Home Aster Launches Fee-funded Buybacks & Token Burns

Aster Launches Fee-funded Buybacks & Token Burns

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Aster Launches Fee-funded Buybacks & Token Burns
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Aster, a decentralized trading platform, has launched a big change to its tokenomics. Now, platform revenue is directly tied to rewards for token holders. The new system, which started on June 17, features automatic buybacks using platform fees, better staking rewards, and a burn process to lower the total ASTER supply over time.

With the new model, 99% of daily platform fees will go toward buying ASTER tokens from the open market. These tokens will be given to veASTER stakers along with their usual rewards. At the same time, the same number of tokens will be burned from protocol reserves, starting with tokens that were set aside for the team.

The burn program’s goal is to slowly bring the total supply down to 3 billion ASTER tokens. More buybacks will be funded by fees from new token listings on the platform.

Investors liked the news, and ASTER rose almost 16% in 24 hours and over 24% in the past week. Supporters think the new setup could better connect platform growth with token value.

Still, the long-term effects will depend on things like trading activity, protocol revenue, governance choices, and the wider market. For now, this upgrade is one of the boldest tokenomics changes in DeFi this year.

 

 

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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