This referendum is to vote on the Treasury proposal allocating 100 000 000 ASTR from the Astar Onchain Treasury to execute the Astar Contribution Score Campaign on Soneium as part of Astar Value Management.
Treasury proposal: https://astar.subsquare.io/treasury/proposals/1
Discussion: https://forum.astar.network/t/treasury-proposal-for-acs-campaign/7806
Building upon years of successful development, the Astar Foundation recently unveiled Astar Evolution Phase 1.5, which is centered on three core pillars:
This phase reflects the shared vision of Astar Collective and Soneium—“Connecting You to Web3” and “Go Mainstream,” respectively.
To realize the goals of Astar Token Expansion, one of the core pillars of Phase 1.5, the Astar Foundation proposes the introduction of the Astar Contribution Score (ACS) Campaign.
This initiative is designed to incentivize adoption and establish a sustainable economic flywheel for the ASTR token within the Soneium ecosystem. By positioning ASTR as the primary asset on Soneium, for example for major consumer applications and payment solutions, the campaign will solidify ASTR’s role as a central medium in Soneium’s expanding web3 ecosystem.
Furthermore, this campaign will enhance the utility of ASTR, aligning with Astar Collective’s mission to position it as “Crypto For Billions.” It will not only accelerate ASTR’s adoption within the Soneium ecosystem but also serve as a critical preparatory step for broader integration into the entire Superchain ecosystem.
The ACS Campaign will introduce an ecosystem-wide score-based system designed to reward users for contributing to the Soneium ecosystem after its mainnet launch. Users earn points based on specific onchain activities related to ASTR expansion, including providing liquidity or assets to eligible DeFi applications and interacting with consumer and gaming applications on Soneium. Scores earned throughout the campaign will be converted into ASTR tokens at the end of the campaign, ensuring direct incentives for active participation. dApps will receive ACS and distribute them to their users. While the distribution method is determined by each dApp, it is recommended that they adhere to the original ACS distribution rules. By rewarding meaningful ecosystem engagement, the ACS campaign will promote long-term sustainability and drive early adoption in the Soneium ecosystem, reinforcing the ASTR token’s role as the ecosystem’s primary utility and payment token.
Tentatively: Feb 20th, 2025 - May 1st, 2025 (70 days)
Up to 100M ASTR tokens will be allocated for ACS. The budget will come from the Astar onchain treasury. If the campaign underperforms or fails to attract sufficient attention, any unallocated tokens will be returned to the treasury. Unclaimed rewards will also be returned to the treasury.
The performance recap report will be shared bi-weekly during the duration of the campaign.
Total Supply: 1 billion
Astar Surge Participants (25m ACS)
This distribution is an expression of gratitude for the early pioneers who pre-deposited ASTR to bridge Soneium with its mainnet launch. The distribution will occur on the day the ACS campaign starts. Each participant’s allocation will be determined based on the time-weighted amount of total bridged assets. Only participants who bridge liquidity to Soneium will be eligible for allocation.
Soneium Meme Spark (10m ACS)
The Soneium Meme Spark Season Contest, designed by SoneFi, aims to elevate Soneium’s TVL and foster a meme-driven economy. The initiative will encourage meme creation, community bonding, active participation, and trading excitement to drive ecosystem growth and long-term value.
Based on TVL (700m ACS)
Projects eligible for this campaign are those deemed important for maintaining liquidity. Each day, 10,000,000 ACS will be distributed, with settlement occurring at 00:00 UTC every 24 hours. To account for the impermanent loss risk faced by liquidity providers in AMM DEXs, a 1.5X multiplier will be applied to their TVL allocation.
While the list of eligible projects is to be updated during the campaign, the current eligible projects are as follows:
To prevent TVL manipulation, only certain assets will be eligible, and each asset will have a multiplier. While the list of eligible assets and their multipliers are to be updated during the campaign, the current eligible assets are as follows:
At Discretion (265m ACS)
While projects, where TVL is important, can be evaluated using a relatively straightforward method, it is more challenging to establish a single rule for consumer and gaming applications or certain DeFi applications. Therefore, I propose classifying projects into two categories: Consumer & Gaming Applications and DeFi Applications, with different evaluation methods tailored to each category. The split between Consumer & Gaming Applications and DeFi Applications may be adjusted based on further discussions. Each day, approximately 3,928,571 ACS will be distributed, with settlement occurring at 00:00 UTC every 24 hours.
1. Consumer and Gaming Applications (225m ACS)
For the first two weeks, all projects will receive the same amount of ACS. Starting in the third week, projects will be classified into four tiers every two weeks. This classification will be determined 80% by gas consumption and 20% by a qualitative evaluation conducted by the Astar Foundation. Projects within the same tier will receive an identical amount of ACS. While the list of eligible projects are to be updated during the campaign, the current eligible projects are as follows:
2. DeFi Applications (40m ACS)
The importance of some DeFi applications cannot be measured by TVL or gas consumption. Therefore, the Foundation will allocate ACS at its discretion for these applications. While the list of eligible projects are to be updated during the campaign, the current eligible projects are as follows:
This marks a step for ASTR to become the main currency of Astar Collective, extending beyond Astar Network. Let’s achieve this together!
As Astar Ecosystem Agent, Council member and in behalf of the holders who delegate voting power to me this is my vote justification:
I believe this initiative has enormous potential to drive mass adoption of the ASTR token within the Soneium ecosystem. Establishing ASTR as the primary asset as early as possible significantly increases our chances of achieving long-term consolidation. However, there is a real risk of other tokens, such as OP and ETH, taking ASTR’s place if we do not act decisively. This is why I consider this campaign not only timely but also strategically essential.
Despite the movement of 100M ASTR tokens from the treasury into the market, it is crucial to recognize that the treasury exists to be utilized wisely. Astar Network is not merely a reserve fund—it is an economic engine that should be leveraged to maximize the utility and adoption of ASTR.
To draw a parallel, Gavin Wood, the founder of Polkadot and Kusama, advocated for the proactive and aggressive use of the Kusama treasury to fund experiments and drive innovation. Applying this same philosophy, Astar’s treasury should be strategically deployed to enhance the value proposition of the ASTR token. This campaign presents a UNIQUE opportunity to achieve precisely that.
My vote is an unequivocal YES!
As per the community vote results, Astar Degen DAO community has voted NAY! on this proposal for the following reasons:
1. There is no vesting period or split distribution, which may induce strong sell pressure.
A split distribution and/or a vesting period of at least 3 to 6 months should be implemented to reduce sell pressure on ASTR. Additionally, a split of the rewards between Astar Network and Soneium could be considered to allow ACS contenders to discover dApp staking on Astar and its various dApps. This could potentially lead to increased traffic on Astar and lock additional tokens in dApp staking, while reducing liquidity bleed from Astar toward Soneium.
2. 70 days is too short to generate sufficient awareness of Soneium for 100M ASTR and should be extended to a 4 to 6 month campaign.
To provide enough time for the various blockchain communities to learn about and engage with the ACS campaign, a minimum duration of 4 months should be implemented. This timeframe would also allow users to become accustomed to Soneium and its 50+ dApps. It is also recommended that each month, emphasis be placed on a specific type of activity with a points multiplier, encouraging users to discover and use a wider variety of dApps, thereby increasing the chances of attracting and retaining users on Soneium.
3. The campaign budget should be divided into at least 2 to 3 campaigns to extend incentivized Soneium usage's over a longer period, as this kind of budget will not be available again.
4. We are not in favor of spending over $60,000 for a meme coin contest.
While we understand that the current bull run revolves around the meme coin narrative, this is often a breeding ground for scammers. For 99.9% of them, the creators and very early adopters benefit while the majority incur losses. Yes, it generates transactions on the blockchain and brings some liquidity, but at which cost?
5. LFGM contenders who did not receive any rewards should be allocated a small compensation.
They dedicated their valuable time to stress testing Soneium and its dApps, completing over 40 daily quests over a 3-month period. Even if the team announced that LFGM was not an incentivized campaign, their efforts deserve recognition and reward. It is through such unexpected actions that community cohesion and loyalty are fostered.
**Note : **
While Astar Degen DAO community has enough voting power, if a proper conviction vote is used, to reverse the current AYE! vote, the DAO has decided to simply express its dissatisfaction with the current conditions of the ACS campaign and issue a warning this time.
We recognize that ACS could be, if successful as envisioned by the Astar Core team, an opportunity, if not the last one, for the ASTR token to regain its full color. However, the campaign conditions, particularly points 1 and 2, MUST be amended.
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