Astar Foundation Proposed Burning 350M ASTR Tokens

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In a significant initiative, the Astar Foundation has proposed burning a whopping $31+ million worth of ASTR tokens. The proposal refers to the 350 million ASTR reserved for Polkadot’s well-known parachain slot auction. Voting on the proposal will take place after three weeks of community discussion. The proposal does clarify the potential advantages of approval. Burning the reserve could benefit ASTR holders by decreasing the total staked supply, thus increasing staker rewards.