# Astar Foundation burning proposal of 5% of Astar genesis allocation

**URL:** https://forum.astar.network/t/astar-foundation-burning-proposal-of-5-of-astar-genesis-allocation/6923
**Category:** Offchain Discussions
**Created:** [June 4, 2024, 11:00am UTC](https://forum.astar.network/t/astar-foundation-burning-proposal-of-5-of-astar-genesis-allocation/6923 "2024-06-04T11:00:41Z")
**Posts on this page:** 1
**Showing post:** 57

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### Author: ![Maarten](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.astar.network/maarten/32/4735_2.png) [@Maarten](https://forum.astar.network/u/Maarten)
#### Post date: [June 9, 2024, 7:33am UTC](https://forum.astar.network/t/astar-foundation-burning-proposal-of-5-of-astar-genesis-allocation/6923/57 "2024-06-09T07:33:32Z")

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### Weekly Summary: Astar Foundation Burning Proposal

#### General Sentiment:

- **Positive:** The Astar community generally supports the proposal to burn 350 million ASTR tokens from the genesis allocation; most replies support this initiative as they see it as a beneficial move to reduce supply and increase token value.
- **Support for Burning:** Many members agree that burning the tokens will have a positive deflationary impact and boost the attractiveness of staking rewards.

#### Proposed Options and Suggestions:

1. **Immediate Burn:** most support the idea for an immediate burn to maximize marketing impact and simplify execution.

2. **Staggered Burn:** some members suggest burning in batches to monitor and adapt to market conditions. This method offers more control and potential for gradual positive market effects.

3. **Alternative Uses for ASTR, reward allocation:**

- **Unstoppable Grants:** Allocating tokens to the Unstoppable Grants program to support promising dApps and projects.
- **Treasury Allocation:** fund long-term initiatives and Agile Coretime expenses.
- **Airdrop to Holders:** A proposal to distribute a portion of the tokens to active ASTR holders as a reward.

#### Concerns and Additional Discussions:

- **Agile Coretime Costs:** Uncertainty about future costs associated with Agile Coretime.
- **Economic Impact:** Questions about potential negative impacts or disadvantages of the burn.
- **Marketing and Engagement:** Emphasis on the marketing benefits of a significant burn and potential engagement strategies for sustaining community interest.

### Next Steps:

1. **Open Discussion (2 more weeks):** Continued community feedback and suggestions for another 2 weeks.

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