Question 1

What is ASTER?

Accepted Answer

ASTER is Aster's platform token. Aster officially defines itself as a decentralized trading platform centered on multichain perpetual-contract trading, while also offering spot trading and Earn-related products. Holding ASTER is not the same as holding a perpetual position, spot asset, or Earn position; these products each operate under their own trading, settlement, and participation rules.

Question 2

What services does the Aster platform primarily provide?

Accepted Answer

Aster's core service is multichain decentralized perpetual-contract trading. Perpetual positions give users long or short exposure to changes in an underlying asset's price, but they are not direct ownership of the underlying spot asset. The official materials also describe professional trading, simple perpetual trading, spot trading, and Earn functions. The specific available modes and their order, leverage, collateral, or yield conditions are subject to the relevant product pages.

Question 3

How is ASTER related to platform fees and staking rewards?

Accepted Answer

An important ASTER mechanism links part of platform revenue with veASTER staking rewards and supply reduction: the official rules state that 99% of daily platform fees are automatically used to repurchase ASTER, and all repurchased tokens become additional rewards for veASTER stakers. This relationship does not mean that fees are paid directly to all ASTER holders. The reward recipients are veASTER holders participating in distribution according to lock weight, and the repurchase size varies with actual platform fees.

Question 4

How does veASTER participate in reward distribution?

Accepted Answer

veASTER is an accounting entitlement obtained when users lock ASTER to participate in staking-reward distribution. The official materials state that each reward cycle adds the ASTER repurchased during that period to the base Loyalty Rewards of 300,000 ASTER and distributes them according to veASTER lock weight. Therefore, distribution outcomes depend on the rewards available for the period and the holder's lock weight; merely holding ASTER without forming veASTER does not mean automatically receiving repurchase rewards under this mechanism.

Question 5

How is ASTER's allocation structure arranged?

Accepted Answer

ASTER has a maximum supply of 8 billion tokens. The official allocation is: airdrop 53.5% (4.28 billion), ecosystem and community 30% (2.4 billion), treasury 7% (560 million), team 5% (400 million), and liquidity and listings 4.5% (360 million). “Allocation percentages” do not mean these tokens enter circulation at the same time. Whether each category is unlocked, used for conversions, emitted for staking, or deployed through governance determines when and how it actually enters the market.

Question 6

How do platform fees enter the ASTER repurchase process?

Accepted Answer

Aster's fee-repurchase mechanism provides that 99% of daily platform fees are automatically used to buy back ASTER. Repurchases are executed using TWAP (time-weighted average price) during the day and settled into a public repurchase wallet, rather than being subject to a manager's discretionary decision to establish reserves. TWAP distributes execution over a period of time; it does not guarantee the repurchase price, market liquidity, or token-price direction. The repurchase amount first depends on fees actually generated by the platform.

Question 7

How do ASTER repurchases, rewards, and burns operate at the same time?

Accepted Answer

For every 1 ASTER repurchased, the mechanism burns an equivalent 1 ASTER from reserves, with the team allocation used for burning first. Burning is not completed immediately after every repurchase: the official materials state it is carried out biweekly until total supply falls to 3 billion tokens. Repurchased tokens and tokens burned from reserves serve different roles: the former are all distributed to veASTER stakers, while the latter reduce supply. “Repurchase” should not be directly equated with “the repurchased tokens themselves are burned.”

Question 8

What is the difference between Aster's Professional Mode and Simple Mode?

Accepted Answer

Professional Mode is for users who need an order-book interface and advanced trading tools; Simple Mode emphasizes a more streamlined, one-click on-chain perpetual-trading experience. They are different trading interfaces or paths for accessing the same platform services. The two modes are not two different tokens, and choosing a mode does not change the distinction between ASTER itself and a perpetual position.

Question 9

What is the difference between ASTER, perpetual positions, spot assets, and Earn products?

Accepted Answer

ASTER is a platform token; a perpetual position is price exposure created through a contract; a spot asset is the corresponding asset actually obtained after a trade; and an Earn product has separate participation and settlement rules. The four cannot substitute for one another. For example, holding ASTER does not automatically establish a perpetual position or mean that a user has participated in an Earn product. Before each operation, users should confirm whether they are receiving a token, spot asset, contract position, or product share.

Question 10

Who is the ASTER airdrop allocation for, and how are unclaimed tokens handled?

Accepted Answer

The airdrop category represents 53.5% of ASTER's maximum supply and is intended to incentivize traders, community builders, and key ecosystem participants. Of this, 8.8% of total supply, or 704 million tokens, is planned to unlock immediately at TGE for participants eligible under the Aster Spectra and Aster Gems reward programs. Unclaimed ASTER does not automatically convert into other categories; instead, it returns to the airdrop and community-rewards allocation for subsequent community distribution. The remaining airdrop allocation remains subject to future protocol-governance adjustments.

Question 11

What is the status and purpose of ASTER's treasury allocation?

Accepted Answer

The treasury represents 7% of maximum supply, or 560 million tokens, and is positioned as a resource for future strategic growth, operational reserves, and governance arrangements. It will not enter circulation after TGE and may be used only through governance-approved mechanisms. Therefore, the treasury allocation is not immediately tradable supply, nor is it equivalent to expenditure already incurred by the platform. Whether, when, and how it is used depend on arrangements approved through subsequent governance.

Question 12

What changes occurred in the ecosystem and community allocation and APX upgrade mechanism?

Accepted Answer

The ecosystem and community allocation represents 30% and includes APX upgrade allocations, liquidity bootstrapping, ecosystem partnerships, staking rewards, and grants. Eligible APX holders and stakers may convert APX to ASTER during the specified conversion period, and the conversion ratio declines over time. Within this category, the portion other than APX-to-ASTER conversions was previously released linearly over 20 months; linear release operated for four months from October 2025 through January 2026 and was then replaced by a staking-emissions model. The current active use of this portion is staking rewards.

Aster (ASTER) Price