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Aster DEX Completes S3 Buyback of Over 55 Million ASTER Tokens

Aster has concluded its S3 buyback, with half of the repurchased tokens set for burning and the rest reserved for future airdrops, reducing ASTER supply by 1%.

Summary

Aster DEX announced the completion of its S3 buyback program totaling 55,720,650 ASTER tokens, bringing cumulative buybacks to 155,720,656 ASTER. Of the repurchased tokens, 77.8 million will be burned on December 5, cutting total supply by 1%, while the remainder will be allocated to future airdrops. This official disclosure marks a notable supply reduction ahead of the planned S4 buyback starting December 10, which will be funded primarily through fee revenue.

Terms & Concepts
  • DEX (Decentralized Exchange): A cryptocurrency exchange that operates without a central authority, using smart contracts to facilitate trades directly between users.
  • Token Buyback: A process where a project repurchases its own tokens from the market, often to reduce supply or support token value.
  • Airdrop: A distribution of cryptocurrency tokens to multiple wallet addresses, often used for promotional purposes or rewarding community members.