Aster announces an increase in ASTER buyback and destruction ratio to 198% BlockBeats News: On June 17th, Aster announced an update to the ASTER token economic model, increasing the repurchase and destruction ratio to 198%. Starting from 12:00 UTC today, 99% of Aster's daily platform handling fee will be used to repurchase ASTER, and an equal amount of ASTER will be destroyed from the reserve, matching the repurchase quantity 1:1. Aster stated that the ASTER obtained from the repurchase will be distributed to the pledger. In each epoch, the repurchase quantity will be added to the Loyalty Rewards, which consists of 300000 ASTER basic rewards plus repurchase quantity, and will be allocated according to the veASTER lock up weight. Destruction will be prioritized from the team's allocated portion. The initial total supply of ASTER is 800000000 pieces, and the destruction will continue until the total supply drops to 3000000000 pieces. Aster stated that repurchases will be automatically executed daily through TWAP and settled on the chain, with both repurchases and disposals publicly verifiable. In addition, each unlicensed coin listing project on Aster Spot requires a fee of 50000 USDT, which will be used to repurchase ASTER and distributed as an additional staking reward.