Astar - Proposal #11 Vote - 15 Feb 2025

The Astar network has announced Proposal #11, which aims to burn over 20 million ASTR tokens from the old dApp Staking wallet. This could significantly reduce the total supply of ASTR tokens, making remaining tokens potentially more valuable if demand stays the same or increases. This move might bolster long-term value by creating a more sustainable ecosystem, aligning with Astar's commitment to value management. Token burning is often seen positively by the market as it can lead to scarcity, which might drive prices up. Traders should watch for volatility. sourceA pivotal referendum aimed at enhancing Astar Value Management is now live. The proposal seeks to burn over 20 million ASTR from the old dApp Staking wallet, underscoring our commitment to a robust and sustainable ecosystem. The primary objective is to streamline tokenomics and…