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Aster Announces Token Generation Event and Genesis Phase 2 Launch

Aster Announces Token Generation Event and Genesis Phase 2 Launch

Aster confirms its ASTER token launch on BNB Chain with a 704 million token airdrop, introducing new scoring metrics to enhance user engagement and protocol participation.

BNB

Fact Check
The evidence, which is a post from the official Aster X account (@Aster_DEX), explicitly announces two major milestones: the '$ASTER Token Generation Event (TGE)' and the 'Aster Genesis: Stage 2 program'. This directly corroborates the statement.
    Reference: 1
Summary

Aster, a decentralized perpetuals exchange backed by YZi Labs, announced its ASTER token launch for September 17, 2025, with a 704 million token airdrop representing 8.8% of total supply. Stage 2 of Aster Genesis introduces a multi-factor scoring system measuring trading volume, holding time, realized profit and loss, and referrals. ASTER will operate on BNB Chain with a maximum supply of 8 billion tokens, over half allocated to community incentives. Token utilities include governance rights, trading fee discounts, and protocol revenue–funded buybacks. The announcement was made as part of the project’s official release.

Terms & Concepts
  • Airdrop: A distribution of free cryptocurrency tokens to users, often to promote a project or reward early participation.
  • BNB Chain: A blockchain network developed by Binance that supports smart contracts and decentralized applications, commonly used for token launches.
  • Governance Token: A type of token that gives holders voting rights in the decision-making processes of a blockchain protocol.