What is Astar Network?
Astar Network is a smart contract platform that allows developers to build decentralized applications (dApps) with multi-chain support. This ensures that dApps can run efficiently across various networks, providing flexibility beneficial for developers.
The project also utilizes Layer-2 solutions like zkEVM, capable of handling high transaction volumes at low costs.
How Does Astar Network Work?
Astar Network operates using a multi-chain model, where dApps can function across multiple blockchains simultaneously. One of the key components is the Zero-Knowledge Ethereum Virtual Machine (zkEVM), which enables the execution of Ethereum smart contracts with high privacy and efficiency.
Here’s the transaction flow with zkEVM on Astar Network:
1. Transaction Initiation: Users initiate a transaction through dApps running on Astar Network, which is then sent to zkEVM for processing.
2. Transaction Verification: zkEVM employs zero-knowledge proofs to verify the transaction without revealing sensitive data, enhancing privacy and security.
3. Transaction Processing: After verification, the transaction is processed within the smart contract on zkEVM.
4. Transaction Finalization: The transaction result is stored on Astar Network’s main blockchain, and users receive confirmation.
Astar Parachain and Astar zkEVM
- Astar Parachain: Astar Network integrates with Polkadot as a parachain, enabling high interoperability between Polkadot and other blockchains. This allows fast, secure data and asset transfers across networks, enhancing transaction efficiency.
- Astar zkEVM: This innovation allows Ethereum smart contracts to be executed with better privacy using zero-knowledge proofs. It ensures high efficiency and privacy, crucial for decentralized finance (DeFi) applications and digital identity solutions.
Advantages of Astar Network
1. Interoperability: Supports various blockchains, facilitating better integration and communication across networks.
2. Scalability: Utilizes Layer-2 solutions to handle high transaction volumes with low costs.
3. Security: Incorporates strong consensus mechanisms and zero-knowledge proofs for data privacy and security.
4. Development Flexibility: Supports multiple programming languages and development tools.
ASTR Tokenomics

The ASTR token has no maximum supply, with an estimated annual inflation rate of 665 million ASTR. The initial distribution includes:
- Early Supporters: 30%
- Parachain Auction 2021: 20%
- Parachain Auction Reserve: 5%
- Protocol Development: 10%
- On-Chain DAO: 5%
- Marketing: 5%
- Early Financial Supporters: 10%
- Team Incentives: 5%
- Foundation: 10%
Utility of ASTR Token
- dApp Staking: Token holders can stake their ASTR to support dApps and earn block rewards.
- Gas Fees: ASTR is used to pay for on-chain transaction fees.
- On-chain Governance: Token holders can participate in the governance process by voting on proposals.
Team and Investors

Led by Sota Watanabe, the Astar Network team is based in Tokyo, consisting of experts in blockchain, cryptography, and software development.
Funding Rounds:
- Series A (Feb 2021): $2.4 million from Binance Labs and others.
- Undisclosed (June 2021): $10 million led by Fenbushi Capital.
- Strategic (Jan 2022): $22 million led by Polychain Capital.
Conclusion
Astar Network is an innovative platform addressing interoperability and scalability challenges in blockchain. With advanced features like parachain and zkEVM, it offers a robust foundation for developers to create secure, efficient decentralized applications.

Risk Disclaimer: Cryptocurrency prices are subject to market risk and high price volatility. You should only invest in products that you are familiar with and understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance and consult with an independent financial advisor before making any investment. This material should not be interpreted as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are fully responsible for your investment decisions.

#BinanceLaunchpoolHMSTR #Astarnetwork FOMC

In the following summary, let's take a look at the growth journey and tech developments of Astar Network $ASTR at the beginning of November 2023. This article is the first article to be written on a monthly basis and only published on Binance Square.
Astar collaborates with Biconomy, by integrating the Biconomy SDK. Biconomy SDK is an all-in-one toolkit for building applications (dApps) with ERC4337 account abstractions and smart accounts. With this collaboration, it will be easy for dApps builders to implement Account Abstraction. Currently available on Astar Native VM (Substrate) and Astar EVMThe Account Abstraction feature will also be available in the upcoming L2 Astar zkEVM chain. By utilizing social login, account recovery and so on, it will be easier for users to onboard into the Astar ecosystemThe first offline meetup in Japan was held by the Astar Network Japan community at the end of last week at Golden Egg, Tokyo, Japan. This large meeting was held for the first time and coincided with the presence of Maarten Henskens, Head of Astar Foundation and Luiz Ramirez, Lead Community GrowthHaneda Airport collaborates with Astar Network, where travelers can collect digital stamps across 17 stores at Haneda Airport, Haneda Innovation City, and Ota Ward. This partnership is supported by Sushi Top NFT, as one of the major NFT projects on the Astar NetworkAs an initial step to develop growth in the South Korean market. Astar Network announces collaboration with Factomind. This collaboration is believed to be able to increase the positive growth of Astar Network, especially in South Korea in early 2024As a step to get closer to users and the community, Astar held the Astar Idea Matsuri. An ideathon with rewards where anyone can present their wild ideas complete with a draft plan, without the need for an MVP (Minimum Viable Product), which means without having to code.From October 2023 to early November 2023, the testnet of Astar zKEVM (Astar zKatana) has achieved high traffic spikes. This traffic spike comes from various dApp builders who want to launch their dApps on Astar zKEVM, various tests carried out internally by the Astar Foundation along with its infrastructure partners and also from users who are taking advantage of this momentum to hope for retroactive rewards (which no official announcement until now).
Those are all the activities that occurred on Astar Network at the beginning of this month. With the speed and aggressiveness of the Astar Network team and with its big partnerships with several giant enterprises, we will see how lively the chain will be, especially on Astar zKEVM which is highly anticipated.

Happy New Year 2024! $ASTR prices experienced a significant and fantastic increase during December, before a correction occurred in early January 2024. In December, the Astar team also worked hard on one of the most important upgrades to the Astar Network before launching Astar zkEVM in February, namely dApp Staking v3. Currently dApp Staking v3 is in the final audit and UI polishing so that users can be comfortable when using the Astar portal. dApp Staking v3 marked the final phase for Tokenomic 2.0. What's changed? Let's take a look.

Voting and Staking Mechanism:
For Stakers, the minimum requirement to stake is 500 ASTR and the token unstaking time is ~10 ERAs (10 Days). In 1 Periode (~3 months) There are 2 SubPeriodes : Voting phase and BuildAndEarn phase.Voting phase is ~10 DaysBuildAndEarn phase are ~81 daysDuring the Voting phase, stakers didn't received any staking rewards, and their token were locked. The same happened with the dApps / Projects, they don't earn any staking rewards either.During the Voting phase, if a staker put 1000 ASTR and didn't reduced his/her stake below that number until the 1 Periode end (after 3 months) then he/she are eligible for bonus reward. During the Voting phase, a staker can move to whichever projects that he/she wants.During Voting and BuildAndEarn phases, stakers can add or unstake their tokens and claiming their rewards any time they want.Users who didn't stake their token on Voting phase, didn't eligible for rewards.There's a limit of how many days you can claim your staking reward. Be advised to claim your rewards each week, otherwise it will be expired by the end of the periode.Every new periode start all dApps stakes will be reset.By staking means all staker's ASTR never leave their wallet. They are just locked and can't be transferred.
dApp/Project Tiers:
Now there are 4 tiers for the dApp. Each has limited slots.Different with previous dApp Staking v2, in v3 all dApps got reward depending on their tier.If a dApp/project has a lot ASTR delegated to them, their chances to land on the highest tier is big.There is possibility of another reward from a dApp or project if a staker staked their ASTR with them, kindly DYOR before you delegate your $ASTR with them.If there are empty slots in a tier, all reward for that slot will be burned.

Tokenomic 2.0:
Staker's APY still ~10%There's no max supply, but now ASTR has less inflation, reduced from ~10% to ~5.8%All $ETH revenue on Astar zkEVM will be use to buyback ASTR and burn (both actions using third party)ASTR gas fee on Astar Native VM (the one using Substrate wallet) now equals with Astar EVM with all tips to Collator (Tx validator on Polkadot eco terms), and the rest is burned.In the case if the traffic txs on Astar is very high, the actual number of inflation can be extremely lower than ~5.8% because of the massive burn mechanism.
#Astarnetwork #astar

The beginning of December was marked by the return of bulls in the crypto market. The positive situation and the sudden return of holders and various analysts on various social media are signs of the start of the bull season. Likewise, the activity of the core team at Astar Network reached its peak to this December. Below we discuss Astar's various achievements from last month to today. Let's take a look :
The implementation of Phase 2 of Tokenomic 2.0 has resulted in an increase in gas fees for using the Astar Network, especially on the EVM side. This is a bit surprising to many people who are very used to very, very cheap gas fees. However, if Tokenomic 2.0 is 100 percent implemented, it is hoped that the gas fee will result in an efficient token burn mechanism and will reduce annual inflation in Astar.The Astar Portal comes with a new look. This is believed to make it easier for users to connect to the Astar Network. Especially for the transfer flow between Astar Native / EVM and Astar zkEVM (L2 on Ethereum)The number of transactions on the Astar Network reached the 10M milestone with a total of 593k holders, this figure is predicted to explode even more after Astar zkEVM is launched.LayerZero, Sentio and Band Protocol, all of them are partnering with Astar Network, currently they have been testing on Astar zKatana (Astar zkEVM testnet)Even though Astar Network has openly announced market expansion to Korea. However, incognito, the presence of Astar Network as the best blockchain for B2B is present in Indonesia, specifically at Aeon Mall BSD. Sushi Top collaborates with PT Aeon Mall Indonesia for NFT (SBT) distribution services at the "Aksi Bersama Untuk SDGs" event.Verifiable Random Function (VRF) will be launched on Astar zkEVM. It is believed that this will enrich the convenience of builders, especially those who focus on gaming, NFT generation and various other things. This was realized through the collaboration of Astar Network and Gelato.Astar Network will launch Astar zkEVM on Q1 2024, There will also be a rumored launch campaign with attractive reward.
Astar Network currently the biggest L1 on top of Polkadot ecosystem based on market cap.
#Astarnetwork #AltcoinPotential #ASTR/USDT #Polkadot
$ASTR