Astar (ASTR)

Astar is currently trading at $0.0419, after a price change of -0.20% in the last 24 hours.

Ranked as cryptocurrency #138 by capitalization today, ASTR market cap is valued at $163,739,548. ASTR trading volume reached $4,001,660 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on ASTR coin price prediction page.

What is Astar?

Astar is an open-source blockchain based on Polkadot built for smart contracts. The protocol is built on Parity’s Substrate framework, a platform that opens access to Polkadot for interoperability. Astar aims to offer a scalable, interoperable, and decentralized application platform that supports Web3.0. The network claims to be a candidate for Polkadot’s Parachain as a hub for decentralized applications in multi-virtual machines and layer two scaling solutions. 

Astar aims to make parachains that communicate with EVM and WASM smart contracts. The network was rebranded from Plasm, and the name was used for the Polkadot Parachain. The platform also supports WebAssembly and layer-two solutions like ZK Rollups. Astar benefits from Polkadot’s nominated proof-of-stake consensus model featuring validators and nominators in network security. 

There are 2.08 billion circulating ASTR tokens from an uncapped supply of 7 billion. ASTR token can be staked in Astar’s multiple staking pools token rewards. Users can nominate their Astar tokens, also known as nominators. Half of the block rewards are allocated to the dApp staking, where they are split equally between the developers and nominators. The pools are managed by one of the ambassadors or a Core-Team member.

Astar Network was founded by Sota Watanabe in 2019, then called Plasm Network.