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Perps exchange Aster to launch native ASTER token with 704M airdrop

Perps exchange Aster to launch native ASTER token with 704M airdrop

Photo: Aster DEX

Aster’s TGE marks Stage 2 of its Genesis program, introducing new reward mechanics and a community-first token model

Aster, a decentralized perpetuals exchange backed by YZi Labs, will launch its ASTER token on September 17 with a 704 million token airdrop, equal to 8.8% of total supply.

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The launch kicks off Stage 2 of Aster Genesis, adding a multi-factor scoring system that rewards trading volume, holding time, realized P&L, and referrals.

ASTER will run on BNB Chain with a max supply of 8 billion, over half reserved for community incentives. Utilities include governance, trading fee discounts, and buybacks funded by protocol revenue.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.