Startale, the company who founded Astar Network $ASTR finally launching their most anticipated project this year, a joint project with Sony Global, they launched #Soneium . Another L2 Eth build with OP stack that plan to go main net by the end of 2024. What is the most exciting is actually Soneium is absorbing Astar zkEVM, a former L2 build with Polygon zkEVM. So almost all Astar ecosystem being migrated to Soneium.
What we know regarding Soneium (and #Astarnetwork ) until now :
- Astar zkEVM will be closed right after Soneium goes mainnet.
- All Astar zkEVM users and their assets will be migrated to Soneium.
- Astar will be a special partner on Soneium main launch.
- Soneium confirmed there will be no native token (for now).
- ASTR will be the primary asset and special utility token on Soneium.
- Soneium will plan to expanding its reach to almost all Sony global ecosystem, include Sony Music Jp and Sony Pictures.
- Soneium release its dev grant program, called Soneium Spark, and prioritize all dApp/projects who never released a token. Also open its door to other dApp who already live on other chain as well.
- Confirmed bridge like OwlTo and Orbiter is already on testnet.
- Rumor said there will be a special incentives for ASTR holder on Soneium.

Soneium are primarily backed by Sony group and several key venture capital partner for their ecosystem program such as : Bitkraft, Neoclassic Capital, Delphi Ventures, DFG, Newman Group, Mechanism Capital, HashKey Capital, The Spartan Group, Xcelerator, UOB Venture Management.

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

While Astar zkEVM already reached ~2.2M tx after 2 months launched, Astar newest L2 Eth, despite a bit buggy when it was launched, now is running real smooth and it's ecosystem is growing steadily, with the avg gas fee is around 0.01 USD / tx ($ETH ~3k USD). Here are latest curated updates regarding Astar Network:
Yoki Origins, Astar zkEVM launch campaign, will end on May 31st,2024. $ASTR will be airdropped to eligible participant.ON1 Force, a reputable NFT collection, is set to launch on Astar zkEVM on May 23rd, 2024. Be ready for a minting clash. Team SoNoisy is also deployinhg their Sony-related NFT collection on Astar zkEVMThere are possible airdrops on VeryLongSwap (VLS), new emerging DeFi AMM on Astar zkEVM, just stake ASTR, Earn VLS Points, & Unlock Rewards.Neurolaunche, a reputable GameFi/AI project on Astar, is helding an airdrop for those who staked their ASTR with them on Astar Portal. And also hosting their first token sale.Astar 3.0 will be announced in very short time, also this will explained the relationship between Startale and Sony, related to Sony blockchain launching by Q4 2024.Staking ASTR on Astar zkEVM using Omni LS is currently on maintenance, user who has vASTR can swap to ASTR on Quickswap.On Astar L1 Native, there's an airdrop of PINK token and DED token for active ASTR staker and DOT staker.Astar fully On-Chain Governance, which will be launched very soon, will accomplished it's primary objectives becoming mature and full decentralized, permisionless and community driven blockchain.
#Astarnetwork #astar #L2

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

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.

Last month during Astar Network $ASTR Community Call, Astar's founder Sota Watanabe was announcing that Astar going to expand its B2B penetration in Korea. It may seem like it doesn't mean anything to crypto enthusiasts who generally always look at price movements and hype alone, but this step is a long-term plan for the development of the Astar Network from a global perspective, especially Asia. Astar has established an outstanding B2B record with traditional institutional entities, and has proven to be a huge success in Japan. B2B collaboration was announced first with NTT Docomo, then Toyota Global, followed by Sony Network, and also others such as Calbee, Mazda or Mitsubishi Estate. Even though the majority of this collaboration is more experimental, this is quite an eye-opener for stakeholders from these institutions. Until finally Sony Network announced that it would build their own blockchain in collaboration with Startale, a for-profit company for the development of the Astar Network, and the Astar Foundation itself.

Binance added $ASTR to its Simple Earn Locked program here on July 11. This partnership marked significant exposure to those who are new to Astar before. As all ASTR gathered from users who are participating on Simple Earn. It will provide fund to be staked directly to Community Treasury on Astar dApp Staking.

As a reminder, one of Astar unique feature is Astar dApp Staking, with the previously launched Tokenomics 2.0 on Astar, current inflation is now dynamic between 2-3%, previously it was fixed to 10%. dApp Staking is the mechanism that all projects who build on Astar, infrastructure who support Astar, and Community Treasury are whitelisted and stakers could stake their ASTR with them on Astar portal. Block rewards then splitted between stakers and listed projects.

Now let's compare between Staking directly on Astar and staking on Binance via Simple Earn Program. Pick which one suited you.

Staking Directly on Astar Portal
Benefit :
- Potential airdrop if you staked on certain projects
- APY ~10%
- You can claim staking reward everyday
- If you withdraw your ASTR anytime you want and keep the reward

Simple Earn on Binance
Benefit :
- few clicks only within Simple Earn inteface
- Max APY ~19.9%
- Support instant unstake, no need to wait ~10 days to unstake.
- Avoiding phishing/scams risks.

#Astarnetwork #astar