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ASTER's token economics, a "gentle sword" delayed until 2035
ASTER's token unlock schedule, a careful look reveals it's quite interesting. The data is here: 60% unlocked directly by 2035, which is still nine years away. This hand is played so well that it takes the concept of "trading time for space" to the extreme.
Unsurprisingly, this follows the same old path as UNI back in the day. Locking major funds tightly for nine years means the future operations team’s development, promotion, and funding all rely on this huge "reserve" in 2035. This creates a very bizarre narrative paradox: according to normal Web3 routines, after nine years of operation, the ecosystem should mature, and the token should enter a deflationary and upward phase; but for ASTER, the era that should be deflationary by 2035 has been forcibly turned into an era of massive selling pressure.
Just thinking about that scene is quite darkly humorous: those who held for ten years, endured the long cycle, finally look forward to 2035, only to find that what they get isn’t ecosystem dividends, but continuous selling pressure from the team dumping, causing the price to drop lower and lower—who can stand that?
But everything has two sides. This design has a huge advantage in the current context: in the next nine years, unlocking with almost zero pressure.
Currently, over 30% of the circulating supply has been unlocked, and in the long nine-year period ahead, only a few percentage points will be released. These small shares of tokens, in today’s market, with some hype and capital, can be easily absorbed, posing no substantial dumping threat.
Since there’s no short-term worry, the pricing logic during these nine years becomes extremely simple and brutal—it's all about performance.
If the project’s performance takes off during these nine years, with limited circulating tokens, the price can rise easily like drinking water, creating a win-win situation; but what if performance falters? Although the lack of large unlocks means minimal selling pressure, it essentially just delays the "death time" until 2035. This design is like giving the project a nine-year "indefinite reprieve," pushing all potential liquidity crises into the future.
In summary, ASTER’s token model is a very clever "scumbag" design: in the short term, you don’t need to worry about it crashing the price, but in the long term, it’s destined to do so. For traders, the next few years are indeed a good gamble without upper selling pressure constraints; but when it comes to long-term faith, this Damocles sword hanging over 2035 will ultimately fall. $ASTER