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Astar Network, formerly known as Plasm, is a smart contract platform in the Polkadot ecosystem that supports both Wasm and EVM. While offering native access to the Polkadot ecosystem via its parachain slot, the platform also possesses bridges into other ecosystems, like Ethereum, BSC, Cosmos, and Polygon.
With the Build2Earn program, Astar provides a basic income to dApps via inflation and offers direct funding to projects via the Astar Incubation Program. Astar Token is the utility token for Astar Network and has three major functions: dApp staking, transactions, and on-chain governance.
Astar token holders are able to stake Astar tokens on dApps that they choose and desire to support. When they do so, the staker receives Astar tokens from block rewards and dApps developers receive rewards based on the amount staked on them. Generally, application developers on the Astar Network receive Astar tokens when they make smart contracts or infrastructure for the Astar Network community.
