Our technical and ecosystem development is unstoppable. Our team has been working hard to make a lot of progress. One of the most important tasks our leadership team is working on is token economics.
We are aware that some community members say that our inflation is high. Though we have dApp staking that incentivizes developers to build on Astar, the inflation rate can still be high. Through our token economics research, we will find a good balance. Another thing we want to check is the proper gas fee. Since our gas fee is dramatically cheap, it is easier for users to use Astar Network, but we are not able to burn tokens to make a deflation.
To make the long story short, there are mainly two objectives.
- Identify the best inflation rate.
- Identify the proper gas fee per transaction.
And here is the plan for the upcoming three months. We are going to work with an external specialist.
- Current model research
- Benchmark report of the current model
- Issue mapping
- Beginning of mathematical specification
- Token model featuring:
— Inflation model audit to fulfill Astar Economy needs
— Design and audit of the tier model parameters for dApps staking V3
- Validation of the fee model, inflation model, and tier model parameters for dApps staking through cadCAD
- Digital clone of inflation, fee, and staking systems
In Q3, we plan to update our token economics, and I guess Astar will be more deflationary so that the network will be more attractive to investors.
This is a rough plan and estimate, and not all details are covered.
We will keep our community updated as we make progress and all results will be presented publicly