Aster disclosed that over the past 2 weeks, it repurchased 2721700 tokens ASTER and burned an equivalent amount of team tokens
BIBIBI
AT A GLANCE
Aster stated that it repurchased 2 tokens over 2721700 weeks ASTER and burned an equivalent amount of tokens from the team allocation.
Article
Aster over the past 2 week repurchased 2721700 tokens ASTER, and burned an equivalent amount of tokens from the team allocation.
PANews October 19 reported that Aster disclosed on X that, from October 5 at 0 to 19 at 0(UTC), the platform will use 99%of daily fees for buybacks, cumulatively purchasing 2721700 tokens ASTER for stakers, and burn an equivalent amount of ASTER from the team allocation. Since June 17 upgraded its tokenomics model, approximately 32307900 tokens ASTER have been cumulatively burned; across all burn programs, approximately 210000000 tokens ASTER have been burned. Aster stated that, as of October 19, the estimated annualized staking yield for locking 26 weeks is 4.53%, while the estimated annualized yield for the maximum lock-up period of 208 weeks is 24.8%. Both yields are subject to change.
PANews said that Aster disclosed buyback, burn, and staking yield information on X.
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The statistical period is from October 5 at 0 to October 19 at 0(UTC）。
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Aster stated that the platform used 99%of daily fees for buybacks, cumulatively purchasing 2721700 tokens ASTER for stakers.
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Aster stated that it burned an amount equal to the repurchased quantity from the team allocation ASTER。
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Aster stated that, since June 17 upgrading its tokenomics model, it has cumulatively burned approximately 32307900 tokens ASTER; all burn programs combined have burned approximately 210000000 tokens ASTER。
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Aster stated that, as of October 19, the estimated annualized staking yield for a 26-week lock-up is 4.53%, while the estimated annualized yield for a 208-week lock-up is 24.8%, and both yields are subject to change.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A buyback is when the platform uses fees to purchase ASTER; the tokens purchased in this instance are for stakers. Meanwhile, Aster stated that it burned an equivalent amount of tokens from the team allocation. The annualized staking yield shown is only an estimate, not a fixed return.
Why it matters to readers
These figures reflect Aster's disclosed use of fees, burns from the team allocation, and staking yields for different lock-up periods, and are important information for assessing ASTER token arrangements.
Beginners should distinguish between “made available to stakers after buybacks” and “burned from the team allocation”: they do not represent the same treatment of the same batch of tokens; estimated annualized yields may also change.
Risks and unknowns
The evidence does not provide a link to Aster's original X post, so the original disclosure cannot be directly verified on this basis.
The evidence does not provide on-chain records, so it is not possible to independently verify whether the buyback and burn were completed.
Estimated annualized staking yields are subject to change, and future actual returns cannot be confirmed.
The evidence does not explain the actual effect of the buyback, burn, and staking arrangements on ASTER circulating supply or market performance.
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Related concepts
Buyback
This term is not in the glossary yet. Browse related concepts in the glossary.
