We've officially launched @cryptocom Pay, allowing eligible UAE residents to book using the digital payment solution on our website and app. https://t.co/F7ZiTjUPua
< $ASTER burns are continuing. But does it matter? >
Aster is targeting a supply reduction from 8 billion to 3 billion tokens. That means roughly 5 billion tokens need to be burned over time.
So far across all programs, ~184 million ASTER have been burned.
With the updated mechanism (since June 17th), exactly 3,084,000 tokens were bought back and burned in the last 14 days (June 29 to July 13). That's an average of ~220K ASTER burned per day.
At this steady pace, burning the remaining amount would take around 60 years. 🫠
Of course the burn rate is entirely tied to the fees the platform generates. As volume and open interest grow, daily fee revenue increases, and so does the buyback and burn amount. That's if the platform manages to achieve that growth.
Quick breakdown of scenarios:
>At current pace: Very long time
>If volume triples or quadruples: Down to 15-20 years
>If real strong growth is achieved (Hyperliquid-like momentum): Meaningful progress possible within 7-12 years
Worth noting that back in March they cut emissions by 97%. That has significantly reduced new token supply coming in. So supply is being squeezed from both sides while existing revenue is used to buy and burn.
I think the mechanism is solid but growth is the real variable. Tracking volume and OI is the most critical thing here. Current pace isn't enough for me. If platform usage picks up I might reconsider.
[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
Pre-orders for Grand Theft Auto VI will officially begin on June 25 on digital storefronts and at other select retailers.
Check out the official cover art, also available as downloadable artwork at https://t.co/XPwC8URCQ4
HERE WE GO! Hemos enviado un fax al @FCBarcelona_es con nuestra oferta de traspaso: 4 entradas para el concierto de Bad Bunny de mañana, una suscripción anual al ABC y una bolsa de pipas. Esperamos ansiosos la respuesta para preparar el ‘announce’.