Astar Crowdloan Event — Part IV
Let’s lift off Astaronauts — 🚀🚀🚀🚀🚀🚀
The Astar Corwdloan Event was launched on November 5th on Polkadot. We’re very excited about the auctions on Polkadot, this is what we have been waiting for for over 2 years now. Astar is ready to become the best smart contract parachain in the Polkadot ecosystem. Astar just passed the 2M DOT milestone and is ready for the upcoming inflow from unbonded DOT’s.
In the above chart, you can see the inflow of unbonded DOT’s that will be joining the auctions on Polkadot. A great way to test our bonus scheme where you as a contributor can earn up to 31%! You can even earn more if you would start referring your friend to our Crowdloan, because for each DOT invested in our Crowdloan from your friend you earn 10 ASTR tokens! 😱.
The entire Astar team is very thankful to the community, we saw great initiatives from community members, Ambassadors, and newcomers! Thanks a lot for all your work. Do not forget if you created something for Astar to add your contributions to our ‘Community Rewards Program’. For the upcoming auctions, we will increase our monthly rewards pool to 10,000 SDN, around $35,000 USD for your contributions to promote our ecosystem. Today, we distributed the rewards from October, every point earned in the program matched a value of $12.4! Join the program and own a share in the network!
Tomorrow the warm-up bonus will end at Binance! During the warm-up bonus, Astar allocated 1% of the total initial supply to the pool for the Binance community. A total of 70,000,000 ASTR tokens that you could claim every hour! Astar wants to give a big thanks for the supported exchanges for hosting several AMA’s with their communities. We also joined Polkadot Parachain Palooza on Twitter Space as well as an AMA with our partner Parellel Fi. Follow our Twitter to know all the latest updates, events, AMA’s, projects, …
DOT Strong Holder bonus
- Background. When we create this bonus structure, no one knows how many DOTs we will collect from the community. And, now we found that we may have some leftovers of Bonus Pool with the current pace of contribution. So, we decided to use this for the DOT Strong Holder bonus (to win). If we win, then everybody is a winner!
Our main objective is winning a parachain slot during the first batch of the Polkadot auctions. We added an extra bonus for those who stake a minimum of 10,000 DOTs in our Crowdloan. Get up to *40% additional bonus! Please read about the calculation! This is not extra on the already existing scheme.**👇
*20% early bird bonus+10% early supporter+1% referral+9% additional bonus (read more about our bonus scheme here). Also, this additional bonus is under the vesting terms of 22 months.
Shiden This week we exceeded 6,000,000 SDN staked in dApp staking! Are you new and want to know more about dApp staking? Let me give you a short introduction. Instead of staking to validators, users can choose to nominate their SDN (later ASTR) tokens on projects. Users can earn staking rewards and at the same time support their favorite project. By doing so, the projects will also earn a basic income for building in our ecosystem. In other blockchains like Ethereum, dApp developers need to apply for grant programs, issuance of tokens, fundraising, etc. to earn some money. In the Astar ecosystem, as long as your dApp has been nominated, you will receive some basic income as a developer. As your dApp grows in popularity, more members of the community will nominate you and this means that you will receive a greater percentage of the block reward! You can check it out live on Shiden Network. You can now see your rewards on Subscan that you made with staking on your favorite project.
Astar Network (previously known as Plasm) is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines. Polkadot Relay Chain doesn’t support smart contracts, that’s why it’s important for the ecosystem to have a parachain that enables this for all developers who want to build in the Polkadot ecosystem. Astar is here to provide the best solution for all developers by not only supporting EVM but making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other. Astar is also ready to answer the need for scalability by providing layer 2 solutions from day 1.
Besides being a true supporter of Gavin Woods’s vision and building on Substrate from the early days. Astar received the most Web3 grants in the Polkadot ecosystem with a total of 7. Astar believes that we and all other projects in the Polkadot ecosystem are building the future Web3.0 infrastructure.
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