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Astar crowdloan event summary

Published date: November 12 2021
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It has been a long journey since we released our 1st crowdloan event article.

This article is a summary of the main information about Astar crowdloan, detailed articles are available here

General

The main objective of Astar is to secure a Polkadot parachain slot as soon as possible. To do so, the community and supporters can participate in crowdloan by locking their DOT and receiving ASTR in exchange.

How to participate

Several options are available to participate.

To participate on-chain, you need to have a Polkadot address. See our tutorial How to create a Polkadot address

On-chain — Astar bonus scheme (details below)

From partner projects — different bonus conditions

Details

Lock DOT for 96 weeks to get rewarded in ASTR tokens
ℹ️ Total supply: 7 billion (7 000 000 000) ASTR
20% of total initial supply (1.4B ASTR): 15% for basic rewards, 5% bonus
10% released at transfers opening, 90% with linear vesting on 22 months
All locked tokens can be staked to earn more in dApp Staking!

Constraints
⚠️ 5 DOT minimum contribution
⚠️ Always keep more than 1 DOT (1.1 is good enough to cover transaction fees) on your Polkadot address for the existential deposit. If you don’t, your account will be reaped and you will loose the DOT amount remaining.
Note: In case this happens to you, you will still receive all your ASTR from your contribution, only the DOT dust is lost.

Astar bonus scheme

The bonuses below represent 5% of the total ASTR initial supply.
Note: This Bonus pool includes bonuses distributed from partner projects. The unused amount of the 5% bonus (after deducting bonus in partner projects) goes to the treasury or further incentives in the next auctions during the first crowdloan.

Referral: share to earn more

For every 1 DOT your friend contributed, you get 10 ASTR!

Your friends who contribute via your referral gets 1% bonus on their contribution.

Early Bird: join before the end of 1st auction (Nov. 18th)

Get 20% bonus on your contribution if you join before the end of auction 1, November 18th, 2021.

Early Adopter: ETH Lockdrop and Shiden Crowdloan participants

Get10% bonus on your Astar Crowdloan contribution.
Please read detail and conditions.

️ DOT Strong Holder: Support more, Earn more

Get 9% bonus if you contribute more that 10,000 DOT

Tokenomics

The detailed tokenomics can be found here in Astar Documentation.

Useful links

Crowdloan reward calculator

Auctions status

About Astar

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.

Feel free to reach out to us!

Website | Twitter | DiscordTelegram


Astar crowdloan event summary was originally published in Astar Network (Previously Plasm) on Medium, where people are continuing the conversation by highlighting and responding to this story.

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