{"id":57600,"date":"2022-02-11T16:51:17","date_gmt":"2022-02-11T14:51:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57600"},"modified":"2025-09-04T12:30:49","modified_gmt":"2025-09-04T09:30:49","slug":"polkadot-based-astar-project-to-distribute-100-million-in-incentives","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/polkadot-based-astar-project-to-distribute-100-million-in-incentives\/","title":{"rendered":"Polkadot-based Astar project to distribute $100 million in incentives"},"content":{"rendered":"<p>The Polkadot-based platform Astar, branding itself as a \u201chub for decentralized applications,\u201d announced the launch of the Astar Boost Program with $100 million in funding.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Breaking: 2 week after we raise $22M led by world leading investors, we launched $100M Astar Boost Program\ud83c\udf89<\/p>\n<p>We are going to support Astar native DeFi and NFT projects. Some of the amazing Defi projects are rolled out soon. Regarding NFT, I can\u2019t disclose not but stay tuned! <a href=\"https:\/\/t.co\/1q8UsvNRev\">https:\/\/t.co\/1q8UsvNRev<\/a><\/p>\n<p>\u2014 Sota Watanabe (\ud83c\udf1f,\ud83c\udf1f) (@WatanabeSota) <a href=\"https:\/\/twitter.com\/WatanabeSota\/status\/1492112435427549184?ref_src=twsrc%5Etfw\">February 11, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funds will be allocated, among other things, to rewarding liquidity providers, supporting NFT and DeFi projects, and incentivising smart contract developers.<\/p>\n<p>Current participants in the Astar Boost Program include decentralized exchanges ArthSwap and PolkaEx, as well as Celer Network&#8217;s cross-chain bridge cBridge.<\/p>\n<p>The core of the fund will be formed by <a href=\"https:\/\/forklog.com\/en\/news\/polkadot-parachain-auction-winner-raises-22-million-from-polychain-and-others\">$22 million<\/a> raised in a strategic investment round and the project&#8217;s native token ASTR.<\/p>\n<p>In December 2021, Astar won the auction for the third parachain slot on Polkadot.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Polkadot-based platform Astar, branding itself as a \u201chub for decentralized applications,\u201d announced the launch of the Astar Boost Program with $100 million in funding.<\/p>\n","protected":false},"author":1,"featured_media":57601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1554,1461],"class_list":["post-57600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-parachains","tag-polkadot-dot"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=57600"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57600\/revisions"}],"predecessor-version":[{"id":57602,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57600\/revisions\/57602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/57601"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=57600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=57600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=57600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}