What is Aster Coin? Features and Usage Guide

Source: BTCHaber Original Title: What is Aster coin? Original Link: https://www.btchaber.com/aster-coin-nedir/

Overview of Aster Coin

Aster Coin is the native cryptocurrency of the Aster ecosystem. Aster is a decentralized exchange that allows users to trade cryptocurrencies on-chain and incorporates multiple reward models.

Perpetual contracts and spot trading are available on Aster. In the reward model, users can use income-generating assets as collateral. This way, when these assets are used in various transactions, the collateral providers can earn passive income.

Trading Modes

Simple Mode (1001x)

Through the so-called “1001x” simple mode, users can execute leveraged trading with one click. The name of this mode comes from its offering of up to 1001 times leverage on specific assets.

Professional Mode

Professional mode provides an advanced order book-based trading interface for perpetual contracts.

How Aster Works

Aster, as a decentralized exchange, offers multiple functions on a single platform.

Simple Mode is based on a shared liquidity pool model. ALP token issuers contribute funds to the liquidity pool to act as liquidity providers. To ensure system transparency and prevent price manipulation, the system uses decentralized oracles.

Professional Mode operates based on an order book system. Orders that add liquidity but are not immediately executed are called “pending orders,” while orders that are matched and executed immediately are called “market orders.”

Professional mode offers two different order types:

• Hidden Orders: The trading size and assets used are not visible in the order book before the order is executed, aiming to minimize market impact.
• Grid Trading: Executes multiple limit orders within a preset price range, aiming to profit from market fluctuations.

Uses of ASTER Coin

Aster Coin is the fundamental cryptocurrency used within the ecosystem, serving as a utility token. Users can use ASTER to pay for transaction fees.

On the Rocket Launch project discovery platform, users need to hold at least 100 ASTER to participate in new projects. Additionally, during airdrops, users holding ASTER in their wallets can earn extra points.

Token Distribution

The maximum supply of Aster Coin is 8 billion tokens, allocated as follows:

• Airdrops: 53.5%
• Ecosystem and Community: 30%
• Treasury: 7%
• Team: 5%
• Liquidity and Listing: 4.5%

How to Buy ASTER Coin

First, you need to create an account on a cryptocurrency exchange and complete the identity verification process. You must have a balance in your account before purchasing. If you have no balance, you can choose payment methods such as bank transfer or credit card. After depositing, you can buy the desired amount of assets.

Basic steps to purchase ASTER Coin:

1. On the exchange homepage, click “Buy/Sell” or “Market” option at the top, and search for ASTER.
2. Click the “Buy” button on the purchase page to start trading.
3. Enter the amount of ASTER you want to buy with fiat currency, and confirm the transaction.
4. Click the “Buy” button again to confirm; the transaction will be executed immediately, and assets will be transferred to your account shortly.

Disclaimer: This article does not constitute investment advice or recommendations. All investment and trading activities carry risks, and readers should conduct their own research before making decisions.