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Aster Updates the ASTER Token Economic Model, Increasing the Buyback and Burn Ratio to 198%
Svmuu News: Aster announced an update to the ASTER token economic model, increasing the buyback and burn ratio to 198%. Starting at 12:00 UTC today, 99% of Aster’s daily platform fees will be used to repurchase ASTER, while an equivalent amount of ASTER will be burned from the reserve—that is, the amount burned will match the repurchased amount on a 1:1 basis. Aster stated that the ASTER obtained through repurchases will be distributed to stakers. In each epoch, the repurchased amount will be added to the loyalty rewards, which consist of a base reward of 300,000 ASTER plus the repurchased amount, and will be distributed according to veASTER lock-up weights. Burn allocations will prioritize the team allocation portion. The initial total supply of ASTER is 8,000,000,000 tokens, and burn operations will continue until the total supply is reduced to 3,000,000,000 tokens. Aster states that buybacks will be executed automatically each day via TWAP and settled on-chain; both buybacks and burns are 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.
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