Astar Burns Tokens: Boosting Ecosystem Stability Through Strategic Actions

Astar, a leading decentralized perpetuals exchange, has announced a strategic update to its tokenomics, focusing on a revised Astar token burn and airdrop plan. This move aims to strengthen the ecosystem’s long-term health and value by reducing supply and incentivizing participation. 50% of buybacks from fees collected via S2 and S3 initiatives will be permanently burned, while the remaining 50% will fund a dedicated airdrop fund for community engagement and rewards. This dual approach promotes deflationary pressure and fosters a vibrant community.