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Aster DEX switches to staking-only token emissions
The Block·
Aster, a decentralized exchange (DEX) supported by Binance founder Changpeng Zhao, is shifting its token emission model to a staking-only approach. This strategic change aims to significantly reduce the monthly circulation of its native ASTER token by approximately 97%. Previously, the platform released nearly 80 million ASTER tokens monthly on a linear schedule. The new model will release tokens primarily as staking rewards, drastically cutting down the monthly influx to an estimated 1.8 million to 2.25 million ASTER. This move, combined with a planned token buyback program, is intended to make ASTER a deflationary asset and address community concerns about token dilution.
Tags
fintech
crypto
regulation
Original Source
The Block — theblock.co