Astar Network to Burn 350M ASTR, 5% of Total Supply

๐Ÿš€ Following a governance vote, they're set to burn 5% of ASTR's total supply and allocate an additional 70 million tokens to the community treasury. ๐ŸŒŸ

Token burns are often seen as bullish events as they reduce circulating supply, potentially increasing scarcity and demand. Astar's move reflects confidence in their project's future and commitment to community-driven growth.

In the past 24 hours, ASTR has surged over 7%, outperforming market indices. This momentum, coupled with their innovative partnerships like integrating Polygon's AggLayer, positions Astar Network as a key player in the multi-chain smart contract space.

Stay tuned for more updates as Astar continues to innovate and grow!

๐Ÿš€๐Ÿ’ซ #Astar #CryptoNews๐Ÿ”’๐Ÿ“ฐ๐Ÿšซ #TokenBurn #Blockchain