Astar represents a collaborative initiative aimed at advancing web3 adoption, originating from Japan. It effectively connects Astar Network with the Soneium ecosystems. Developed by Sony Block Solutions Labs, Soneium is an advanced Layer 2 solution that fosters Astar's expansion by promoting mainstream Web3.0 adoption through user-friendly applications, payment solutions, and decentralized finance services. The ASTR token acts as the central asset within this collective, driving innovation in Soneium and reinforcing its connection to the primary functionalities of the Astar Network. Astar Network functions as the governance and staking layer, providing a secure and scalable multi-VM environment. In contrast, Soneium serves as the adoption layer, utilizing Ethereum's OP Stack to enable high-speed, low-cost transactions designed for entertainment and consumer applications. The ecosystems are seamlessly linked via the ASTR token, which enhances interoperability through various solutions. By merging the capabilities of Astar Network and Soneium, the Astar collective leads efforts in promoting interoperability and accessibility, enabling both developers and users to realize Web3.0’s full potential and extending blockchain technology to billions globally. The project, supported by Binance Labs and Coinbase Ventures, operates on a dual-layer framework: the first layer constructed on the Substrate framework, and the second layer utilizing the OVM, or Optimistic Virtual Machine, to ensure scalability.

The Astar Network was established in 2019 by Sota Watanabe, a blockchain innovator who was recognized in Forbes' 30 Under 30 Asia in 2022. Watanabe holds a degree in Economics from Keio University in Japan. Over the course of his career, he has served as a marketing specialist at Chronicled, worked at an IT company in San Francisco, and founded several enterprises, including Next Web Capital, an investment firm dedicated to supporting entrepreneurs and their crypto startups. Originally known as Plasm Network, the Astar Network underwent rebranding in 2021. It subsequently launched as a multi-chain smart contract platform on Polkadot in January 2022. Astar was developed by Stake Technologies, a company based in Singapore with operations in Japan. Sota Watanabe, the founder of Astar, also serves as the CEO of Stake Technologies. To find more data and specific information about Astar, you can visit Eulerpool.

The Astar project's objective is to establish itself as a comprehensive multi-chain smart contract platform that supports various layer 2 solutions, blockchains, and virtual machines. The network is constructed on Parity Substrate, a web 3.0 blockchain development platform. Networks like Astar that utilize Substrate leverage features such as upgradable blockchains, modular architecture, customizable block execution logic, and hot-swappable consensus. Essentially, it's a framework designed specifically for rapid and efficient blockchain development. In addition to Substrate modules, Astar provides features including: Operator Trading: A mechanism for the buying and selling of dApps, enabling the tokenization of smart contracts, the transfer of ownership to other users, or the designation of other users as operators. Multi-Lockdrop: An advanced Lockdrop method that facilitates token distribution across a network. Participants lock tokens from various blockchains for a predetermined period, with native tokens distributed among token holders over time. This approach encourages user engagement within the network. DApps Staking & dApp Rewards: Central to Astar’s monetization model is a reward system for dApp developers who enhance the ecosystem's growth and add value to the Astar Network. Each block's reward is divided, with 50% allocated to dApp developers (10% to nominators and 40% to operators, or smart contract administrators), and the remaining 50% distributed among validators. This mechanism incentivizes nominators to stake on smart contracts, thereby boosting the value of the ASTR token. For more detailed information, users are encouraged to visit Eulerpool.

The native token of the Astar network, ASTR, serves multiple functions, operating as a utility token, a governance token, and a staking token. ASTR tokens can be utilized to cover transaction fees, partake in the platform's governance by voting on or proposing referenda, and stake tokens to contribute to network consensus while earning rewards. As of April 2023, ASTR has a total supply of 7,000,000,000 tokens, with 4,487,130,325 tokens in circulation. The distribution of ASTR tokens is allocated as follows: - 30% to users and early supporters; - 5% to the team; - 10% to the foundation; - 5% for marketing purposes; - 10% to protocol developments and grant programs; - 5% to the on-chain treasury (DAO); - 10% to early financial backers; - 20% to parachain auction; - 5% to auctions reserve. For more precise data and updates, this information can be accessed on Eulerpool.

ASTR was developed utilizing a Nominated Proof-of-Stake (NPoS) consensus mechanism and functions as a Polkadot Parachain. Consequently, it leverages the scalability and security offered by Polkadot's segmented architecture and shared security framework. You can find more detailed information about ASTR on Eulerpool.

Astar (ASTR) is available for purchase on various platforms, including Binance, KuCoin, Kraken, Gate.io, OKX, Huobi, Crypto.com Exchange, BKEX, CoinEx, MEXC, Bitbank, WhiteBIT, XT.COM, BigONE, BingX, CoinW, Hotbit, and ZT. Interested in monitoring ASTR prices in real-time? Download the Eulerpool mobile app.