Cryptocurrency Q&A
What percentage of the Astr minted is eventually burned?
What percentage of the Astr minted is eventually burned?
Silvia
Tue Sep 24 2024
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5 answers
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Excuse me, but I'm curious about something. Could you please clarify for me the percentage of ASTR tokens that are eventually burned? It's important for me to understand the tokenomics and the long-term implications of this mechanism on the overall supply and demand dynamics of the token. Is there a specific figure or range that can be shared, or does it depend on certain factors that might change over time? I appreciate your insight into this matter.
5 answers
Chiara
Wed Sep 25 2024
The tokenomics of ASTR is characterized by a notable discrepancy between its total and circulating supply. This discrepancy stems from the fact that approximately half of all ASTR tokens minted are subject to eventual burning, creating a gap of approximately 50%.
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Sebastiano
Wed Sep 25 2024
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Silvia
Wed Sep 25 2024
This mechanism is designed to maintain scarcity and drive up the value of ASTR over time. By reducing the overall supply of ASTR in circulation, the developers aim to incentivize holders and investors.
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Martino
Wed Sep 25 2024
Moreover, Astar's developers have introduced an innovative mechanism for dApp staking. This mechanism involves the burning of block rewards if they are not allocated to specific projects.
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EthereumLegend
Wed Sep 25 2024
This approach encourages developers to actively engage with the Astar ecosystem and contribute to its growth. By assigning block rewards to projects that align with Astar's vision and goals, the developers aim to foster a vibrant and thriving community.
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