem. Astar has a total supply of ASTR tokens of 8.38B.

History of ASTR Coin

The launch of the ASTR token occurred on January 17, 2022, following the completion of the Astar Network Crowdfunding, which occurred on January 17. The ASTR token's initial coin offering (ICO) was on December 16, 2021, with a Main Sale Price of $0.514. When the ASTR token was listed, it opened at $0.2600 with a Pre-valuation of $3.6 Billion.

The ASTR token sale accepted DOT (Polkadot) as a currency for the sale, emphasizing the token's alter ego status to its Polkadot para chain. The ASTR token has subsequently fallen further into operational time and time again over several quarters of cyclical time supporting Web3 innovation and multi-chain.

Where to buy ASTR Tokens?