Aster: 8.8% of tokens will be unlocked and distributed at TGE, with part of protocol revenue used for buybacks
BlockBeats News, on September 8, decentralized trading platform Aster updated its tokenomics information, stating that the maximum token supply is 8 billion. 8.8% (704 million ASTER) tokens will be unlocked immediately on the TGE day and distributed to users who earned Rh or Au points during the points campaign.
In addition, APX holders can convert their APX assets (including staked positions) into ASTER within a designated redemption period, but the conversion rate will decrease over time.
At the same time, the team stated that part of the protocol revenue will be used for foundation allocation and governance reward buybacks. The future utilities of ASTER include spot/perpetual contract trading fee discounts, governance, and more.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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