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Cryptocurrency News Articles

Startale Group CEO Sota Watanabe Announces Support for the Tokenomics 3.0 Proposal

May 08, 2025 at 07:32 pm

Startale Group CEO Sota Watanabe announced his support for the Tokenomics 3.0 proposal. He said tokenomics drives blockchain performance and community trust.

Startale Group CEO Sota Watanabe Announces Support for the Tokenomics 3.0 Proposal

Startale Group CEO Sota Watanabe has announced his support for the Tokenomics 3.0 proposal. According to him, tokenomics is the heart of any blockchain, driving performance and engaging community trust. He noted that effective token models are crucial to guide value flow and network resilience. Additionally, Sota Watanabe argued that clear supply rules are essential for long-term stability. He explained how a fixed supply and decaying emissions shape predictable economics. Sota Watanabe backed the upgrade to signal investor confidence and wider community support for Astar Blockchain.

The Astar Finance Committee will manage the Protocol-Owned Liquidity (POL) fund. It uses twenty percent of network fees and unused staking rewards. The fund helps Astar Blockchain secure Polkadot coretime slots autonomously. This avoids reliance on costly crowdloan campaigns. The POL structure strengthens financial independence and reduces external funding needs. It adapts to Polkadot’s evolving core time requirements and security demands. POL serves as a strategic liquidity reserve. This approach enhances protocol resilience and self-sufficiency within the wider ecosystem. Stakeholders can track POL performance through transparent reporting.

The upgrade also overhauls fee management and the burn mechanism. Under new rules, fifty percent of transaction fees are permanently burned. Thirty percent of fees go to collators supporting network operations. The remaining twenty percent of funds are allocated to ecosystem development and the POL structure. This allocation maintains critical network services and community grants. The burn process reduces the circulating supply and reinforces the goal of a fixed-supply model. These clear rules improve transparency and predictability. Monthly reports and public dashboards allow stakeholders to monitor fee usage and token burns. This model aligns with long-term ecosystem health. It gives clear guidance for sustainable operations.

Technically, the Tokenomics 3.0 upgrade updates Astar Blockchain smart contracts. It activates a supply lock to enforce the fixed supply. The emission decay formula integrates into the runtime environment. An enhanced burn mechanism is also embedded directly into the protocol code. Protocol-Owned Liquidity features become formal on-chain functionality. All updates undergo Astar Foundation review before deployment. Users will access public dashboards for real-time transparency. Monthly performance data provides accountability for token economics. These changes enforce disciplined token behavior and secure network integrity. Developers can audit code updates via public repositories. This approach builds community trust.

The upgrade follows a clear roadmap that began in April 2025 with initial community discussions serving as a temperature check. Stages include concept design, technical development, and testing phases. Community feedback integrates at each major checkpoint. Full deployment targets mid-2026 completion. This method ensures transparency and shared ownership. Stakeholders receive regular updates through public channels and polls. Clear timelines guide planning and resource allocation. The inclusive process strengthens confidence in future Astar tokenomics by aligning with community needs. Regular surveys keep the plan adaptive to feedback. This roadmap balances efficiency and stakeholder input.

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Other articles published on May 09, 2025