Astar
ASTR
Watchlist
₹5.34
LIVE
Watchlist
24H Low ₹5.32
24H High ₹5.55
Price of ASTR today
The current live price of ASTR today is ₹5.34, with a 24-hour trading volume of ₹91,69,75,916.11. Our ASTR to INR price is updated in real-time. ASTR has seen a decrease of -2.60% in the last 24 hours. With a live market cap of ₹39,17,27,60,030.12 , the circulating supply is at 7,353,930,999 ASTR coins, with a maximum supply of 8,231,664,424ASTR coins.
Astar Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | -₹0.14 | 2.6% |
7 Days | -₹0.86 | 13.94% |
30 Days | ₹0.75 | 16.31% |
1 Year | ₹1.29 | 31.32% |
Astar Price Information
Price Change (1hr)
2.83%
Price Change (24hr)
2.6%
Price Change (7d)
13.94%
Astar Market Stats
Market Cap
₹39,17,27,60,030.12
Fully Diluted Market Cap
₹43,84,82,51,387.27
24hr Volume
₹91,69,75,916.11
35.44%
Circulating Supply
7353930999 ASTR
Total Supply
8231664424 ASTR
Things to know about Astar
What is the token?
Astar (ASTR) is the native token of the Astar Network, a multi-chain intelligent contract platform that aims to be the hub for decentralized applications (dApps) on the Polkadot ecosystem. It supports Ethereum Virtual Machine (EVM), WebAssembly (Wasm), and various layer two solutions, providing developers with a versatile and interoperable infrastructure. Astar Network facilitates web 3.0 adoption by offering financial incentives, technical support, and a unique dApp staking mechanism to encourage development and engagement within its ecosystem.
Tokenomics
Total Initial Supply
: The initial supply of ASTR was 7,000,000,000 units.
Inflationary Model
: The tokenomics model is inflationary, with an estimated annual inflation of approximately 665,000,000 ASTR.
Initial Allocation
: At genesis, ASTR tokens were allocated to various stakeholders, including users and early supporters (30%), parachain auction in 2021 (20%), protocol development (10%), and team (employee incentives) (5%), among others.
Market Data
As of today 06 October 2024, the price of Astar is ₹5.34 INR, with a 24-hour trading volume of 10314689.72 USD. The market capitalization for Astar is 440638470.53USD. The circulating supply is 7353930999 Astar, with the total supply also being 8231664424 Astar.
Token Pros and Cons
:
Interoperability
: Astar's support for EVM and WASM smart contracts enhances interoperability within the Polkadot ecosystem.
dApp Staking
: A unique dApp staking mechanism incentivizes developers and token holders, promoting ecosystem growth.
Technical Support and Incentives
: Financial incentives, incubation programs, and technical support for developers.
On-Chain Governance
: ASTR token holders can participate in the network's decision-making process.
Scalability
: Astar's architecture aims to provide scalable solutions for dApps.
:
Market Volatility
: ASTR's price is subject to market volatility, as with all cryptocurrencies.
Regulatory Risks
: Regulatory changes could impact Astar's operations and token value.
Competition
: Faces competition from other innovative contract platforms and Polkadot parachains.
Adoption Rate
: The success of ASTR is tied to the adoption and development of dApps on the Astar Network.
Inflationary Model
: The inflationary tokenomics model could dilute token value over time.
Why Should You Invest in the Coin
Growing Ecosystem
: Astar's focus on interoperability and developer incentives positions it as a promising hub for dApps within the Polkadot ecosystem.
Innovative dApp Staking
: The dApp staking mechanism not only rewards developers but also provides an incentive for token holders to support the ecosystem.
Backed by Major Players
: Support from notable entities like Binance Labs and Coinbase Ventures adds credibility.
Technical Advancements
: Astar's support for multiple intelligent contract environments and layer two solutions offers scalability and flexibility.
Community and Governance Participation
: Token holders have a say in the network's future through on-chain governance, fostering a strong community.
USP of the Coin
dApp Staking Mechanism
: Astar's unique dApp staking concept distinguishes it from other platforms by directly incentivizing development and engagement.
Cross-Layer and Cross-Machine Protocol
: Its architecture supports unparalleled interoperability and scalability within the web3 space.
Build2Earn Model
: Astar's pioneering Build2Earn model rewards developers for contributing to the ecosystem and promoting innovation and growth.
Problem the Coin is Solving
Astar addresses the challenges of interoperability and scalability in blockchain networks. It provides a versatile platform for developers to build apps that can communicate across blockchains and layer two solutions, facilitating the broader adoption of Web 3.0 technologies.
Founder and Team Background
Sota Watanabe is the founder of Astar Network and CEO of Startale Labs. His professional journey is marked by a solid commitment to advancing the blockchain industry, particularly within the Web3 space.
ICO Price
The Astar Network Token Sale (IEO) ended on January 17, 2022, with a sale price of $0.25. The seed sale price was $0.0125, and the strategic sale price was $0.02. The project raised $0.2M during the IEO, with different amounts raised during the seed and strategic sales.
Risks Associated in Investing in the Coin
Market Volatility
: Cryptocurrency prices are highly volatile, and ASTR is no exception.
Regulatory Uncertainty
: Regulation changes could adversely affect Astar's operations and token value.
Competition
: The bright contract platform space is crowded, with many projects vying for developer attention and user adoption.
Technology Risks
: Potential bugs or vulnerabilities in the protocol could compromise security.
Dependency on Ecosystem Growth
: ASTR's value is closely tied to the development and success of dApps on the Astar Network.
Whitepaper Insights
The Astar Network aims to position itself as a leading innovative contract platform within the Polkadot ecosystem, emphasizing its role as Japan's most popular blockchain for smart contracts. It supports various environments, including Ethereum Virtual Machine (EVM), WebAssembly (Wasm), and ink! Environments showcasing its commitment to interoperability and developer flexibility.
Astar's unique Build2Earn mechanism is a cornerstone of its ecosystem, designed to empower developers for their financial contributions to the network. This model incentivizes creating, developing, and maintaining decentralized applications (dApps) and smart contracts by allowing developers to earn ASTR tokens through a dApp staking mechanism. This approach not only rewards innovation but also ensures the continuous growth and sustainability of the Astar ecosystem.
The network's tokenomics are structured to support this ecosystem, with an inflation rate of around 10% to fund the Build2Earn program. Despite concerns about inflation and unlimited supply, these measures are necessary to maintain the dApp staking program's vitality and fairly compensate developers, which is pivotal to the network's success.
The network's interoperability is highlighted through its support for cross-chain message (XCM) protocols, enabling seamless interactions with the broader Polkadot network and other blockchain ecosystems. This feature is critical for achieving the network's vision of a multi-chain future where assets and data can freely move between blockchains.
Astar's strategic partnerships, such as the collaboration with Fireblocks and its involvement in pushing Web3 use cases in Japan, underscore its ambition to lead in the blockchain space and drive mass adoption of blockchain technology.
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Price as per 06:21 AM • 06 Oct 2024
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What is the price of Astar (ASTR)?
The current price of Astar (ASTR) in INR is ₹5.34 INR.
What is the current ASTR market cap?
The current market capitalization of Astar (ASTR) is ₹39,17,27,60,030.12 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of ASTR by the number of coins in circulation.
What is the current supply of Astar (ASTR)?
The current supply of Astar (ASTR) is 7353930999 ASTR. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Astar (ASTR)?
The 24-hour trading volume of Astar (ASTR) in INR is ₹91,69,75,916.11. This figure represents the total value of all ASTR transactions across various exchanges within the last 24 hours.
How to Buy Astar (ASTR) in India?
To buy Astar (ASTR) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in ASTR.
Can I buy Astar (ASTR) with UPI?
Yes, you can buy Astar (ASTR) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Astar (ASTR) to Indian Rupee (INR)?
To convert Astar (ASTR) to Indian Rupee (INR), you can use our ASTR/INR conversion rates in real time.