Astar Network
Name
Astar Network
Summary
-Astar Network is a smart contract hub leveraged by decentralized apps (dApps) in the Web 3.0 ecosystem, with support for both EVM and WASM virtual machines.
-It was founded in January 2019 by Sota Watanabe.
-Astar Network is a multi-chain dApp hub on Polkadot that supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions.
Rating
Symbol
ASTR
Overview
Astar Network is a smart contract hub operated by decentralized applications (dApps) in the Web 3.0 ecosystem, with support for EVM and WASM virtual machines. Astar is an extensible platform used by dApp developers to reduce costs and improve interoperability, including through the use of Layer 2 features such as Plasma and zero clones. Astar also provides cross-chain interoperability powered by Polkadot. Astar is maintained by Stake Technologies and has now become a leading Polkadot parachain by various measures. The project's native token, ASTR, is a utility token used for a variety of purposes, including network fees, staking, and dApp staking.
Historical Price Movement (in INR)
Technology
The Astar network architecture has two layers. The base layer is a layer 1 blockchain built using the Substrate blockchain framework. Astar's second layer is a scaling solution created using a fork of the Optimistic Virtual Machine (OVM) invented by the Plasma Group. The
The OVM module available on Astar allows developers to customize their scaling designs. Projects can connect their application layers to the Astar base layer using Plasma or roll-up types, such as optimistic or zero-knowledge (ZK) roll-up. Any Layer 2 solution on Astar stores data and periodically commits state transitions to the Astar Layer 1 chain.
The base layer built using the substrate will be a parachain connected to the Polkadot relay chain. Astar will support both the native WebAssembly virtual machine and an EVM module to support smart contracts written in Solidity or Vyper. Astar Network will also have a so-called XVM (Cross Virtual Machine) which aims to make two virtual machines on the network interact with each other. Finally, Solidity smart contracts on Astar's EVM module will be able to call ink! smart contracts the network's WebAssembly module seamlessly.
Use of Native tokens in the ecosystem:
ASTR token is used for facilitating the governance activities such as voting and referenda.
Lockdrop Participants
30%
Parachain Auctions
30%
Parachain Auction Reserve
5%
Protocol Development
10%
On-Chain DAO
5%
Marketing
5%
Institutional Investors
10%
Team
5%
Volume ( as of 24th May 2022)
$12,032,483
Total Supply
7,000,000,000 ASTR
Circulating Supply
3.41B ASTR
Crowd Sales
Astar Network has raised a total of $24.4M in funding over 2 rounds.
Funding
28/01/2022-Venture Round -$22M
09/02/2021-Series A funding-$2.40M
Country
N.A.
Year Incorporated
2021
Registered Address
N.A.
Dispute Resolution and Governing Law
N.A.
Country Risk Assessment
N.A.
Founding Team
| Name | Designation | Education | Experience |
| Sota Watanabe | Founder | Keio UniversityBachelor's degree, Economics | 12 Yrs |
