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Aster to Execute All S3 Token Buybacks On-Chain with Direct Airdrops

Aster to Execute All S3 Token Buybacks On-Chain with Direct Airdrops

Aster confirms its on-chain buyback plan will use 70–80% of daily S3 trading fees over 35 days, concluding November 9, followed by airdrops from the buyback address.

Fact Check
The assessment is based on strong, consistent evidence from multiple sources that directly support both claims in the statement. The first claim, that 'All S3 token buybacks by Aster will be executed on-chain,' is explicitly confirmed by several independent news outlets, including PANews, Phemex News, Coinnewsspan, and Ainvest. These sources use unambiguous language such as 'all... will be executed on-chain,' 'entirely on-chain,' 'executed fully on-chain,' and having 'full on-chain transparency.' The second claim, that the buybacks 'will involve direct airdrops,' is directly supported by the most authoritative primary source, Aster's official X (Twitter) account. This source confirms that the airdropped tokens will be distributed 'directly from the buyback address,' which is a clear description of a direct airdrop linked to the buyback. This is further corroborated by other sources. There is no conflicting evidence among the relevant provided materials. The high relevance and consistency across both primary and secondary sources provide a high degree of confidence in the statement's truthfulness.
Summary

In an official statement on Oct. 30, Aster announced that its S3 token buyback is fully transparent and 100% on-chain, with daily purchases using 70–80% of trading fee revenue. The S3 phase will last 35 days, ending November 9, after which airdrops will be issued from the buyback address. The company reiterated its commitment to public market operations and full disclosure of buyback-related activities.

Terms & Concepts
  • On-chain buyback: A process where token repurchases are executed directly on the blockchain for transparency and verifiability.
  • Token buyback: An initiative where a project repurchases its own tokens from the market, potentially to reduce supply or support prices.