@9mmsmg no shit, it's the best deal for him. He can't provide the jobs and infrastructure for the mass population so export them to others to make it their problem. Plus they send money back home to the country boosting their revenues.
Aster is doing $1M to $7M daily revenue and recycling 99 percent of that into buybacks, while matching it with burns from reserves.
At $2B mcap, even $3Mโ$5M daily sustained revenue becomes serious.
$3 = realistic repricing
$6+ = narrative catches fire
$11 ๐ jet engine if revenues increase.
Lets see
[Tokenomics Update] $ASTER Buyback and Burn Steps Up to 198%
Aster is upgrading its buyback so the platform's own activity both rewards stakers and sets $ASTER on a deflationary path.
Starting from 12:00 PM UTC today, 99% of Aster's daily platform fees buy back $ASTER. An equal amount of $ASTER is burned from reserve, matching the buyback one for one.
The bought-back $ASTER goes to stakers. Each epoch it is added to Loyalty Rewards (300K $ASTER base, plus the buyback amount), distributed to veASTER by lock weight.
The burn takes team allocation first. $ASTER launched with a total supply of 8,000,000,000. The burn continues until total supply reaches 3,000,000,000.
Buybacks run automatically via TWAP across each day and settle on-chain. The buyback and the burn are both public and verifiable:
- Buyback wallet: 0xa0edBaBcb48034e368de286b49F9603C7AfA1b60
Every permissionless listing on Aster Spot pays a 50,000 USDT fee, used to buy back $ASTER as extra staking rewards.
- Listing fee wallet: 0x39C473f4420e4ae9Ab3fe9e7ceDFc08F9684bB1a
Docs: https://t.co/NU0NXQPPch
@angelapippos Back then the government at the time actually took care of the citizens over the immigrants. Your grandparents didn't get the red carpet rolled out for them and the xenophobia back than was even worse.
@FreedomAus80100 the thing is the Australian carefree easygoing attitude has brought us here. Politicians with their back dealing has robbed us blind since the 70s and no one dared ask any questions or push back and now we all face the consequences. Lee Kuan Yew was right about Australia.
@01CuriousGeorge They should differentiate themselves and call out their immigrant brethrens as much as possible. Shame their people to either stay put or make a change for the better.