ASTRL token
$ASTRL is the official governance and yield bearing token of the Astrolescent project.
Radix Babylon resource address
resource_rdx1t4tjx4g3qzd98nayqxm7qdpj0a0u8ns6a0jrchq49dyfevgh6u0gj3
Please note: to use the latest features of the Radix Babylon network, the original Olympia ASTRL token is undergoing a migration program. Go to https://astrolescent to quickly and for free upgrade your (old) $astrl tokens to the new $ASTRL tokens.
The Olympia token can be recognized by the lowercase $astrl symbol and its resource address below.
Radix Olympia resource address
resource_rdx1t5ga7j04ek4laprf7xryxlu4hl04373sskdaaptfnjhnsns98vma8m
Utility
Staking
The ASTRL token can be staked to receive 33% of AstrolescentDAO's fees after direct operating costs by operating the different Astrolescent products, like the aggregator, the private pool, and the validator node. Operator costs include hosting costs but do not include any distributed to the team or used for marketing and business development as described in the tokenomics above.
The expected APY based on a 33% fee share and 3 million staked ASTRL is 10% to 15% yearly.
At the start of each quarter, an overview of all the earned fees and the direct operating cost of the previous quarter will be published. The 33% share for the stakers will be converted to ASTRL via the Astrolescent aggregator (bought on the market) and distributed linearly over the 12 weeks of the new quarter at a random day and time each week to prevent gaming of the staking system. This should ensure tokens stay staked over a longer period of time.
The distribution of the fees will start on January 1st, 2024, with the distribution of the fees earned in Q4 2023.
To stimulate ASTRL staking in December 2023, a couple of unannounced airdrops will be made, similar to the fee airdrops starting in 2024.
Voting
ASTRL and sASTRL can both be used to vote on governance votes by the AstrolescentDAO.
Tokenomics
ASTRL has a total of 36 million tokens, after burning 64 million tokens in early 2023.
Distribution
Airdrops Up to 50,000 ASTRL will be airdropped each month to stimulate the usage of the Astrolescent products. At the same time it is good for the project to keep the circulating supply low, so a balance is sought after.
Team Up to 50,000 ASTRL will be ditributed among the team members of the Astrolescent project each month. In a monthly meeting the team members discuss what they have done for the project and if they have earned their token allotment.
Locking tokens via Radlock is under consideration if the community feels that to be a safer path.
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