Astar Network Launches Proposal to Destroy 350 million ASTR Tokens
2024-06-04 12:15:12
Astar Network has launched the "Astar Foundation Destroys 5% of ASTR Genesis Allocation" proposal, which states that the Astar Foundation is considering a major move to destroy its parallel chain auction reserves, which were originally set aside during the network's genesis deployment, 350 million tokens ASTR (~ $38 million). This major move is driven by the Polkadot Network's upcoming upgrade of Agile Coretime, which will phase out the crowdlending concept. Destroying reserves can benefit ASTR holders by reducing the total supply of staking, thereby increasing staking reward. The proposal is open for community discussion and voting will take place 3 weeks after publication.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Astar Network 发起销毁 3.5 亿枚 ASTR 代币的提案Next article：
Roaring Kitty在GME股票上的持仓价值已超3亿美元
