Aster said it has completed the first buyback-and-burn operation under its upgraded tokenomics model, with the related data verifiable on-chain. According to Foresight News, as of June 29, 8:00 AM (UTC+8), starting June 17, the platform allocated 99% of daily fees to buybacks.
Aster said it repurchased nearly 2.937 million ASTER and distributed the tokens to stakers, while burning an equal amount—nearly 2.937 million ASTER—from the team allocation.
Previously, Aster announced it would raise its combined buyback-and-burn ratio to 198%, meaning it would match the buyback amount with a 1:1 burn from the team-allocated ASTER. It also said the buybacks are executed daily via TWAP, settled on-chain, and that both buyback and burn data can be publicly verified.
Aster Completes First Buyback and Burn Under Upgraded Tokenomics Model
2026-06-29 09:03:54
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