CryptoSony and Astar Network Launch 100 Million ASTR Reward Campaign

Sony and Astar Network Launch 100 Million ASTR Reward Campaign

Astar Network has teamed up with Sony Group to launch an innovative 100-day campaign aimed at fostering adoption and growth within the Soneium ecosystem. The initiative, dubbed the Astar Contribution Score (ACS) Campaign, will reward participants with ASTR tokens for engaging in various activities within the Ethereum Layer 2 mainnet, Soneium, which is developed by Sony.

The ACS campaign, which runs from February 20 to May 30, 2025, invites users to earn ACS points by interacting with decentralized applications (dApps), providing liquidity to decentralized finance (DeFi) platforms, and participating in Web3 activities. A total of 1 billion ACS points will be up for grabs, with each ACS point convertible into 0.1 ASTR tokens. After the campaign concludes, participants can claim their earned rewards on the ACS website.

A significant part of the initiative is the creation of a reward pool worth 100 million ASTR tokens, designed to encourage long-term adoption and economic growth within the Soneium ecosystem. The campaign will involve 40 different projects within the Soneium ecosystem, including Velodrome, Quickswap, SoneX, Kyo Finance, and SoneFi.

Participants can increase their rewards by utilizing specific assets within the ecosystem. ASTR tokens will receive a 2x multiplier, USDC tokens will get a 1.2x boost, and USDT tokens will receive a 1x multiplier. A full list of eligible assets and their corresponding multipliers will be made available on the Astar blog.

Sota Watanabe, founder of Astar Network and CEO of Startale Group, emphasized that the ACS mechanism is designed to reward those who contribute meaningfully to the Soneium ecosystem. “It’s for the users who actively engage, provide liquidity, and interact with Web3 applications in impactful ways,” Watanabe said.

This campaign aims to drive both new participants and existing users into the Soneium ecosystem, enhancing the number of ASTR holders and facilitating real, on-chain rewards from user activities. The initiative also strives to create a more vibrant Web3 community and incentivize long-term value for both developers and users.

Maarten Henskens, Head of Foundation at Astar Foundation, noted, “By incentivizing meaningful participation, we’re not just enhancing ASTR’s adoption—we’re building a more engaged and dynamic Web3 community.”

In addition to the campaign, Astar Network is preparing for future integrations of ASTR tokens as SuperchainERC20, which will expand the token’s use across other Layer 2 networks, including Base and OP Mainnet.

Related Topics:

Share This Post

Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

Related Posts

Bitcoin Flash Crash Sets Market Tone for 2025, Altcoins Struggle Amid BTC Dominance

Bitcoin’s price experienced a dramatic flash crash on February...

Ethereum Foundation Unveils Open Intents Framework to Streamline Cross-Chain Transactions

The Ethereum Foundation has launched a new initiative designed...

Investor Stephen Weiss Takes Profits from Bitcoin via BlackRock ETF

Prominent investor Stephen Weiss has cashed in on his...

Global Wealth Funds Eye Bitcoin as Mubadala Joins BlackRock ETF Holders

The race for sovereign wealth funds to invest in...

Argentine President Milei Faces Crypto Scandal Amid Lawsuits and Political Backlash

Argentine President Javier Milei has broken his silence over...

JPMorgan and Goldman Sachs Expand Bitcoin ETF Holdings Amid Market Uncertainty

JPMorgan Chase has significantly increased its exposure to Bitcoin...