Astar Network helps developers build decentralized applications (dApps) and layer 2 solutions by providing interoperable web 3.0 infrastructure, financial incentives, incubation programmes and technical support. It seeks to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.
Astar connects the Polkadot ecosystem with layer 1 blockchains like Ethereum and Cosmos. It's a Polkadot Parachain, and was designed as a multi-chain Polkadot dApp hub with support for DeFi, NFTs, DAOs, where developers can move beyond infrastructure and focus more on application development.
The project, which is backed by Binance Labs and Coinbase Ventures, operates on two layers: the first layer is built on the Substrate framework, and the second is built using OVM or Optimistic Virtual Machine, for scalability.
## Who Are the Founders of Astar?
The Astar Network was founded in 2019 by Sota Watanabe, a blockchain pioneer who featured in Forbes30 Under 30 Asia in 2022.
He has a degree in economics from Keio University in Japan. Throughout his career Watanabe has worked as a marketing specialist at Chronicled, at an IT-company in San Francisco, and has founded several companies in addition to those listed above, including Next Web Capital, an investment firm that supports entrepreneurs and their crypto startups.
The Astar Network was known as Plasm Network until 2021, at which point it rebranded to Astar and then launched as a multi-chain smart contract platform on Polkadot in January 2022.
Astar was developed by Stake Technologies, which is headquartered in Singapore and operates from Japan. Soto Watanabe, Astar’s founder, is also CEO of Stake Technologies.
## What Makes Astar (ASTR) Unique?
The goal of the Astar project is to become a full-scale multi-chain smart contract platform that supports various layer 2 solutions, blockchains and virtual machines.
The network is built on Parity Substrate - a web 3.0 blockchain-building platform. Networks like Astar that build on Substrate benefit from features like upgradable blockchains, modular architecture, customizable block execution logic, and hot-swappable consensus. In other words, it's a framework built specifically for quick and easy blockchain development.
In addition to the Substrate modules, Astar offers features such as:
Operator trading: a mechanism for buying and selling dApps that allows you to tokenize smart contracts, transfer ownership to other users, or assign other users as operators.
Multi-Lockdrop: a modified Lockdrop which lets you distribute tokens across a network. Participants lock tokens from other blockchains for a pre-set time period, and native tokens are distributed between token holders over time. This method encourages users to participate in the life of the network.
DApps staking & dApp rewards: Astar’s monetization model centers on a reward system for dApp developers who contribute to the growth of the ecosystem and add value to Astar Network. There’s a division of the reward per block, where 50% of the reward is distributed among developers of dApps (10% to nominators and 40% to operators aka smart contract administrators), and the other 50% is distributed among validators. This instrument encourages nominators to stake on smart contracts, which in turn increases the value of the ASTR token.
How to buy ASTR on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing ASTR. Some reputable platforms includeBybit、OKX、Binance, and others.
Step 2: Register an Account
Here, we'll register an account on the Gate.io (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing ASTR.
Step 5: Purchase ASTR
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of ASTR you wish to purchase. Typically, you'll choose to ASTR USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to ASTR ASTR.
Step 6: Store Your ASTR
After purchasing, you can choose to store your ASTR in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and ASTR assets, be sure to use a strong password and enable two-factor authentication.
ASTR Price:ASTR is the native token of the Astar Network, providing ultimate utility through various functionalities such as staking rewards, gas, and grants.The price fluctuates daily, You can go to the exchange: Gate.io to check the price.
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