Aster announces that the proportion of ASTER buyback and burn has increased to 198%

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BlockBeats News, June 17 — Aster announced an update to the ASTER tokenomics model, increasing the buyback and burn ratio to 198%. Starting from 12:00 UTC today, 99% of Aster's daily platform fees will be used to buy back ASTER, while an equivalent amount of ASTER will be burned from reserves, matching the buyback quantity 1:1.

Aster stated that the ASTER obtained from buybacks will be distributed to stakers. In each epoch, the buyback amount will be added to loyalty rewards, which consist of a base reward of 300,000 ASTER plus the buyback amount, distributed according to veASTER staking weight. The burns will prioritize the team allocation portion. The initial total supply of ASTER is 8,000,000,000 tokens, and the burn will continue until the total supply drops to 3,000,000,000 tokens.

Aster said that buybacks will be executed automatically on-chain daily through TWAP, and both buyback and burn processes will be publicly verifiable. Additionally, each permissionless listing project on Aster Spot must pay a fee of 50,000 USDT, which will be used for additional ASTER buybacks and distributed as extra staking rewards.

ASTER20.71%
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