Aster unveils 198% buyback and burn; ASTER price surges

Aster overhauled tokenomics: 99% of fees go to ASTER buybacks and matching burns, targeting a supply cut from 8B to 3B. Buybacks reward stakers. ASTER price surged 12% after the news.

Aster has introduced a significant overhaul of its ASTER tokenomics, increasing the buyback-and-burn ratio to 198%. Starting June 17, 99% of daily platform fees are allocated to buy back ASTER tokens, while an equal amount is burned from reserves. This initiative aims to reduce the total supply from 8 billion to 3 billion tokens. Tokens acquired through buybacks are distributed to stakers as loyalty rewards, which now consist of a base 300,000 ASTER plus the buyback amount, allocated according to veASTER lock-up weight. Token burns will prioritize the team allocation. Additionally, each permissionless Aster Spot listing now incurs a 50,000 USDT fee, used for further ASTER buybacks and distributed as extra staking rewards. All buyback and burn processes are automated, settled on-chain, and publicly verifiable. Following the announcement, ASTER's price surged over 12%, with trading volume approaching $200 million, highlighting strong market support for these aggressive supply reduction measures.