Aster launches new buyback program, directing up to 80% of daily fees to $ASTER purchases
Aster’s new buyback plan redirects up to 80% of platform fees to support $ASTER price and reduce circulating supply.
Aster DEX will launch its Stage 5 buyback program on Dec 23, allocating up to 80% of daily fees to $ASTER, the platform’s native token.
The decentralized exchange will direct 40% of daily fees toward automatic buybacks of $ASTER. An additional 20% to 40% will be held in a strategic reserve, allowing the team to execute targeted buybacks based on market conditions.
The program marks the fifth stage of Aster DEX’s buyback initiative. $ASTER currently has a market capitalization of $1.6 billion, according to CoinGecko data.