Event Background and Execution Details
Aster announced via Twitter on June 29 that its first buyback and burn operation under the upgraded tokenomics model has been successfully completed, with relevant data verifiable on-chain. The operation began on June 17, with the platform using 99% of daily trading fees for buybacks. As of 08:00 UTC on June 29, the cumulative buyback amounted to approximately 2.937 million ASTER tokens, which were allocated to stakers as rewards. Simultaneously, the team burned an equal amount—2.937 million ASTER—from its allocation, achieving a 1:1 match between buyback and burn.
Tokenomics Upgrade and Future Plans
According to earlier reports from Foresight News, Aster has announced plans to raise the total buyback-and-burn ratio to 198%, meaning that for every token bought back, an equivalent amount is burned from the team allocation. The buyback is executed automatically on a daily basis using a TWAP (Time-Weighted Average Price) algorithm and settled on-chain, ensuring transparency and verifiability. This mechanism aims to create continuous deflationary pressure on the ASTER supply, reducing circulating tokens over time while incentivizing stakers to hold. The successful first execution marks the official implementation of Aster's new tokenomics model, and the market will monitor its subsequent deflationary effects and potential impact on token price.