Aster Raises ASTER Buyback-and-Burn Ratio to 198% in Updated Tokenomics

Aster announced an update to the ASTER tokenomics model, increasing its buyback-and-burn ratio to 198% and allocating 99% of daily platform fees to buy back ASTER starting from 8:00 PM. According to Foresight News, Aster will also burn an equal amount of ASTER from reserves, matching burns 1:1 with the buyback amount. ASTER bought back will be distributed to stakers. In each epoch, the buyback amount will be added to Loyalty Rewards, which consist of a base reward of 300,000 ASTER plus the buyback amount, and will be allocated based on veASTER lock-up weight. Aster said burns will prioritize tokens from the team allocation. ASTER’s initial total supply is 8,000,000,000 tokens, and burning will continue until total supply declines to 3,000,000,000 tokens. The buyback will be executed automatically each day via TWAP and settled on-chain, with both buybacks and burns publicly verifiable. Aster Spot will also require each permissionless listing project to pay a 50,000 USDT fee, which will be used for additional ASTER buybacks and distributed as additional staking rewards.