Dear Community,
I’d like to keep you informed about recent work regarding the update of Astar token data and info across various platforms. The Astar Foundation is committed to ensuring transparency and accuracy in the information related to our token, and it is with this in mind that we have collaborated with several platforms to rectify certain discrepancies observed.
Context and Objectives
We noticed variations in data related to Astar’s tokenomics, including inflation, token info, unlocking, and token distribution across different platforms such as UpBit, Bithumb, Binance, Kraken and data aggregators like CoinMarketCap and CoinGecko. These differences were due to inconsistent interpretations and updates of the onchain data over the years.
To ensure greater coherence and reliability, we collaborated with these platforms to correct and align the displayed information with the actual onchain data.
Updates Carried Out
- Collaboration with UpBit and Bithumb: We started by correcting information regarding the maximum and circulating supply to accurately reflect the onchain data. This helps prevent the fluctuations and errors previously seen in Astar’s Marketcap and FDV on UpBit and Bithumb (Astar project information has not yet been updated).
- Work with CoinMarketCap and CoinGecko: We collaborated with CoinMarketCap and CoinGecko to correct data regarding the distribution and allocation of tokens since the project’s launch, including distribution such as parachain allocation, protocol development, early investors, and more. Additionally, we are currently updating the project information on CoinMarketCap and CoinGecko to reflect more accurate details about the new direction of the ecosystem with Astar Network on Polkadot and Soneium on Ethereum (Work in Progress - waiting for CMC & Coingecko to update Astar pages).
Token Allocation and Unlocking schedule on CoinMarketCap before the update:
Token Allocation and Unlocking schedule on CoinMarketCap after the update:
- Other CEXs: The same updates have also been populated to Binance, Kraken, and other major centralized exchanges, ensuring consistent and accurate data representation across all key platforms.
Results and Impact
It is important to highlight that these updates do not affect the onchain data of Astar or the tokenomics of the ASTR token. They simply aim to harmonize the information available on platforms so that they match the reality of our token economy.
Additionally, most initial vestings, having a duration of three years, are now complete. Astar Network produced its first block and minted its first token in December 2021, meaning that all vesting or cliff periods, which had a maximum duration of three years based on the original token allocation and distribution, have now ended their vesting in December 2024.
As a result, there will be no new large chunks of ASTR tokens being released moving forward, apart from those related to inflation.
Astar Tokenomics - Single Source of Truth
Token Schedule and Distribution Table:
| Allocation | Amount | Vested at TGE | Vesting | Note |
|---|---|---|---|---|
| Protocol Development | 700,000,000 | 210,000,000 | 3 Years | Vesting ended |
| Marketing | 350,000,000 | 0 | 3 Years | |
| Early Financial Backers | 741,581,900 | 74,158,195 | 7 months | Vesting ended |
| Parachain Auction in 2021 | 1,321,605,600 | 195,160,560 | varied | In most cases, the vesting period is 22 months (Block Vesting), but some distributions via CEX follow a slightly different method. |
| Parachain Auctions Reserve | 350,000,000 | 0 | Allocation burnt in July 2024 | |
| Users and Early Supporters 1 | 1,575,000,000 | 157,500,000 | varied | Vesting ended |
| Users and Early Supporters 2 | 561,812,500 | 0 | 14 months | Vesting ended |
| On-Chain DAO | 350,000,000 | 0 | not specified | |
| Team | 350,000,000 | 3 Years | Vesting ended | |
| Foundation | 700,000,000 | 3 Years | Vesting ended | |
| Inflation (Astar 1.0 Tokenomics) | From December 2021 to Feburary 2024 | About 700M ASTR per year, starting from Block 0 (not from TGE) | ||
| Inflation (Astar 2.0 Tokenomics) | From Feburary 2024 | About 250M ASTR - 550M ASTR per year, depending on on-chain activity. |
Important Note
Some discrepancies might still occur between the single source of truth table and other data platforms due to the formats used by platforms like CoinMarketCap and CoinGecko, which differ from the block-time format used onchain. However, we have done our best to minimize these differences. Notably, these platforms consider tokens locked in staking, treasury, or governance as part of the circulating supply. As a result, they display around 7.5B ASTR in circulating supply, whereas onchain data shows approximately 5.2B ASTR actively in circulation.
Token emissions: The maximum inflation for ASTR tokens is capped at 7%. However, due to dynamic tokenomics, the actual rate is much lower. Currently, inflation is around 3.25%% but appears as negative on the portal because of the 350M ASTR burn in July 2024.
Anyone interested can verify this data directly using the Polkadot.js dashboard, on the Astar Portal or by accessing Astar’s block explorer on Subscan. These tools allow users to confirm both the Total Issuance and Circulating Supply in real time, ensuring full transparency and accuracy.
Thank you for your understanding and continued support. Please feel free to ask any questions and consult the document for more details.
The Astar Foundation Team