Aster adjusts the ASTER buyback and burn ratio to 99%

Deep Tide TechFlow News, June 17th, Aster announced an update to the ASTER tokenomics. Starting from 12:00 UTC today, 99% of the platform's daily transaction fees will be used to buy back ASTER, and an equivalent amount of ASTER will be burned from reserves on a 1:1 basis to enhance staking incentives and drive the token into a deflationary path.

According to the mechanism, the ASTER obtained from buybacks will be distributed to stakers and credited to the loyalty reward pool each cycle, with a base reward of 300k ASTER plus the current buyback amount, distributed based on veASTER locking weight.

The burned portion will be prioritized from the team allocation quota. The initial total supply of ASTER is 8 billion tokens, and burning will continue until the total supply drops to 3 billion tokens. Additionally, Aster stated that buybacks will be executed automatically daily via TWAP and settled on-chain, with buyback and burn records publicly verifiable. It was also disclosed that each permissionless listing on Aster Spot requires a fee of 50k USDT, which will also be used to buy back ASTER and serve as additional staking rewards.

ASTER11.63%
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