Aster, the largest derivatives platform on the BNB chain, just dropped some major news [celebration]
$ASTER has massively updated their tokenomics, ramping up the buyback and burn to a whopping 198%🔥
Starting today at UTC 12:00, the dual-track deflationary mechanism goes live:
1. The platform will use 99% of daily fees for buybacks of $ASTER on the secondary market, with the reserve pool simultaneously burning an equivalent amount of tokens, effectively reducing circulating supply with each buy and burn
2. All buyback tokens will be fully distributed to veASTER stakers, with a rewards pool consisting of a fixed base reward of 300,000 tokens plus daily buyback increments; the higher the platform trading volume, the greater the staking rewards
3. The burn will prioritize the team's share, with a long-term goal of reducing total supply from 8 billion to 3 billion tokens, locking in a deflationary ceiling
4. Utilizing TWAP for automated buybacks, the buyback wallet address will be publicly available on-chain, and all buyback and burn records can be verified in real-time
On top of that, there’s a permissionless spot listing for 50,000 USDT per transaction, which will additionally boost buybacks, all allocated as extra staking rewards
100% of the platform's revenue will flow back to holders, continuously compressing the total token supply, with the model's sincerity turned up to the max
$ASTER has massively updated their tokenomics, ramping up the buyback and burn to a whopping 198%🔥
Starting today at UTC 12:00, the dual-track deflationary mechanism goes live:
1. The platform will use 99% of daily fees for buybacks of $ASTER on the secondary market, with the reserve pool simultaneously burning an equivalent amount of tokens, effectively reducing circulating supply with each buy and burn
2. All buyback tokens will be fully distributed to veASTER stakers, with a rewards pool consisting of a fixed base reward of 300,000 tokens plus daily buyback increments; the higher the platform trading volume, the greater the staking rewards
3. The burn will prioritize the team's share, with a long-term goal of reducing total supply from 8 billion to 3 billion tokens, locking in a deflationary ceiling
4. Utilizing TWAP for automated buybacks, the buyback wallet address will be publicly available on-chain, and all buyback and burn records can be verified in real-time
On top of that, there’s a permissionless spot listing for 50,000 USDT per transaction, which will additionally boost buybacks, all allocated as extra staking rewards
100% of the platform's revenue will flow back to holders, continuously compressing the total token supply, with the model's sincerity turned up to the max
