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Astar Network (ASTR) founder Sota Watanabe has announced that token inflation will be halved with the new 2.0 update. This will also increase token burns by a certain percentage. Additionally, he stated that this second version of the tokenomics will go into effect next week.
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This burning mechanism is attracting the attention of crypto developers and users. It brings together stakers and dApp users.
📣 Mark your calendars — dApp Staking v3 is launching on Astar early next week!
Currently, dApp Staking on Astar is in decommission mode, so no new staking rewards will be generated until the launch of v3.
Get ready for an upgraded staking experience in just a few days!
— Astar Network (@AstarNetwork) February 9, 2024
What Will Happen With the Update?
According to the announcement on the Astar Network (ASTR) official website, the new update will focus on improving community-based issues and existing flaws. It aims to increase the number of dApps with Scaling Rewards, which increases their value. Additionally, Astar Network (ASTR) will impose a Maximum Reward Cap on dApps, ensuring fair reward distribution.
Finally, the update aims to incentivize new dApps to compete. However, since newcomers cannot compete with popular ones, Astar Network will develop a fair competition environment.
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