Astar Network will destroy 350 million ASTR, accounting for 5% of the total supply

After a governance vote, 5% of the total supply of the multi-chain smart contract network ASTR will be destroyed, totaling 350 million tokens, and another 70 million tokens will be transferred to the community treasury. Token destruction is generally seen as a bullish event, and ASTR has risen by more than 7% in the past 24 hours. (Coindesk)