1. Project introduction

Astar Network is a scalable and interoperable infrastructure for Web3.0. Since Astar Network is built with Parity’s Substrate framework, it can be a future Polkadot parachain that also acts as a scalable smart contract platform. The Polkadot Relaychain, by design, does not support smart contracts. This allows Astar the opportunity to fill in this gap. Scalability is obviously one of the most crucial demands dApp developers have. Ideally, the developers can build whatever applications on Astar Network without having to consider its scalability.

2. Team introduction

Stake Technologies: A Japanese company established in 2018 with many resources in the Japanese Internet industry, including Microsoft Japan. Microsoft Japan provides Astar with support for Microsoft services such as Azure, infrastructure support such as Microsoft Global Network, and human resources support such as entrepreneurs and blockchain engineers.

3. Investment institution

Binance Lab, Coinbase Venture, Polychain Capital, etc.

4. Application and distribution

Total supply: 7 billion

Token application:

Astar Token is the utility token for Astar Network that has the following 5 roles:

(1) dApps Staking: dApps Staking is a simple but strong mechanism. Astar token holders can stake Astar tokens on dApps as well as on the network. By doing so, the staker can earn Astar tokens from block rewards. In addition to that, dApps developers can also get rewards based on the nomination. In general, application developers on Astar Network receive Astar tokens by making smart contracts or infrastructure for Astar Network community.

(2) NPoS Staking: Astar token holders also have an option to stake Astar's on the network. By doing so, the staker receives the nomination reward and the network becomes more decentralized.

(3) Transactions: Every on-chain transaction takes fees.

(4) On-Chain Governance: Astar token is used for facilitating the governance activities such as voting and referenda.

(5) Layer2：Astar Network is a layer1 platform that supports layer2 implementations. Layer2 application developers make a deposit on their layer1 smart contract and create layer2 applications.

Token distribution:

Users and Early Supporters: 30%

Parachain Auction in 2021: 20%

Parachain Auctions Reserve: 5%

Protocol Development: 10%

On-Chain DAO: 5%

Marketing: 5%

Early Financial Backers: 10%

Team (Employee Incentives): 5%

Foundation: 10%