Astra DAO

Astra DAO

ASTRA
$0.000000015%-2.13

Key Metrics

Price$0.000000015
Real Volume (24H)$65,702.95
MarketcapN/A
Fully Diluted Valuation$4,152,373
ATH$0.000000352118
ATH Date9/13/2022, 1:53:31 PM
ATL$0.000000038816
ATL Date12/20/2022, 7:34:32 PM
Circulating SupplyN/A
Total Supply100T
WebsiteN/A
WhitepaperN/A
Popularity Rank5652
Chart
What is Astra DAO?

Astra DAO (ASTRA) is a revolutionary decentralized and non-custodial automated crypto asset allocator that is built on the Ethereum blockchain. ASTRA offers practical and convenient access to crypto-oriented investment strategies, including a variety of investment products/indices, a participation units marketplace, user staking, and the ability to harvest investment strategy profits.

The main aim of Astra DAO is to provide a zero-fee user participation model that ensures everyone has equal access to investment opportunities regardless of their level of expertise. Additionally, the platform is focused on improving the investment experience for all participants through a DAO-managed Treasury.

The native utility token of the Astra DAO platform is ASTRA. ASTRA tokens serve a range of purposes, including utility access, rewards for network participants, a development fund, a treasury reserve, and voting power.

ASTRA token holders have access to a range of utilities on the platform, such as the ability to vote, add their indices or join the network as investment managers and harvest performance fees. Additionally, ASTRA tokens are used as rewards for network participants, paid out in staking rewards, liquidity provider (LP) rewards, and structured airdrops.

The Astra DAO also maintains a development fund using a portion of the Astra treasury pool. This fund is dedicated to improving the Astra network by funding development grants, bug bounties, and improvement ideas. The platform also maintains a healthy supply and demand of ASTRA tokens in circulation to ensure the stability of the token.

ASTRA token holders have the power to participate in voting, submit voting proposals, and act as DAO governors. Furthermore, the platform participants will benefit from the staking protocol, which allows them to earn rewards by staking their tokens.

The total supply of Astra DAO tokens is initially capped at 100 trillion tokens. The supply will only increase or decrease if the DAO votes to implement minting or token burn capability. Astra tokens will be distributed among seven main groups. A portion of the tokens will be initially locked, and they will be unlocked over time according to the schedule, starting on launch day.

Astra DAO allocated 45% of its tokens to LM and community rewards and 10% to the growth and community grant fund. The aim of this allocation is to foster growth and development by providing incentives to the community to participate in the network.

In conclusion, Astra DAO is a decentralized and non-custodial automated crypto asset allocator that offers convenient and practical access to crypto-oriented investment strategies. With the use of the ASTRA token, participants on the platform can vote, earn rewards, participate in staking, and benefit from a development fund. The platform's zero-fee user participation model ensures that everyone has equal access to investment opportunities, and the DAO-managed Treasury ensures that the platform is constantly improving.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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