What is Astar Crypto (ASTR)?

Astar (earlier known as Plasm) is Japan’s most popular smart contract platform. It is built on Polkadot, and ASTR is its native token. It supports EVM (Ethereum Virtual Machine) and WASM (Web Assembly) virtual machine environments and their interoperability. It also has a Built2Earn system to incentivize developers to build and maintain their dApps and users to support their favourite projects. The aim of Astar behind such a system is to encourage the network's overall growth.

The project’s initial focus was to develop a layered scaling solution for Polkadot. After achieving this objective, Astar worked to become a well-known Smart contract platform with both EVM and WASM compatibility. Now, Astar is on its way to presenting Astar 2.0, a scalable network building a global web3 vision for everyone.

As Astar's native token, the ASTR serves multiple utilities within its ecosystem. For example, ASTR token holders can show support for their preferred dApps by staking for them. By doing so, they and dApp developers earn more ASTR tokens as a reward for their commitment and contribution. Every on-chain transaction on Astar also requires a fee payment in ASTR tokens. Astar burns a part of this fee and deposits the rest. ASTR also facilitates decentralized governance through voting in the Astar ecosystem. The total initial supply of ASTR was 7 billion units, with the current emission of nearly 665 milllion ASTR yearly.

How Does Astar (ASTR) Work?

The operation of the Astar network consists of two layers- the base layer and the second layer. The base layer in the Astar network uses the Substrate blockchain framework of the Polkadot network. The second layer works as an extended solution and operates through the Optimistic Virtual Machine (OVM) invented by the Plasma Group. Any Astar user can choose which solution to use. Astar also allows its developers to use its OVM module to customize their scaling designs and switch to the base layer using Plasma or ZK rollups.

A core feature of the Astar blockchain is a specific reward system for dApp developers. Nearly 50% of Astar’s network staking rewards go to the DApp developers to attract more development on Astar. It does so through its DApp staking program, which allows ASTR holders to stake their holdings on Aster DApps. The token holders and the dApp developers earn rewards through it.  The developers associated with Astar can also assign a particular operator to a task related to a specific use case of their dApps. These operators can earn rewards through their service for their assigned applications.

Apart from dApp staking, the ASTR token can also be used to pay the network fee imposed by Aster and power the platform’s governance in a decentralized manner.

How to Buy Astar (ASTR) Crypto in India?

There are many platforms where you can invest and Buy ASTR in India.

One such platform is Flitpay. To buy Astar crypto (ASTR) in INR, you have to sign up to Flitpay, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy ASTR crypto and execute the purchase.

You can instantly convert your INR to Astar (ASTR) and astar (ASTR) to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After Buying Astar Crypto (ASTR)?

ASTR can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the ASTR till it reaches a high price, and then you can sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQs

What is Astar (ASTR)?

ASTR is the native currency of the Astar ecosystem. It performs multiple functions, such as facilitating dApp staking, acting as a gas token, and powering the platform's decentralized governance. It has a total supply of 7,000,000,000 units.

What is the Astar (ASTR) crypto price in India?

Check out the INR price of ASTR crypto in India today on Flitpay.

Which is the best crypto exchange in India to buy Astar (ASTR) crypto?

Flitpay is the best crypto exchange in India to buy (Astar) ASTR, buy Ethereum, or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

How to buy Astar (ASTR) crypto in India?

You can easily buy ASTR in India on the safest crypto exchanges like Flitpay, with the lowest fees.

To buy Astar (ASTR) coin in India:

1. Register on Flitpay and create an account.
2. Verify your identity through Know-your-customer (KYC)
3. Add INR or Fiat currency, corresponding to the amount of ASTR you want to buy.
4. Instantly buy Astar (ASTR) with the deposited funds.

What are the benefits of Astar (ASTR)?

Astar is Japan’s leading smart contracts platform on Polkadot, with EVM and WASM compatibility for interoperability. Its unique Built2Earn system incentivizes dApp developers and dApp users. ASTR, the key component of the Astar ecosystem, serves multiple crucial use cases. Its holders can stake tokens to support dApps, earn rewards, and foster community engagement. Transaction fees in ASTR include a deflationary burn mechanism, giving it an edge over multiple other counterparts. With a controlled token supply and emission, Astar is moving towards sustainable growth. It also aims to launch Astar 2.0 for a scalable global web3 vision.

Is it safe to invest in Astar (ASTR) in India?

Yes, investing and trading ASTR is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying ASTR crypto. It offers real-time prices and advanced investing features.

Where can I deposit and withdraw Astar (ASTR) crypto in India?

Your search for secure crypto deposits and withdrawals ends here. Flitpay is India's most trusted exchange to facilitate hassle-free and Instant deposits and withdrawals of all the top cryptocurrencies with minimal or no fees.