According to last minute information, Astar Foundation presented a proposal to burn 350 million tokens.
Astar Foundation presented a proposal to burn 350 million tokens.
— Bitcoin System (@bitcoinsistemi) June 4, 2024
“Astar Network recommends burning 350 million ASTR tokens worth $31 million
Astar Foundation is considering a major initiative to burn the parachain auction reserve.
In a move that caused a sudden increase in the token price, the organization behind AstarNetwork offered to burn ASTR tokens worth more than $31 million.”
After the news ASTR The price started to rise.
*This is not investment advice.
Source: Bitcoinsistemi.com