[DigitalToday reporter Chi-gyu Hwang] 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 from holdings. Team allocations will be burned first, and team holdings will be prioritised for burning until total supply reaches the target of 3 billion tokens.
Purchased ASTER will be distributed to veASTER staking participants as rewards for royalties, in proportion to their locked amounts.
A 50,000 USDT fee charged for permissionless token listings on Aster Spot will also be used for ASTER buybacks and tapped as an additional funding source for staking rewards.
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Chi-gyu Hwang
delight@d-today.co.kr