What does astr crypto do?

Primary Use Case 3: Governance: Beyond staking and payments, the ASTR token also plays a crucial role in the governance of the Astar Network. Token holders can participate in decision-making processes, such as voting on proposals that shape the future of the network.

Introducing the Astar Network and its Token, ASTR: In this video, we delve into the basics of the Astar Network, a platform that has garnered significant attention in the blockchain space. With a focus on understanding the network's CORE features, we shift our attention to its native token, ASTR.

Utility of the ASTR Token: The ASTR token serves as the lifeblood of the Astar Network, enabling various functionalities that contribute to the network's growth and development. Understanding its utility is crucial for anyone looking to invest in or utilize the Astar ecosystem.

Primary Use Case 1: DApp Staking: One of the primary use cases of the ASTR token is DApp staking. This allows users to stake their ASTR tokens to support decentralized applications (DApps) built on the Astar Network. By doing so, users not only contribute to the network's security but also earn rewards in the form of additional ASTR tokens.

Primary Use Case 2: Payment for Services: Another significant use case of the ASTR token is as a means of payment for services within the Astar ecosystem. From transaction fees to accessing premium features, the ASTR token facilitates seamless and efficient transactions within the network.