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

Odaily reports that Aster has announced an update to the ASTER token economic 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 the reserve, matching the buyback quantity on a 1:1 basis.

Aster stated that the ASTER tokens acquired through the buyback 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, and will be distributed based on the veASTER lock-up weight. The burn will primarily come from the team allocation portion. The initial total supply of ASTER is 8,000,000,000 tokens, and the burning will continue until the total supply is reduced to 3,000,000,000 tokens.

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