Astar Network to Burn 350M ASTR, 5% of Total Supply
🚀 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. 🌟
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!
