ASTER Accelerates Phase 4 Buyback Amid Market Volatility
According to ASTER, its Phase 4 token buyback will now proceed at $4M daily from December 8, ensuring faster on-chain allocation of accumulated fees since November 10.
Summary
ASTER announced it will increase its Phase 4 $ASTER token buybacks to approximately $4 million per day starting December 8, up from $3 million previously. The acceleration aims to quickly deploy fees accumulated since November 10, with daily buybacks set at 60–90% of prior-day revenue until Phase 4 concludes. This official move underscores ASTER’s commitment to supporting token holders and enhancing market stability.
Terms & Concepts
- Buyback: The repurchase of tokens or shares by the issuing entity, often to support price or reduce supply.
- Wallet Address: A unique identifier in blockchain used to send and receive cryptocurrency transactions.