🧐 Astar x Soneium Launches a New Era of Web3｜Analysis of the Revolutionary Public Chain Ecosystem of Astar and Sony, and Overview of the ACS Activities——

Blockchain technology has been developing at a remarkable speed in recent years, but whether from the early days of decentralized finance to the current advancements in AI and Depin,

most concepts are relatively just castles in the air, unable to be realized;

All concepts must ultimately be grounded and become tools that ordinary people can use seamlessly to maximize their effects;

It's akin to the early days of the internet when DOS and TCP/IP protocols were in use, and no one could utilize them; the internet's greatest explosion had to come with the popularization of Apple and Windows operating systems and hardware;

In the future, I believe that from music, movies to games, and then to consumption and finance, Web3 technology will definitely be pushed into the mainstream, and AI, the biggest breakthrough point of this century, has a significant connection with Web3;

At this historic turning point, we are all pondering an important question: How can these industries better integrate with Web3? How can we make blockchain a part of everyone's daily life?

This is not only a future development trend but also a current issue that needs to be addressed, especially since the world of Crypto is currently leaning towards PvP; we need new funds and new users.

And this is exactly what Astar is working on!

Many people know Astar @AstarNetwork because it is Japan's top public chain, which not only successfully launched on Binance but also attracted collaborations with giants like Toyota, Sony, Mazda, and 7-11.

Particularly noteworthy is the joint venture with Sony to create a new generation Ethereum Layer 2 public blockchain protocol: Soneium L2 @soneium, which has gained significant attention; this can be considered Astar's greatest contribution to the blockchain world:

By combining Astar's technical advantages and expertise in the crypto field with Sony Group's distribution channels, it aims to bridge the gap between Web2 and Web3, promoting the large-scale adoption of Web3;

Many people are aware that the Japanese government strongly supports Web3; this collaboration is not just a technological breakthrough but also a reshaping of the global digital economy landscape.

This article will explain:

1) What exactly is Astar?

2) How does Astar integrate with Soneium?

3) An overview of the recently launched ACS activity (Astar Community Staking) with a total prize pool of 100 million $ASTR;

1️⃣ What is Astar and its evolution and positioning——

Astar claims to be Japan's number one public chain mainly due to its impressive background and technology, representing a significant attempt by Japan in the blockchain direction;

First, the token $ASTR has been launched on Binance;

Secondly, it raised $34.4 million in funding and collaborates with world-class companies like Toyota, Sony, Mazda, and 7-11, aiming to promote the large-scale adoption of Web3.

Astar is not just a public chain——

Astar is entering the "Evolution 1.5 Stage":

Transforming into the "collective" Astar Collective, its main goal is to drive the large-scale adoption of Web3 and bring millions of users into Web3 through Japanese enterprises and real-world use cases.

This transformation is crucial: this is why I find it great; we need such projects to bring in more fresh blood, mainly focusing on the following four aspects:

1) Innovation: Focusing on real-world Web3 solutions to address the practicality issues of traditional blockchains.

2) Inclusivity: The development direction is moving towards openness, friendliness, and community-driven, attracting a diverse user base.

3) Entertainment: Catering to both crypto-native users and designed to be easily accepted by the public, expanding the user base.

4) Confidence and Collaboration: As an industry leader, it values community feedback and partnerships.

The three core pillars of the Astar project include——

1) Interoperability: Achieving comprehensive connectivity with the Soneium ecosystem through Chainlink CCIP and Superchain, ensuring the efficiency of cross-chain collaboration.

2) Token Expansion: $ASTR will become the ecological token for Soneium's main consumption applications and payment solutions, expanding its use cases.

3) Decentralized Governance: The upcoming Governance V1 will empower the community with more decision-making power, enhancing community participation.

2️⃣ The relationship between Astar and Soneium——

First, let's clarify what Soneium L2 is:

It is well-known that Sony is a large enterprise in Japan that has been deeply researching and exploring WEB3, looking into applying blockchain technology in finance, acquiring centralized exchanges, and experimenting with yen stablecoins, demonstrating its firm commitment to digital transformation and innovation.

Soneium is Sony Group's Ethereum Layer 2:

Built collaboratively by Sony Block Solutions Labs and Astar's development company Startale Labs;

Soneium aims to achieve real-world Web3 adoption through intuitive consumer applications, payment solutions, and decentralized finance,

Soneium's goal is to bridge the gap between Web3 and Web2, allowing individuals, creators, and businesses to connect and grow in a borderless digital ecosystem, potentially distributing to Sony's over 100 million registered users globally.

Astar's goal is to promote the large-scale adoption of Web3 and bring millions of users into Web3 through Japanese enterprises and real-world use cases.

Therefore, based on this goal, I believe the collaboration between Astar and Sony to create Soneium L2 is very necessary:

1) Support from Sony's powerful ecosystem;

Sony has invested over $10 million in the Web3 field, collaborating with partners like Chainlink, LayerZero, and Circle to promote ecosystem development. Its vast user base and rich IP resources lay a solid foundation for Soneium's rapid rise.

In addition, Soneium is backed by Sony's rich IP resources, including famous musicians (Beyoncé, Michael Jackson), globally popular films (Spider-Man, Men in Black), entertainment giant PlayStation, and Japan's largest new bank, Sony Bank. With Sony's global influence and resources, Soneium will provide users with a seamless Web3 experience.

2) Precisely targeting the Japanese market;

The Japanese government strongly supports Web3 development, with the Prime Minister attending crypto conferences multiple times, and the ruling party incorporating Web3 into national development plans. Sony has also acquired a compliant crypto exchange in Japan and renamed it S.BLOX, planning to launch a regulated crypto trading platform.

3) IP collaboration and Web3 innovation;

Soneium plans to collaborate with Sony's well-known IPs, such as "Ghost in the Shell" and "The Seven Deadly Sins," while also supporting Web3 music projects Yoake, coop, meet48, and the social application Yay! to launch token economies and tipping features.

Thus, Astar and Soneium have a complementary relationship; through the combination of Astar and Soneium, Astar Collective is committed to creating a seamless, interoperable, and easily accessible Web3 ecosystem, making it no longer limited to early adopters but aimed at the general public.

3️⃣ Interpretation of the token $Astar——

$ASTR is the core asset of the Astar L1 and Soneium L2 ecosystems:

Building infrastructure is certainly a fast but not always effective endeavor; one can pay attention to the potential and trends of this token, as the emergence of Soneium will clearly provide a greater display path and asset anchoring space for $Astar.

Moreover, due to compliance, Soneium will not issue an independent token in the short term, and $ASTR will play the role of "backdoor listing" in the Soneium ecosystem, becoming the core asset of both Astar L1 and Soneium L2 ecosystems, with the following key functions:

1) As the main asset of the Soneium ecosystem.

2) Providing primary liquidity and routing support in DeFi.

3) Serving as the payment token in Soneium dApps.

4) Acting as the staking asset for Soneium's Fast Finality Layer.

I believe this token is worth paying attention to recently, with the following reasons for potential growth:

1) $ASTR was listed on Binance in February 2022, with an average price of about $0.05 to $0.08 as of today;

Since its listing, the price has experienced fluctuations but has not returned to its historical high; as Japan's number one public chain, this price currently seems somewhat undervalued; if we don't take advantage of the bull market to make a move, it could become awkward;

2) The future price trend of $ASTR will depend on the progress of the Astar project and market conditions. Positive factors include collaborations with major companies like Sony, which are expected to attract a large number of users through Soneium;

3) The recently launched ACS activity, rewarding 100 million ASTR tokens, may increase demand;

4) Astar's multi-chain support and interoperability enhance the attractiveness of its ecosystem, making it more prosperous;

Therefore, if Astar successfully implements its plans, especially regarding user adoption of Soneium and participation in the ACS activities, the price of $ASTR may rise significantly. However, in the long run, if market sentiment turns bearish or regulatory risks increase, the price may stagnate or decline. Competitive pressure and market volatility may also limit growth.

In summary, market volatility and regulatory risks should be considered cautiously; Do Your Own Research (DYOR);

4️⃣ Mechanism and Goals of the ACS Activity——

Finally, the ACS (Astar Community Staking) activity mentioned above will launch on February 20, 2025:

1) Basic information is as follows:

Duration: 70 days;

Reward Pool: 100 million $ASTR (approximately $4 million);

Reward Distribution:

70% allocated to liquidity providers

30% allocated to on-chain trading users

The activity aims to expand the use of $ASTR in DeFi, gaming, and consumer applications, incentivizing users to interact with Dapps on @Soneium;

Users will earn points based on specific on-chain activities related to ASTR expansion, including providing liquidity or assets to eligible DeFi applications and interacting with consumer and gaming applications on Soneium.

Points earned throughout the activity will be converted into ASTR tokens at the end of the event, ensuring direct incentives for active participation.

Activity 1 ACS = 0.1 ASTR; after the activity ends, dApps will receive ACS and distribute it to their users;

2) How to participate in the ACS activity?

By providing liquidity or conducting on-chain transactions on Soneium L2, accumulate points to enhance your incentive ranking in the activity and ultimately claim rewards;

To participate in the ACS activity, users need to perform the following actions on the Soneium network: provide liquidity (TVL contribution), interact with gaming and consumer applications, or participate in special events;

3) Highlights of the ACS Activity:

1) Incentive Mechanism:

The reward distribution is 70% for liquidity providers and 30% for on-chain trading users, encouraging users to lock assets in designated DeFi protocols to earn points.

2) Elimination of Inflation:

Unclaimed rewards will be destroyed to protect the token's value.

3) Promoting Ecosystem Growth:

Enhancing user engagement with Astar and Soneium, fostering community and ecological prosperity, and paving the way for future Superchain integration, including Base, OP mainnet, Unichain, and more.

The main yield from providing liquidity accounts for 70%, and eligible assets include: ASTR, wstASTR (Astake), vASTR (Bifrost), xnASTR, nsASTR, and other assets, which essentially encourages everyone to lock the main token. So, should we encourage locking up assets?

As for whether to participate, everyone should do their own research. For more details, please see:

https://forum.astar.network/t/treasury-proposal-for-acs-campaign/7806

Please note the risks of impermanent loss and market volatility. The activity may enhance the long-term value of ASTR, but returns depend on your level of participation and total TVL. It is advisable to assess your risk tolerance and investment goals.

5️⃣ Conclusion——

Standing at the forefront of the wave of Web3 technology sweeping the globe,

The collaboration between Astar and Soneium is opening a door to the future for us:

The future may create a seamless, interoperable, and easily accessible Web3 ecosystem, targeting not just early adopters but the general public.

Sony's vast user base and the support of the Japanese government provide strong backing for the development of Soneium.

I believe this is a good thing and a strong response from large traditional enterprises willing to participate. In the future, I think more mega enterprises will start entering Web3, bringing a tangible Web3 experience to billions of users,

And we are already participants, the early movers with a head start!

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