Token

Burn

Impact

Polygon

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/astr-coin-burns-tokens-to-impact-price/" data-wpel-link="internal">ASTR Coin Burns Tokens to Impact Price</a> 
Token burns for cryptocurrencies are crucial actions that directly affect <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">prices</a>, and we are witnessing another one. A crypto project has just announced that it will burn 5% of its supply, which is 350 million tokens. What are the details of this burn? 
<h2 style="text-align: justify" id="astr-coin-burn">ASTR Coin Burn</h2> 
ASTR Coin will burn 5% of its supply through a governance vote, and 70 million tokens will be transferred to the community treasury. The tokens to be burned were allocated for Polkadot parachain auctions. The <a href="https://en.coin-turk.com/preparing-for-the-next-bull-run-how-to-make-a-long-term-altcoin-investment/" data-wpel-link="internal">altcoin</a> price, which increased by more than 7% in the last 24 hours, may rise further after the burn. At the same time, the daily trading volume increased by 84%, reaching 50 million dollars. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-367255 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/ASTRUSDT_2024-07-02_16-38-50.png" alt="" width="1269" height="585"> 
Astar Network agreed with Polygon in March and started working on the integration of AggLayer. This product was designed to connect networks with zero-knowledge proofs. At the time of writing, BTC remained weak, so ASTAR Coin (ASTR) did not achieve massive gains with <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">the announcement</a>. The price increase was close to 10% at the time of writing, while BTC was still hovering around $62,800. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/astr-coin-burns-tokens-to-impact-price/" data-wpel-link="internal">ASTR Coin Burns Tokens to Impact Price</a></h5>

ASTR Coin Burns Tokens to Impact Price

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