Astar Network will destroy 350 million ASTR tokens, accounting for 5% of the total supply

According to TechFlow, Coindesk reported that Astar Network will destroy 350 million ASTR tokens through governance voting, accounting for 5% of the total supply. These tokens were originally allocated for the Polkadot parachain auction, but the project has now been terminated. Of the tokens destroyed this time, 70 million ASTR were transferred to the community treasury as rewards. In the past 24 hours, the price of ASTR has risen by more than 7%, and the trading volume has exceeded 50 million US dollars, an increase of 84% from Monday.