The ASTR token is the native cryptocurrency of the Astar Network, a multi-chain decentralized application (dApp) platform built on the Polkadot ecosystem. ASTR serves several key functions within the Astar Network:

Staking and Governance

ASTR holders can stake their tokens to participate in the network's consensus mechanism (e.g., in Polkadot's Relay Chain) and earn rewards. They can also use ASTR to vote on governance proposals that shape the future development and policies of the Astar Network.

Transaction Fees

ASTR is used to pay for transaction fees within the Astar Network. This includes fees for executing smart contracts, transferring assets, and interacting with dApps built on the network.

dApp Staking

Astar allows developers to earn ASTR tokens through dApp staking, where users can stake their ASTR tokens on specific dApps they support. This staking mechanism rewards both the dApp developers and the stakers.

Cross-Chain Interoperability

ASTR facilitates cross-chain transactions and interactions within the broader Polkadot ecosystem and beyond, allowing assets and data to move seamlessly between different blockchains.

These functions make ASTR an integral part of the #ASTR Network, supporting its operations, security, and growth as a multi-chain dApp platform.