CoinOtag
2024-07-04 05:02:47

Astar (ASTR) Faces Price Struggles Despite Successful Token Burn Proposal

The Astar community has recently voted on a significant token burn proposal. The initiative aims at burning 350 million ASTR tokens, approximately 5% of its initial supply. This decision follows an announced update in Polkadot’s parachain auction system. Astar network adopts a new strategy with a major token burn as it navigates recent market turbulence

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