sam_dev 
The decentralized trading platform Aster has officially completed its first buyback and token burn since implementing its new tokenomics model. This move marks the beginning of a strategy to sustainably reduce the supply of ASTER while increasing long-term value for holders and staking participants.
According to Aster’s announcement, all data from the buyback and token burn program has been recorded on the blockchain and can be publicly verified. As of 08:00 on June 29, the platform stated that since June 17, they have used 99% of the daily transaction fee revenue to conduct the ASTER buyback program on the market.
During this period, Aster bought back nearly 2.937 million ASTER. The purchased tokens will be distributed to staking participants on the platform to increase community rewards.
Alongside the buyback activity, the development team also burned nearly 2.937 million ASTER from the tokens allocated to the team itself. This means that the total number of tokens removed from circulation has increased significantly without affecting the tokens of investors in the market.
Aster Increases Buyback and Burn Rate to 198%
This buyback and token burn was implemented according to the new tokenomics model that Aster announced earlier. The most notable point is that the platform has increased the buyback and burn rate to 198%.
This mechanism operates on a fairly simple principle: for every 1 ASTER bought back from the market, the project team will burn an additional 1 ASTER from its allocated tokens. Thus, the total amount of tokens affected will be equivalent to 198% of the buyback value, with 99% coming from transaction fee revenue used to buy tokens and the remainder from the team’s tokens burned at a 1:1 ratio.
According to Aster, the entire buyback process will be automatically executed daily through the TWAP (Time-Weighted Average Price) mechanism. This method breaks down purchase orders over multiple time periods to reduce market price impact and limit strong volatility when trading large volumes.
Once completed, all buyback and token burn data will be directly recorded on the blockchain, allowing anyone to check and verify transparently.
