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Aster Launches BAYUSDT Perpetual Contract With $50,000 Reward Pool

According to Aster, BAYUSDT perpetual contracts begin trading on April 8, with a $50,000 ASTER incentive campaign running through April 15 and rewards tied to trading fee share.

Summary

In an official announcement, Aster said it will list Marina Protocol (BAY) perpetual contracts under the BAYUSDT pair and launch a $50,000 ASTER reward pool. Trading is scheduled to start on April 8 at 20:00 UTC+8, and the campaign will run until April 15 at 22:00 UTC+8. According to the announcement, rewards will be distributed based on trading fee share, with a 3% cap applied to each user.

Terms & Concepts
  • Perpetual contract: A crypto derivatives product with no expiration date, allowing traders to keep positions open as long as margin requirements are met.
  • Trading fee share: A reward allocation method that distributes incentives based on the proportion of trading fees generated by each participant.
  • Reward pool: A set amount of tokens or funds reserved for distribution to eligible users during a campaign or platform event.