What is ASTR
Tokens
1. Project Introduction
The network supports the development of DApps using EVM and WASM smart contracts, providing developers with true interoperability through Cross-Consensus Messaging (XCM). Astar's unique Build2Earn model allows developers to earn rewards for writing smart contract code and building DApps via its DApp staking mechanism.
Summary: Astar Network empowers developers to create decentralized applications (DApps) and Layer-2 solutions by offering interoperable Web3.0 infrastructure, financial incentives, incubation programs, and technical support. By supporting EVM compatibility and enabling EVM and WASM smart contracts to coexist and interact within a parachain, Astar delivers an optimal development environment for all blockchain builders.
2. Team & Investment Info
Sota Watanabe (Founder) – A blockchain pioneer and a Forbes 30 Under 30 Asia honoree (2022). He holds an economics degree from Keio University, Japan. Previously worked as a marketing specialist at San Francisco-based IT firm Chronicled. Additionally, he founded Next Web Capital, an investment firm supporting crypto startups and entrepreneurs.
Funding:
Series A (Feb 2021): Raised $2.4M, led by Binance, with participation from HashKey and LongHash.
June 2021: Secured $10M, led by Fenbushi, with backing from Hypersphere and Gumi.
Strategic Round (Jan 2022): Raised $22M, led by Polychain, with participation from Alchemy, GSR, and Crypto.com.
3. Social Media URLs
X: https://x.com/AstarNetwork
Telegram: https://t.me/PlasmOfficial
Discord: https://discord.com/invite/astarnetwork
4. Token Info
Token Symbol: ASTR
Total Supply: 8,236,043,949
Token Type: ASTAR
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://astar.subscan.io/
Token Distribution:
Early Users: 30%, 10% unlocked at TGE, no lockup, 22-month linear vesting.
Parachain Allocation: 20%, 10% unlocked at TGE, no lockup, 22-month linear vesting.
Early Investors: 10%, 10% unlocked at TGE, 2-year lockup, 3-year linear vesting.
Team: 5%, 0% unlocked at TGE, 2-year lockup, 3-year linear vesting.
Foundation: 10%
Operations: 10%
Marketing: 5%
DAO: 5%
Treasury: 5%
5. Related Links
Official Website: https://astar.network/
White Paper: https://docs.astar.network/
Other Info: linktr.ee/astarnetwork
https://github.com/AstarNetwork
https://www.youtube.com/c/AstarNetwork
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