Aster announces an increase in the ASTER Buyback and Burn Ratio to 198%

BlockBeats News, June 17, Aster 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 fee will be used to buy back ASTER, while an equivalent amount of ASTER will be burned from the reserve, meaning a buyback-to-burn 1:1 matching.

Aster stated that the bought back ASTER will be distributed to stakers. In each epoch, the buyback amount will be added to the loyalty reward, which consists of a base reward of 300,000 ASTER plus the buyback amount, and distributed according to the veASTER staking weight. The burn will primarily come from the team's allocation. The initial total supply of ASTER is 8,000,000,000 tokens, and the burn will continue until the total supply reaches 3,000,000,000 tokens.

Aster mentioned that the buyback will be automatically executed daily via TWAP and settled on-chain, with both the buyback and burn being publicly verifiable. Furthermore, every permissionless listing project on Aster Spot will be required to pay a 50,000 USDT fee, which will be used for additional ASTER buyback and allocated as extra staking rewards.