BlockBeats News, June 17th, Aster announced an update to the ASTER tokenomics, increasing the buyback and burn ratio to 198%. Starting from today at 12:00 UTC, 99% of Aster's daily platform fee will be used to buy back ASTER, simultaneously burning an equivalent amount of ASTER from the reserves, resulting in a 1:1 match between buyback and burn.

Aster stated that the bought-back ASTER will be distributed to stakers. Each epoch, the buyback amount will be added to the Loyalty Rewards, which consists of a base reward of 300,000 ASTER plus the buyback amount, distributed based on veASTER staking weight. The burn will primarily come from the team allocation. The initial total token supply of ASTER is 8,000,000,000 tokens, and the burn will continue until the total supply reaches 3,000,000,000 tokens.

Aster mentioned that the buyback will be automatically executed daily via TWAP and settled on-chain, with both the buyback and burn being publicly verifiable. Furthermore, every permissionless listing project on Aster Spot will be required to pay a 50,000 USDT fee, which will be used for additional ASTER buyback and distributed as extra staking rewards.