Aster: 8.8% of the tokens will be unlocked and distributed at TGE, and part of the protocol revenue will be used for buybacks

BlockBeats News, September 8th, Decentralized exchange platform Aster updated its tokenomics information, with a maximum token supply of 8 billion. 8.8% (704 million ASTER) of the tokens will be immediately unlocked on the TGE day and distributed to users who have acquired Rh or Au points in the incentive program.

In addition, APX holders can convert APX-held assets (including staking positions) to ASTER during a specified redemption period, but the exchange rate will decrease over time.

Furthermore, the team stated that a portion of protocol revenue will be used for foundation allocation and buyback for governance reward distribution. Future utilities of ASTER include spot/perpetual contract trading fee discounts, governance, etc.