Astar Network recently announced on its social platform that it has successfully destroyed 350 million ASTR tokens, accounting for 5% of the total supply of its multi-chain smart contract network, after a community vote. This decision was made after a well-thought-out and community governance process, and was finally implemented with high community participation and clear support for the burning proposal.

The news of the token burn had an immediate impact on the market, and the ASTR price rose by 3% as a result. This burn not only demonstrated the power of community-driven governance in blockchain projects, but also marked an important step for Astar Network in optimizing its token economy.

In addition to the token burn, approximately 70 million ASTR tokens were deposited into the community treasury as rewards and are planned to be used to support the Unstoppable Community Funding Program, further strengthening the network's commitment to community-driven development.

ASTR traded at $0.06574 after the token burn, with a 24-hour trading volume of $42.1 million. Despite a 7.77% drop in the past week, Astar Network still has a market capitalization of $404.7 million. Astar's dApp staking mechanism is a key feature in its ecosystem, supporting decentralized applications by distributing staking rewards directly to dApp developers and stakers. #BTC下跌分析 #TON #astr #美联储何时降息？