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Astar Network Introduces Astar Surge

Twitter icon  •  Published 5 days ago on December 16, 2024  •  Hassan Maishera

On Friday, Astar Network announced via X that it has introduced Astar Surge, an opportunity for ASTR holders to lock their tokens into pre-deposit contracts on Astar’s Layer 1 network.

Astar Network Introduces Astar Surge

On Friday, Astar Network announced via X that it has introduced Astar Surge, an opportunity for ASTR holders to lock their tokens into pre-deposit contracts on Astar’s Layer 1 network.

Starting December 18, top-tier Soneium projects will collaborate with Astar on a Pre-Deposit Campaign that rewards ASTR holders and strengthens their connection to the Sonieum ecosystem.

By depositing, users will earn points redeemable for participating dApp tokens at their Token Generation Events (TGEs). Tokens will be unlocked after the Soneium mainnet goes live. The projects involved include Sake, Yay Global, Untitled Bank, Sonex, and Kyo on Sonieum. 

Astar Network is a multi-chain dApp hub on Polkadot. The platform offers users various features, including dApp staking, L2 solutions, gas, and grants. Its native ASTR token is up 3% today, trading at $0.0751.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.