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

Odaily reports that Aster has announced an update to the ASTER tokenomics, increasing the buyback and burn ratio to 198%. Starting from today at 12:00 UTC, 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 repurchased quantity on a 1:1 basis.

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. These rewards will be distributed based on the veASTER lock-up weighting. The burns will prioritize tokens from the team allocation. The initial total supply of ASTER is 8,000,000,000 tokens, and burning will continue until the total supply is reduced to 3,000,000,000 tokens.

Aster stated that the buybacks will be executed automatically daily via TWAP and settled on-chain, with both the buybacks and burns being 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.