The Astar community is about to burn 5% of the full token provide

• 350 million ASTAR tokens have been earmarked for burning, eliminating 5% of the full token provide.
• The tokens have been initially meant for the Polkadot parachain program, which has been discontinued.

After a profitable governance vote, the blockchain community will burn 350 million ASTAR tokens for use for the Polkadot parachain program, which has allowed tasks to hyperlink the Polkadot relay chain.

The allocation introduced a further 70 million ASTAR tokens that shall be added to the treasury whereas the preliminary tokens are burned.

The multi-chain community noticed larger buying and selling quantity after the announcement as its token value rose 7%, however has since pared some features.

Astar lately launched the zkEVM chain, which integrates with Polygon's Agglayer expertise, permitting property to be despatched seamlessly throughout different chains in Polygon's rising community of interconnected layer 2 chains.