Astar Network introduces the Astar Contribution Score (ACS) campaign to expand the utility of its native token, ASTR, within the Soneium ecosystem, offering rewards to active participants.
Astar Network, a Layer 1 blockchain network designed to connect multiple sovereign blockchains and serve as a Polkadot parachain, has announced the launch of its Astar Contribution Score (ACS) campaign. The initiative is intended to boost the utilization of ASTR, the native token of Astar Network, throughout the Soneium ecosystem.
According to a recent statement from Astar Foundation, the ACS campaign will span 100 days and feature a reward pool of 100 million ASTR tokens. The campaign aims to expand the use cases of ASTR across consumer, gaming, and decentralized finance (DeFi) applications, ultimately fostering a robust economic model for the token.
Participants can earn ACS points by engaging with over 30 applications in the Soneium ecosystem. Subsequently, these points will be converted into ASTR tokens. The campaign is structured to ensure continuous engagement through daily score distribution.
The total 1 billion ACS supply is allocated primarily to TVL (Total Value Locked)-basedوزيعات, discretionary allocations for specific growth areas, and a small reserve for unforeseen needs. Key projects involved in the rewards distribution include Velodrome, QuickSwap, Stargate Finance, and more.
The ACS campaign is part of a broader strategy to increase ASTR's adoption and utility. By encouraging active participation, the campaign seeks to establish ASTR as a key player within the Superchain ecosystem, enhancing its value and usage across various web3 interactions. This initiative follows Astar Surge, which successfully reactivated onchain activity by bringing new projects and users to the platform.
In addition to expanding ASTR's utility, the campaign also aims to create a sustainable ecosystem where ASTR becomes an integral part of every transaction within Soneium. The campaign supports sustainable tokenomics by burning unclaimed rewards, thus reducing the circulating supply and reinforcing ASTR’s long-term value proposition.
The ACS campaign represents the first step in Astar's broader plan to expand ASTR's reach and adoption. As the campaign progresses, Astar Network anticipates further developments, including new user-generated content, partnerships, and innovations. This groundwork will prepare ASTR for future integration across various Layer 2 networks, such as Base and OP Mainnet, solidifying its role in the Superchain's expansion.
By incentivizing user engagement and broadening the applications of ASTR, the ACS campaign is set to lay a strong foundation for ASTR's future, positioning it as a central component of the Soneium ecosystem and beyond.
