Astar ASTR
Astar Price Change 24H Change 7D Change 1M Change YTD Market Cap Volume 24H Circ. / Max Supply
$0.0217 -8.33% -25.70% -27.77% -64.06% $165.26 M (#184) $17.64 M 7.63 B / 7.00 B -
Show Quick Stats

What is Astar

Learn what is Astar and how does Astar work

Abstract

Astar Network is a Layer-1 Blockchain selected by the Japanese Blockchain Association as the most popular blockchain in the country. It is used by developers and businesses who want to explore the Web3 space. It is the first blockchain listed in the country, despite Japan's strict regulations. Until June 2021, Astar Network was known as Plasm Network. ASTR is the native cryptocurrency token of Astar Network, and it is used for various purposes within the network. Some of its primary use cases include: Transaction fees: ASTR is used to pay transaction fees for sending and receiving transactions on the Astar Network. Governance: ASTR token holders can participate in the network's governance by voting on proposals and making decisions about the network's future direction. Staking: ASTR tokens can be staked to participate in the network's consensus mechanism and earn rewards for helping to secure the network. Incentives: ASTR tokens are used to incentivize developers to build and contribute to the Astar Network ecosystem through the Build2Earn program.

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.

Dark Theme   Light Theme