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
All of the profits of Astrolescent will be used to buy back ASTRL and will be deposited into the staking contract.
The expected staking APY based on 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 profit share for ASTRL 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.
The distribution of the fees will start on January 1st, 2024, with the distribution of the fees earned in Q4 2023.
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 12,000,000 is reserved for monthly airdrops up to 100,000 ASTRL per month to incentivize the usage of Astrolescent products for 10 years.
2,000,000 ASTRL is reserved to refund lost tokens as a result of bugs and edge cases during the usage of Astrolescent products for up to $2000 per incident.
The additional supply of tokens will be used for special occasions.
Team Up to 100,000 ASTRL will be distributed among the team members of Astrolescent each month for 6 years.
Marketing The 2,000,000 tokens will be used to run marketing campaigns
Operating cost The operating cost of Astrolescent will be funded from the revenue generated.
Locking
The tokens that are not needed during the present year will be locked with RadLock in October 2024.
If vesting is available in time on RadLock a vesting schedule will be created to automatically unlock airdrop and team tokens each month. Otherwise, the tokens will be locked until October 2025 and relocked with a vesting schedule afterwards.
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