TechFlow reported, according to Coindesk, that Astar Network will burn 350 million ASTR tokens through a governance vote, representing 5% of the total supply. These tokens were originally allocated for the Polkadot parachain auction, which has now been terminated. Of the tokens to be burned, 70 million ASTR have been transferred to the community treasury as rewards. Within the past 24 hours, ASTR's price has risen over 7%, with trading volume exceeding $50 million, an 84% increase from Monday.
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