Aster upgrades its token economic model, increasing the buyback and burn ratio to 198%

Aster announced an update to the ASTER token economic model, increasing the buyback and burn ratio to 198%. Starting from today at 20:00 (UTC+8), 99% of Aster's daily platform fees will be used to buy back $ASTER. At the same time, an equivalent amount of $ASTER will be burned from the reserves, with the buyback and burn ratio being 1:1.

The repurchased $ASTER will be allocated to stakers. Each epoch, these $ASTER will be added to the loyalty rewards (300,000 $ASTER base reward plus the buyback amount) and distributed to veASTER based on locking weight. The burn will be prioritized for the team. The initial supply of $ASTER is 8 billion tokens. The burn will continue until the total supply is reduced to 3 billion tokens. The buyback will automatically run daily through TWAP and settle on-chain, with both buyback and burn being publicly verifiable. In addition, each permissionless listing project on Aster Spot must pay a fee of 50,000 USDT, which will be used for additional buybacks of ASTER and distributed as extra staking rewards.