Aster completes first token burn under new tokenomics, boosting ASTER value by 1.5%.

Aster, a decentralized exchange on BNB Chain, executed its first token burn under an upgraded tokenomics model, buying back about 2.9 million ASTER tokens for stakers and burning an equal amount from the team allocation. This move is part of a new structure where 99% of daily protocol fees are used for ASTER buybacks and burns, aiming to reduce total supply from 8 billion to 3 billion tokens. The buybacks are distributed to veASTER holders through a Loyalty Rewards program, with additional rewards included. This strategy supports token value by reducing supply and rewarding holders, with further buybacks funded by listing fees.