I'm curious to know, does the Astar network have its own dedicated token? This is a crucial aspect for many crypto enthusiasts and investors as tokens often play a pivotal role in the ecosystem's functioning and growth. If Astar does have a token, I'd like to understand its purpose, how it's used within the network, and whether it's essential for participation or can simply be utilized as a means of exchange. Understanding the tokenomics and role of the token in the Astar ecosystem would provide valuable insights for potential investors and users alike.
            
            
            
            
            
            
           
          
            6 answers
            
            
  
    
    Tommaso
    Mon Jul 01 2024
   
  
    Astar, a leading blockchain platform, boasts its own native cryptocurrency, the ASTR token. 
  
  
 
            
            
  
    
    GeishaMelody
    Mon Jul 01 2024
   
  
    Holders of the ASTR token are presented with a unique opportunity to stake their holdings. 
  
  
 
            
            
  
    
    SolitudeEcho
    Mon Jul 01 2024
   
  
    Staking on Astar can be done on both the decentralized application (dApp) level and the network level. 
  
  
 
            
            
  
    
    Carlo
    Sun Jun 30 2024
   
  
    For those who stake their ASTR tokens on dApps, it signifies a commitment to support the decentralized applications and services running on the Astar blockchain. 
  
  
 
            
            
  
    
    Davide
    Sun Jun 30 2024
   
  
    Network-level staking, on the other hand, involves contributing tokens to the overall security and stability of the Astar network.