Aster Burns 2.937M ASTER in First Buyback-Burn Under Revamped Tokenomics
AI Market Summary
Aster completed its first buyback-and-burn under the upgraded tokenomics model, using 99% of daily fees to buy back ~2.937M ASTER for staker distribution while burning an equal ~2.937M ASTER from team allocation. The announced 198% buyback-and-burn ratio reinforces a stronger supply-offset mechanism and aligns incentives, with TWAP-based daily execution and onchain-verifiable transparency supporting near-term sentiment.
Impact level
● Low
Affected assets
ASTER/USDT+0.02%
AI Insight · ASTER/USDTAI Insight
▲ Bullish
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Aster said it has completed the first buyback-and-burn cycle under its upgraded tokenomics model, with results verifiable on-chain.
According to ME News, the platform reported that as of 08:00 on June 29 (UTC+8), it had directed 99% of daily transaction fees since June 17 to token repurchases. Over that period, Aster bought about 2.937 million ASTER and distributed the purchased tokens to stakers. At the same time, it burned an equivalent ~2.937 million ASTER from the team allocation.
Foresight News previously reported that Aster raised its buyback-and-burn ratio to 198%, meaning that for every ASTER repurchased, an equal amount of ASTER from the team allocation is burned. Buybacks are executed automatically each day via TWAP and settled on-chain, with all buyback and burn records publicly available.
