03 Jul 202410:06
Project update
Astar Network (ASTR) will burn 350 million ASTR tokens

Astar Network (ASTR) will burn 350 million ASTR tokens

The tokens were originally allocated for Polkadot parachain auctions, a product which has since been shelved by Polkadot. 350M ASTR tokens ($25.7 million) yielded 70M ASTR in rewards, which will now be transferred to the treasury.