Aster Updates ASTER Token Economics, Buyback and Burn Ratio Increased to 198%

Odaily reports Aster announced an update to its ASTER token economics, 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 buy back ASTER, while an equal amount will be burned from reserves, matching the buyback quantity at a 1:1 ratio.

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

Aster noted that the buyback will be executed automatically on a daily basis via TWAP and settled on-chain, with both the buyback and burn being publicly verifiable. Additionally, each permissionless token listing project on Aster Spot will be required to pay a fee of 50,000 USDT, which will be used for additional ASTER buybacks and distributed as extra staking rewards.