Crypto
Aster revamps tokenomics, allocates 99 percent of daily fees to ASTER buybacks
Decentralised exchange Aster announced an overhaul of its ASTER token economy. The plan centres on automatically using 99 percent of daily platform fees to buy ASTER. An amount equal to the purchased tokens will be burned every two weeks, starting with team allocations, with team holdings burned first until total supply reaches 3 billion tokens. Purchased ASTER will be distributed to veASTER stakers as royalty rewards in proportion to their locked amounts. A 50,000 USDT token listing fee on Aster Spot will also fund ASTER buybacks for additional staking rewards.