ASTR Project Analysis-CoinW Research
ASTR Project Analysis
1. A short review of the research institute
Astar network, was known as PALSM, which is the first project on Polkadot to accept investment from Binance Labs. In the beginning, it planned to implement Layer 2 technology in Polkadot. Later expanded its vision and began to introduce the concept of web3. Astar has been in development for more than 3 years and a lot of work is being done step by step. It is a very important project in the current Polkadot ecosystem.
2. Project introduction
Astar Network is a scalable and interoperable infrastructure for Web 3.0. Since Astar Network is built by Parity’s Substrate framework, it can be a future Polkadot parachain or a scalable smart contract platform. The Polkadot relay chain does not support smart contracts by design, which provides Astar the opportunity to fill that void. Scalability is obviously one of the most important requirements for dApp developers. Ideally, developers can build any application on the Astar Network regardless of its scalability.
3. Token Usage
1. DApp pledge
DApps Staking is an original solution invented by the core team of Astar Network. In the Polkadot ecosystem, only the Astar ecosystem supports this function. Astar Network aims to be the leading DApps hub on the Polkadot network. Therefore, we have prepared incentives for DApps developers to make smart contracts on Astar Network.
2. NPoS pledge
Astar token holders also have the option to stake Astar on the network (Astar network validators or collectors). By doing so, stakers earn nomination rewards and the network becomes more decentralized.
3. Transaction
There is a fee for every on-chain transaction.
4. On-chain governance
We plan to have on-chain governance, and Astar tokens are used to facilitate governance activities such as voting and referendums.
5. Layer 2
Astar Network is a layer 1 platform that supports layer 2 implementations. Layer 2 application developers make deposits on their layer 1 smart contracts and create layer 2 applications.
4. Token distribution
Total Token Supply: 7,000,000,000
Token ticker: $ASTR
Inflation: 10% (annual)
Users and Early Backers 30%
2021 Parachain Auction 20%
Parachain auction reserve 5%
Protocol Development 10%
On-chain DAO 5%
Marketing 5%
Early Financial Backers 10%
Team 5%
Base 10%
5. Investment institutions
binance labs, block dream fund, au21 capital, DFG, SNZ, IOSG ventures, SubO capital, longhash ventures
6. Future Development
At present, the Polkadot ecology is not really running. The purpose of the ecology is to serve products in the end, and the goal of the Astar network is to focus on being the best smart contract platform, so that dApps on Polkadot can focus on product development. Astar will show its value only when Polkadot products explode on a large scale.
basic information
Project Introduction
Token Name: ASTR
Project official website: https://astar.network/
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