Astar
ASTR
$0.16

Sector

Platform

Exchange Debut

2022-01-17

Market Cap

915,288,954

Maxim Supply

∞

Circulating Supply

5,586,825,848

Circ. Supply(%)

∞
Astar

Astar

ASTR

Price

$0.16

Market Cap

Sector

Exchange Debut

915,288,954
2022-01-17

Volume 24h

High 24h

Low 24h

30906226
0.165887519843
0.159288436201

Change 24h

Change 7d

Change 30d

0.0328
0.8229
-9.1125

Maxim supply

Circulating supply

Circulating supply(%)

∞
5,586,825,848
∞

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Astar cryptocurrency:

In this fundamental analysis of the Astar cryptocurrency, we explore the key aspects and scores obtained by the project across various criteria. Astar aims to become a full-scale multi-chain smart contract platform, offering support for layer 2 solutions, blockchains, and virtual machines. By connecting the Polkadot ecosystem with Ethereum, Cosmos, and more, Astar provides developers with an interoperable web 3.0 infrastructure to build decentralized applications (dApps) and layer 2 solutions. With a focus on DeFi, NFTs, and DAOs, Astar allows developers to move beyond infrastructure and focus on application development.

Social & Mass Media: Score 6.8 out of 10

In our fundamental analysis of the Astar cryptocurrency, we found that it received a score of 6.8 out of 10 in the social and mass media criterion. While Astar demonstrates the ability to attract followers on social media platforms, scoring a perfect 10, the community activity on these pages was relatively low, leading to a lower score. The activities of social media administrators and the project’s presence in the media received moderate scores. However, the size of communities on chat groups scored highly, indicating an engaged and supportive community.

Audit & Security: Score 3.95 out of 10

When evaluating the audit and security aspect, Astar obtained a score of 3.95 out of 10. The results of audits conducted on the project were modest, suggesting the need for further scrutiny to ensure transparency and security. On the positive side, Astar demonstrates transparency by providing information readily available to the public, which scored well. Additionally, the liquidity on exchanges was evaluated favorably, contributing to a higher score.

Tokenomics: Score 5.3 out of 10

Astar’s token economy received a score of 5.3 out of 10 in our fundamental analysis. The project’s inflationary nature and inflation per year scored relatively lower, indicating potential concerns in terms of token supply. Furthermore, the level of centralization in the project’s monetary mass scored moderately, suggesting a balanced approach.

Ecosystem Development: Score 6.8 out of 10

In the ecosystem development criterion, Astar scored 6.8 out of 10, demonstrating a satisfactory performance. The achievement of objectives received a moderate score, suggesting progress but also room for improvement. Astar’s plans to bring new developments to the project were also evaluated similarly, indicating a forward-looking approach to enhance its ecosystem.

Team & Developers: Score 3.4 out of 10

Astar’s team and developers received a score of 3.4 out of 10 in our analysis. The experience of the team members was evaluated modestly, suggesting the need for further expertise in certain areas. Additionally, the number of software developers involved was considered average.

Product & Utility: Score 7.3 out of 10

The product and utility aspect of Astar scored well, obtaining a rating of 7.3 out of 10. Astar’s product utility, focusing on supporting decentralized applications and layer 2 solutions, received a high score. The utility of tokens within the ecosystem also garnered a commendable score, indicating their value and purpose.

Partners & Investors: Score 8 out of 10

Astar demonstrated strength in partnership and investor engagement, scoring 8 out of 10. The number and quality of partners received a high rating, suggesting a solid network of collaborations. Additionally, the number and capacity of investors scored well, indicating interest and support from the investor community.

Fundamental analysis of the Astar cryptocurrency – The final conclusion

After conducting the fundamental analysis of the Astar cryptocurrency, it is evident that the project holds promise, but also carries certain risks that investors should carefully consider. Astar’s focus on building a multi-chain smart contract platform and its partnerships showcase potential for growth and development in the future. However, there are areas that require attention and improvement.

The team and developers’ scores indicate the need for further expertise and expansion to ensure the project’s long-term success. The community activity on social media platforms could be strengthened to foster greater engagement and trust among users. Moreover, the results of audits and the level of transparency in providing information to the public should be enhanced to bolster confidence in the project’s security and reliability.

Despite these areas of improvement, Astar’s strong product utility, utility of tokens within the ecosystem, and favorable investor engagement demonstrate positive attributes. The project’s ability to connect different blockchains and support various layer 2 solutions positions it well in the evolving landscape of decentralized applications.

In conclusion, the fundamental analysis of the Astar cryptocurrency indicates both potential and risks. Investors should conduct thorough research and evaluate the project based on its scores in different criteria. While Astar shows promise, it is essential to consider the team’s capabilities, security measures, and the overall development of the ecosystem. Investing in the Astar cryptocurrency requires careful consideration of these factors to make informed decisions.

Astar Network Overview

Astar (ASTR) is a groundbreaking project that offers a supportive infrastructure for developing decentralized applications (dApps) and layer 2 solutions. It serves as a multi-chain Polkadot dApp hub, connecting the Polkadot ecosystem to layer 1 blockchains like Ethereum and Cosmos. Astar is designed to provide interoperable web 3.0 infrastructure, coupled with financial incentives, incubation programmes, and technical support. This unique approach fosters a robust ecosystem where Ethereum Virtual Machine (EVM) and WebAssembly (WASM) smart contracts can coexist, interact, and facilitate dApp development.

Astar’s Unique Features

The Astar project is distinct in its ambition to become a comprehensive multi-chain smart contract platform. Its network is built on the Parity Substrate, a web 3.0 blockchain-building platform that offers a plethora of features such as upgradable blockchains, modular architecture, and customizable block execution logic. Astar introduces unique features such as operator trading and multi-lockdrop to improve user engagement and participation.

Operator Trading and Multi-Lockdrop

Operator trading is a mechanism introduced by Astar that enables the tokenization, transfer, and operator assignment of smart contracts. Multi-lockdrop is a modified lockdrop that allows token distribution across the network over time, thereby encouraging active network participation.

Astar’s Monetization Model

Astar’s monetization model is centred on rewarding dApp developers, fostering the growth of the ecosystem. The rewards per block are evenly split between developers and validators, further incentivizing smart contract staking and increasing the value of the ASTR token.

Where Can You Buy Astar – ASTR?

ASTR can be purchased on cryptocurrency exchanges such as Binance,   Kucoin  and   Gate.io.

All you need to do is create a  free account on any of these exchanges and start trading.

fundamental-analysis-of-the-astar-cryptocurrency

Astar - ASTR performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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