ASTAR DEGENS DAO
Incubating promising projects and bringing new ideas to the Astar Ecosystem with the help of a community-governed DAO fund.
Astar Degens is a community without hierarchy. Where impactful action is incentivized and rewarded. We welcome all ideas equally, and value productive effort. As a community, we help realize the value of supportive cooperation within the blockchain space, by encouraging fearless participation within the Astar Network.
We aim to maximize both utility and transparency. We reward and reinvest in our community. We encourage innovation and creativity, allowing us to cultivate interoperability from the ground up. Our collective efforts will act as a community incubator, allowing abstract ideas to transition toward economically viable projects. Community participation and DAO voting will direct our treasury toward supporting promising creators within the Astar ecosystem. Whether you are an artist, creator, influencer, developer, degen, or ape; all are welcome, and all will be rewarded for their constructive contributions.
We believe our platform will create a thriving ecosystem, by incentivizing individual participation. Our DAO is a powerful tool needed to bring new ideas forward, and to build a robust future for the interoperable block-chain space.
We are relentless.
We work as one.
We are Astar Degens.
DAO Treasury
The DAO Treasury is transparent, held in multi-sig account and AstarDEGEN holders vote on how to use the funds to expand the community, network, partnerships, innovations, development, as well as grow more funds. Unlike other DAO AstarDEGENS have the ability to stake a portion of our treasury on the Astar Network to grow passive income to help insure long-term growth and stability
nft utility
NFTs are in the headlines but many still do not understand how they can be used other than stagnant art. It is true fine art and generation one (classic) products from companies/ projects appreciates in value , most are unaware of additional NFT utility like staking for passive income, DAO voting weight, the ability to port your characters in and out of games, migrating unique abilities to new frontiers the possibilities are endless when a user has true ownership over their digital items
Cross-Chain collaboration
At the forefront of Web3 Innovation we always look to push usability and adoption to the mainstream. By collaborating cross-chain to bring forth endless amount of use cases for real workd scenarios Astar is the Hub of Web3 and AstarDEGENS will always support the mission
Benefits
As the officiacl Blue-Chip NFT collection on the Astar Network, holding an Astar Degen NFT provides more than just bragging rights. There is actual utility inherent with owning one of these prized apes. Listed below are a few of the benefits that come with each Degen NFT:
Monthy Rewards
The Astar Degen DAO earns daily dApp rewards from the Astar Network’s dApp Staking mechanism. Each month the rewards are split between the Astar Degen Treasury and NFT holders. No need to claim your rewards as they are automatically distributed into each holder wallet. The more Astar Degens you own, the bigger your reward.
Voting
Astar Degens is a grassroots VC DAO the commits to supporting and investing in the Astar Network Ecosystem, Dotsama, and other projects that provide a mutual benefit. We have a decent size treasury we use for investments, therefore, it is important that every voice is heard before accepting each proposal. Each NFT represents 1 vote. The more you own, the more weighted your vote.
Monthly Account Report
The Astar Degen community prides ourselves in being fully transparent. All DAO funds are on-chain and viewable to the public. Holders can enter the “Treasury” channel on Discord to see the monthly investment report, gains, losses, reward distribution, and more.
Quarterly dApp Staking Bonus Rewards
In addition to the monthly rewards holders can also boost their passive income by staking $ASTR on the Astar Degen dApp staking module.
Return on Ecosystem Investments
As stated, the Astar Degens is a grassroots VC DAO the commits to supporting and investing in the Astar Network Ecosystem, Dotsama, and other projects that provide a mutual benefit. With every investment there is a return, those returns are distributed between the Astar Degen Treasury and NFT holders. This is a very good reason to vote wisely.
More to Come
The Astar Degens community has been active on a daily basis since launching in February 2022. We continue to brainstorm ideas, make investments and new partnership. Naturally as the DAO grows, the variety of benefits grow and expand as well. Have a new idea. Please join our Discord community and share.
dAPP Staking
Astar Network is centered around supporting developers to jumpstart their Web3 dApps on the Astar Network thus benefiting the entire PolkaDot Ecosystem. In a sense Astar can be viewed as a gateway for developers to fastrack their dApps unto the PolkaDot Ecosystem. Submit your project and receive $Astar from via community support. As most networks have delegation protocol Astar is build on dApp Staking “40% of block rewards is a huge incentive for dApp developers to build in the Astar ecosystem. In other blockchains like Ethereum, dApp developers need to apply for grant programs, issuance of tokens, fundraising etc. to earn some money. In the Astar ecosystem, as long as your dApp has been nominated, you will receive some basic income. As your dApp grows in popularity, more members of the community will nominate you and this means that you will receive a greater percentage of the block reward!”
In addition to Staking you can use your $ASTR to Mint Bonus Coins on BiFrost!
How to stake on platforms like Bifrost & Hydration for a 4-month period to earn the best rewards, including Astar Degens perks!
*Pro tip: Mint vASTR, vDOT, or vGLMR through the Astar Degens DAO link! It boosts your yield and generates rewards for the DAO to offer even more benefits!
Stake your vTokens here:
How Astar Network Works
Astar Network is the Polkadot-native Smart Contract Hub supporting Ethereum Virtual Machine, WebAssembly, dApp Staking, and Layer2 solutions.
Astar Network is a gateway to the Web3 multi-chain future. Astar connects multiple Layer1 blockchains to Polkadot through Astar Network. Astar allows Layer2 application developers to make a deposit on their Layer1 smart contract and create Layer2 applications. Astar Network eliminates the high gas fees and slow transactions that hinder the Ethereum blockchain, thus allowing mainstream audience to enter and enjoy the groundbreaking world of Decentralized Finance (DeFi).
Astar DEGEN Roadmap
Initial community NFT Mint - Astar Degen Apes (Completed 22 February 2022)
Minted 10,000 Astar Degen Apes. The mint was limited to 5 NFTs per wallet to ensure the community could be as large and diverse as possible from day one .
The NFTs function as a utility token for the DAO with voting rights, profit share and future airdrop entitlements attached to the original NFT collection.
DAO governance and structure
Finalize the DAO structure including governance structure and platform to be utilized by the community. Hold first official DAO vote using the Degen NFT. 1 NFT = 1 vote. Enable multi-signature wallet and initial transparent DAO and treasury reporting.
Launch Focussed community groups known as Tribes to power Astar growth
The Tribes (focused community groups) are similar to guilds or houses in other DAO’s. They will become the powerhouse of the community. We are organizing these Tribes around the skills, experience and passions of our great community members.
FinaliZe DAO Treasury operating guidelines and strategic road map
In combination with our DAO governance plan and structure the Treasury Tribe will finalized initial plans for the operating guidelines of the DAO treasury. These guidelines codify how the treasury funds are deployed and the process for proposed investments to be voted on and approved by the community of NFT holders.
Initial seed investments by DAO treasury fund (Community VC Investments)
Funds raised by the DAO via the initial minting process and other fundraising ventures will be allocated to seed and initial investments in promising Astar ecosystem projects. Collaboration with projects will bring benefit to both the DAO and the Astar ecosystem projects.
DAO dAPP
A DAO owned dApp to provide additional services to NFT holders, projects, start ups and other community members. To initially include NFT minting, token creation and distribution services and distribution of DAO profits to original NFT holders.
Play to earn game
A play to earn game,incorporating the DAO NFT and/or providing holders with additional utility within the game
Ongoing NFT Utility
Continue to add utility to AstarDEGENS NFT mints, like staking and airdrops to name a few, via collaboration with new projects within the Astar ecosystem. Mutually beneficial to the DAO and ecosystem projects leading to larger and larger network effects.
Community project incubator
a home to nurture great ideas including NFT, Defi, social or any other project which the community supports.
Community Launchpad
for projects that have been incubated by the community and are ready to launch. Reward the community with early access and projects will benefit from the large and engaged Astar Degens community.
Education and marketing
Multiple educational channels and media for marketing of Astar ecosystem projects. An army of freelance community members spreading the word, incentivized via reward for effort in form of token or utility NFT.
Charitable and common good projects
Charitable focused projects and common good projects will be incubated via the DAO. Community members will vote to progress and support the most worthy projects and allocated treasury resources.
Information and Resources
We will make the DAO the hub of the Astar ecosystem in terms of information on Astar chain projects. Quality resources updated and verified by the community. We will leverage our content creation Tribe to produce resources that will enable greater adoption of the network.
Astar Social and Metaverse
The community could form the basis for an Astar centric social platform. This may be a standalone venture or likely in partnership with existing Dotsama platforms to foster cross chain and cross token networks. Initially this would likely take the form of engaging with the existing Dotsama social and metaverse plays.
ENTER YOUR IDEA HERE
Tell us what you want. Join the DAO, create a proposal, and vote. Simple!
Hit the Ground Running
Put Some Pep In Your Step and Purchase an AstarDEGEN NFT!
The Future of Dotsama
Polkadot is the flagship protocol of Web3 Foundation, a Swiss Foundation with a mission to facilitate an open-source, fully functional and user-friendly decentralized web. Kusama is the parity chain of Polkadot, light, faster, can be used for blockchain experiments or a permanent home for blockchains. Polkadot + Kusama = DotSama.
Dr. Gavin Wood, Web3 Foundation’s president, is the most well-known of the trio thanks to his industry influence as Ethereum co-founder, Parity Technologies founder and the creator of the smart contract coding language Solidity. Wood is also credited with coining the term Web3.
As a co-founder of Ethereum Dr. Gavin Wood is very familiar with the short comings of Ethereum. DotSama has already eliminated the high gas fees and transactions fees plus allowing full interoperability at Layer0 makes growth possibilities endless. We cannot predict the future but we can all agree the DotSama Ecosystem is off to a great start
How To Use Metamask
DotSama Market Values
Image below does not reflect real time prices.
Our Team
AstarDEGENS is a very large community that continues to grow and evolve. However, our core team was responsible for launching the project and remain key players in the community
Ramz
Astar Ambassador and Community Manager for Astar Degens.
Cryptonian
Council Member & Web Developer
Matt
Council Member
Also Core Team Member of Astrid DAO, the offical Stable Coin Platform for Astar Network $BAI $ATID
Disruptor
Council Member
Also CMO of Neurolanche X Labs, Home of Astar Network’s first AI app and Web3 game “Astar Strike”
Peteya2
Council Member & Passionate community member.
Mouthmouth68
Council Member & Passionate community member
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Astar EVM TXs (per million)
astar holders
Astardegen volume (Per Million)
AstarDegen Floor Price
Investment Portfolio & Partnerships
F.A.Q.
HOW DO I JOIN THE DAO?
Simple, purchase an NFT to represent a vote in the Community. The more NFTs you own the more you are vested in the community, the louder your voice will be heard
HOW DO I PURCHASE AN NFT?
All Astar DEGENS are available for purchase in ToFu NFT, a multi-chain NFT marketplace
HOW DO I GET ASTAR?
Astar is available on all the major Cryptocurrency exchanges: Kucoin, Binance, Kraken, and Gate.io are the most popular and trusted exchanges
HOW DO I USE METAMASK?
We have provided a video explaining how to setup the Astar Network on Metamask. If you are a beginner we recommend visiting the official MetaMask website to learn the basics then advance to the next steps at your own pace. Keep in mind the instructions will often refer to Ethereum, but the coin can be interchangable with any EVM compatible chain. In this instance Astar is EVM compatible. You can visit the MetaMask getting started page here.
WHY IS DEFI AND WEB3 IMPORTANT?
Currently we live in a world governed by centralized powers and middlemen, there is an extreme lack of privacy and social mobility. Decentralized Finance and Web 3 eliminates dependance on the middlemen and centralized governance. For example, imaging apply for a loan and receiving your funds all within one-minute without the slow process and a middle man taking a cut, this is possible with DeFi
DOES ASTAR SUPPORT LEDGER?
Yes. You can secure your Astar coins and NFTs on Ledger using MetaMask as an interface.
CAN I USE ETHEREUM, BITCOIN, AND OTHER COINS ON ASTAR?
Yes, the beauty of interoperability is the ability to bridge coins from one blockchain to another which hasn’t been possible until recently. Therefore you can bridge your Non-Astar Blockain coins and tokens over to the Astar Network and trade how you please. If you don’t trade, you can always bridge back to the original chain.
HOW IS THE ASTAR NETWORK SECURED?
By PolkaDot’s Layer0 chain and Astar’s Proof of Authority mechanism.
WILL ASTAR NFTS BE ABLE TO MIGRATE TO OTHER CHAINS?
Yes, we will be working with other chains to allow AstarDEGENS to migrate to other jungles in the future, discovering new frontiers, to go where no Ape has gone before!
I BELIEVE IN PRIVACY, HOW CAN I HIDE MY ADDRESS FROM NFT?
Like Bitcoin, Ethereum, Solana, and other major blockchains your address is always exposed, however, there are many privacy protocols being developed in and out of the DotSama Ecosystem we will be working to bring those features to Astar Degen NFTs as well.
DOES OWNING AN ASTAR DEGEN QUALIFY ME FOR FUTURE AIRDROPS?
Yes
WILL ASTAR DEGEN LAUNCH A TOKEN ON ASTAR?
Currently AstarDEGEN serves as an NFT and DAO token with a Max Supply of 10k (very limited) as of right now there is no need for a token, however, we will remain adaptable to future events and the DAO has the power to launch a token in the future if it sees so fit
I WANT TO SHARE WITH MY FRIENDS, HOW DO I SUMMARIZE THE DEGEN MISSION?
AstarDEGENS is the first NFT project on the Astar Network, dedicated to growing the Astar Ecosystem while aiming to be the Ambassador/ Gatekeepers of Astar Network providing incubation for onboarding projects and innovative partnerships. Just like the brick and mortar world of centralized governance, a nation’s currency is only as good as it’s economy, this incentivizes positive contributions to the Astar Ecosystem and DotSama as a whole.