Astar, formerly known as Plasm, is a polkadot-based project that aims to transform the development of decentralized applications ( dApps ) in the Web 3.0 ecosystem. In this blog, we will brief you about what is Astar, its token, and price prediction from 2024-2030. And you will also get to know how and where to buy the token from.
What Is Astar?
Astar is a multi-chain decentralized application hub on the Polkadot ecosystem. It supports Ethereum Virtual Machine (EVM), layer-2 solutions, and WebAssembly (WASM). It was founded by Sota Watanabe in 2019. The main aim of Astar is to solve the scalability issues faced by multiple blockchain networks while offering a platform for developers to create and use dApps easily.
What Is The $ASTR Token?
ASTR is the native token of the Astar network system. It is used for all the transactions within the network. It has different functions within the Astar space, like:
- Network staking: As ASTR token holders, users can become validators by staking their tokens.
- dApps staking: This is a very unique feature that allows token holders to stake the ASTR or dApps and also earn rewards.
- Layer 2 deposits: These tokens are used to create layer 2 applications on the Astar platform.
- Transaction fees: ASTR tokens are used for all the on-chain transactions within the network.
- On-chain governance: The user who holds these tokens can paritcipate in network governance by voting on the proposals they like.
Astar Price Prediction From 2024-2030
Here are the price predictions for ASTR tokens from 2024-2030. These price predictions are based on market changes, price fluctuations, market conditions, and more. However, these are just assumptions of how the price can change in the coming years. When making investing selections, don’t rely on these price projections. Because of the extreme volatility of the cryptocurrency market, prices might fluctuate at any time.
Current market data for ASTR:
- All-time high: $0.042 on 17 January, 2022
- Current price: $0.059
- Market cap: $42,38,10,133
- Market circulating supply: 7,12,95,23,966 ASTR
| Year | Lowest price | Highest price |
| 2024 | $0.056 | $0.084 |
| 2025 | $0.064 | $0.096 |
| 2026 | $0.081 | $0.12 |
| 2027 | $0.078 | $0.11 |
| 2028 | $0.092 | $0.13 |
| 2029 | $0.11 | $0.17 |
| 2030 | $0.13 | $0.2 |
Tokenomics Of ASTR
Here is the tokenomics of ASTR; refer to it to understand the market aspect better:
- Token type: native utility token in the Astar network
- Total supply of tokens: 7,12,96,23,966
- Consensus mechanism: Nominated proof-of-stake (NPoS)
- Use cases: dApps staking, layer 2 deposits fee, network staking, transaction fee, and on-chain governance
How And Where To Buy ASTR?
If you wish to buy ASTR tokens, then follow these simple steps carefully, and here are some options to buy them from:
Step 1: For all the exchange processes, you will need an exchange platform. So search the ASTR tokens available on which platforms. You can find them on:
- Gate.io
- Huobi global
- Binance
- KuCoin
- Zebpay
Step 2: Sign up for an account on the exchange platform that you chose. Here you will have to provide all your personal and some financial information and complete a security verification process like KYC.
Step 3: To buy the tokens, you will need money. So, after the account is set up, add funds to it. Many exchange platforms accept credit cards, debit cards, bank transfers, and maybe other types of cryptocurrencies.
Step 4: After adding funds to your account, you are now ready to buy the tokens. Open your exchange account, navigate to the ASTR trading pair, and place your order.
Step 5: After getting your ASTR tokens, transfer them to your wallet securely. Because this is an ERC-20 token, it is compatible with the Polkadot ecosystem, so you can store them in any wallet in this ecosystem as well.
Features Of Astar
Here are some unique features of Astar that make this project quite attractive:
- dApp staking incentivizes both users and developers who are engaging in the Astar ecosystem.
- Astar supports both WebAssembly and EVM, which allows developers to write smart contracts in different languages.
- Polkadot is a parachain, so Astar can easily interact with other blockchains in the Polkadot ecosystem.
- Astar also wants to solve the scalability issues faced by other blockchains with its layer 2 solutions.
Overall
Astar is a very unique and growing project. Its out-of-the-box features like dApp staking and layer 2 solutions differentiate it from other blockchain projects. However, you must make investment decisions based on proper research and caution. Analyze everything carefully, and do not forget that the crypto market is highly volatile.
