Aster sets 198% ASTER buyback-and-burn plan after Binance-linked transfer

Aster on June 17 outlined a new tokenomics model that routes 99% of platform fees into automatic daily ASTER buybacks and pairs each purchase with an equal burn from reserves, which it describes as a 198% buyback-and-burn ratio. Bought-back tokens are to be distributed to veASTER stakers as royalty rewards alongside a base reward of 300,000 ASTER each epoch, while burns will run every two weeks and prioritize the team allocation. Aster said the program is intended to reduce total supply to 3 billion tokens from about 7.82 billion, implying roughly 5 billion tokens could eventually be burned depending on future DEX activity, and that a 50,000 USDT fee on permissionless spot listings will also feed additional buybacks. On June 18, FlashRescue co-founder @DarcyAri said on X that an intermediary address downstream from Aster Treasury transferred 12.91 million ASTER, valued at about $8.75 million, to a Binance-tagged address; the post did not state the purpose of the transfer.