Astar Network priceASTR

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ASTR price live data

The current price of Astar Network is --, with a 24-hour trading volume of --. In the last 24 hours, the price of Astar Network increased by 2.91%. With a circulating supply of 613,730,000 ASTR, Astar Network's fully diluted market cap stands at --. Currently, Astar Network ranks No.108 by market cap. The ASTR to price is updated in real-time.

Astar Network market information

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613,730,000 ASTR
Market cap at circulating supply

About Astar Network (ASTR)

The Astar Network (formerly Plasm Network) aims to build an open-source, decentralized, scalable and interconnected Web3 infrastructure. Astar is built with Parity's Substrate framework and helps link multiple layer 1 blockchains to the Polkadot network. ASTR is the name and ticker symbol for Astar's native utility token.

Astar launched its mainnet on January 17, 2022, after securing a slot on the Polkadot parachain. Its multi-chain smart contract platform supports EVM, DeFi, NFTs, DAOs, dApps staking and layer 2 solutions.

DApp staking incentivizes developers to build dApps on the network. Rewards are distributed between developers and nominators. On the other hand, Astar's layer 2 scaling solutions are supported by their Optimistic Virtual Machine (OVM).

ASTR has various use cases, such as paying on-chain transaction fees, facilitating governance mechanisms and building layer 2 applications.

ASTR price and tokenomics

ASTR has a total supply of 7 billion tokens, subject to a 10% yearly inflation. 20% went to Astar's first parachain auction on Polkadot, which secured them a slot. 30% went to early users who supported the network by participating in crowdfunding and staking programs. 10% was reserved for further project development and the remaining went to other essential allocations.

ASTR uses a 1:1 ratio for staking and liquidity and tokens are released through multiple drops to balance inflation. Furthermore, staking rewards increase proportionately to the inflation rate, incentivizing stakers to stake more. Ultimately, the token's inflationary forces and token circulation affect ASTR's price.

About the founders

Astar Network was founded by Sota Watanabe of Stake Technologies, which powers and backs the Astar Network. Maarten Henskens is the acting VP of Growth for both Stake Technologies and Astar Network.

Astar is financially backed by several prominent names such as Hypersphere, Huobi Ventures, Microsoft for Startups and more.

Astar raised $22 million worth of funds with the help of investors like the co-founder and CTO of Ethereum, Dr. Gavin Wood, as well as financial backers like Polychain, Alameda Research and Animal Ventures, to name a few.

Learn more about Astar Network (ASTR)

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Astar Network FAQ

What is ASTR?
Astar Network is an interoperable, scalable and decentralized blockchain project that enables developers to deploy Solidity and Polkadot-native smart contracts. Developers are incentivized to participate in the ecosystem through their ERC-20 liquidity token, ASTR.
What does ASTR do?
Astar Network connects multiple layer 1 blockchains to the Polkadot network. It supports an array of decentralized applications such as DeFi, EVM, NFTs, DAOs and layer 2 solutions. Additionally, it enables dApp staking, a unique form of staking that adds liquidity to the ecosystem and financially incentivizes developers to participate in the ecosystem. ASTR, the native utility token, is used for transactions and governance purposes.
Where can I buy ASTR?

You can buy ASTR from OKX exchange. OKX offers the ASTR/USDT and ASTR/USDC trading pair. Alternatively, you can buy ASTR directly with fiat or convert your crypto to ASTR.

Before you begin trading with OKX, you need to create an account. To buy ASTR with your preferred fiat, click "Buy with card" under "Buy Crypto" on the top navigation bar. To trade ASTR/USDT or ASTR/USDC, click "Basic Trading" under "Trade." Under the same tab, click "Convert" to convert crypto to ASTR.

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