Sony Group and Astar Network Launch Initiative to Drive Growth on Soneium Ecosystem

Astar Network, a Japanese blockchain ecosystem, has partnered with Sony Group’s Ethereum layer 2 mainnet, Soneium, to launch the Astar Contribution Score (ACS) campaign. This initiative aims to drive adoption and growth on the Soneium ecosystem, with a reward pool of 100 million ASTR tokens.

How the ACS Campaign Works

The ACS campaign will run for 100 days, starting from February 20 until May 30, 2025. During this period, participants can earn points by interacting with applications, providing liquidity to DeFi platforms, and engaging in web3 activities. These points can be converted into ASTR tokens, with a total of 1 billion ACS points available to earn. One ACS point can be exchanged for 0.1 ASTR.

After the campaign ends, participants will be able to claim their ASTR rewards on the ACS website. The campaign will involve up to 40 Soneium projects, including Velodrome, Quickswap, SoneX, Kyo Finance, SoneFi, and more.

Boosting Rewards with Point Multipliers

Users can also receive point multipliers if they participate in the Sony layer 2’s ecosystem using ASTR, ETH, USDC, or USDT. ASTR tokens get a 2x multiplier, USDCs get 1.2x, and USDTs get 1x. A full list of assets and their multipliers will be available on the Astar blog.

β€œIt’s for the users who don’t just participate but who actively engage, provide liquidity to DeFi platforms, and interact with Web3 applications in meaningful ways.”

– Sota Watanabe, Founder of Astar Network and CEO of Startale Group

Driving Adoption and Sustainable Growth

The ACS campaign is designed to attract new participants to the Startale and Sony’s newly launched Soneium blockchain ecosystem and increase the number of ASTR holders through meaningful incentives. By converting on-chain activity into real rewards, the campaign aims to build a more engaged and dynamic web3 community.

β€œBy incentivizing meaningful participation, we’re not just enhancing ASTR’s adoptionβ€”we’re building a more engaged and dynamic web3 community. We’re excited to see how it drives long-term value for users, developers, and the broader ecosystem.”

– Maarten Henskens, Head of Foundation at Astar Foundation

Future Integration Plans

The expansion also prepares ASTR for future integration across other layer 2 networks like Base and OP Mainnet, which will be deployed as SuperchainERC20.

Stay up-to-date with the latest news and developments in the world of cryptocurrencies and web3 on Global Crypto News.