🔥 Burn Complete!
350M $ASTR were successfully burnt following our community's vote, marking a monumental event for our network. You can learn more in our blog linked below.
👉 https://t.co/k8GhwJ8rxe
🙇 A big thank you to our community for your support and participation!
We're thrilled to announce that the @SolChatCoin Kickstarter has concluded and $CHAT will be listed on #MEXC!
🔹Deposit: Opened
🔹CHAT/USDT Trading: 2024-07-04 13:00 (UTC)
Details: https://t.co/QeVSU0IdgT
🔥 350M ASTR Burn Proposal Passes!
📣 The Astar Foundation has declared a token burn of 350 million ASTR, which is 5% of the initial token supply allocated at genesis. This decision was made following an overwhelming approval in a recent governance vote.
Read on for more details
🔥 Token Burn
Originally reserved for parachain auctions, these 350M $ASTR are no longer needed due to updates in the Polkadot system. Removing these tokens from circulation is expected to increase the staking rewards for dApp staking community.
🌟 Community Involvement
The burn was proposed to the community, discussed extensively, and ratified through a governance vote:
Discussion: https://t.co/fOlG6mGvxk
Vote: https://t.co/HMuNpMZykk
🎁 Rewards Redistribution
The 350M ASTR previously used in the first phase of Astar dApp Staking generated 70M in rewards, which will now bolster the onchain Community Treasury to fund future initiatives.
🌐 Looking Forward
This token burn is part of a broader strategy to improve ASTR's tokenomics and increase the overall value for the Astar community. The Astar Foundation will begin coordinating and preparing for this burn.
Stay tuned for more updates and get ready to see how these changes propel us forward!
Multi-chain smart contract network @AstarNetwork will burn 350 million $ASTR, representing 5% of its total supply after a governance vote. Reporting by @oknightcrypto.
https://t.co/H5d7Wpil6q
Grateful to have the opportunity to shill @solana and share the vision of @SolChatCoin $CHAT to nearly 100K listeners for an hour, on the most popular X space!
We are optimistic about the upcoming month for several reasons:
SDK Completion: We have successfully finished our SDK and are now preparing demo code and documentation. This will enable any app to launch their own chat application powered by Solchat.
Android App Launch: Our Android team is on track to release our Android app by the end of this month.
Major Integrations: Next month, we will begin potential integrations with significant projects.
New Integration Methods: We are developing innovative ways to integrate global rooms into other dApps. For example, we plan to introduce the Solchat Room Widget, which will allow rooms like the Magic Eden room to be available both on the Magic Eden website and within our dApp. (just an example)
SOLCHAT Validator: We will release the SOLCHAT validator next month.
great meeting with @solflare_wallet team today 💥
onboarded Miro biz dev lead + tested out the image sharing feature and it worked seamlessly with ease.
envisioning a potential integration of @SolChatCoin into @solflare_wallet & how we can positively benefit @solana community
Had an excellent meeting with the @solflare_wallet team today!
We brought onboard Miro, the Business Development lead at Solflare, and effectively tested https://t.co/24hP6GUU9s along with its functionalities.
We are considering integrating #SolChat into @solflare_wallet and exploring ways to bring positive benefits to the @solana community.