PANews, June 17 – Aster announced an update to the ASTER token economic model, increasing the buyback and burn ratio to 198%. Starting today at 20:00 (UTC+8), 99% of Aster’s daily platform fees will be used to buy back $ASTER. At the same time, an equivalent amount of $ASTER will be burned from the reserves, with a 1:1 ratio between buyback and burn amounts.

The repurchased $ASTER will be distributed to stakers. Each epoch, these $ASTER will be added to the loyalty rewards (300,000 $ASTER base reward plus the buyback amount) and distributed to veASTER based on lock weight. Burns will be allocated to the team first. The initial supply of $ASTER is 8 billion tokens. Burns will continue until the total supply is reduced to 3 billion tokens. Buybacks will be executed automatically daily via TWAP and settled on-chain, with both buybacks and burns publicly verifiable. Additionally, each permissionless token listing project on Aster Spot is required to pay a 50,000 USDT fee, which will be used for additional ASTER buybacks and distributed as extra staking rewards.