Astar Network is planning to burn
350 million ASTR tokens, which constitutes 5% of its total supply. This decision was arrived at following a
community vote, a move speculated to have caused an increase in the coin’s price by 6%. This follows
Astar's (ASTR) recent steady growth, with a 25% spike likely influenced by this proposal. The token has further witnessed a 44% surge after listing on a prominent exchange, supporting its recognition as one of the fastest-growing cryptocurrencies. The ASTR price, however, remains in a downtrend despite the launch of
zkEVM. Partnerships have also been announced with
Toyota and
Sony. Toyota is sponsoring an Astar Network's Hackathon to explore blockchain use cases. Sony, on the other hand, is entering into a
Web3 Incubation Program with Astar Network. In other developments, Astar is set to add
15 new projects in April.
Polkadot's Astar (ASTR) and the Polygon (MATIC)'s AggLayer are fully integrated with the interoperability protocol as Astar zkEVM goes live. For investors, ASTR is considered to have potential for long-term gains in the DeFi Space and ASTR has gained 186% since December. Lastly, Astar is credited as 'Product of the Year' in Japan.
ASTR Coin News Analytics from Sat, 09 Sep 2017 09:45:16 GMT to Fri, 23 Aug 2024 07:00:00 GMT -
Rating 5
- Innovation 7
- Information 6
- Rumor 4
