Aster adjusts ASTER repurchase and destruction ratio to 99% According to TechFlow, on June 17th, Aster announced an update to the ASTER token economy mechanism. Starting from 12:00 UTC today, 99% of the platform's daily transaction fee will be used to repurchase ASTER and destroy the corresponding amount of ASTER in a 1:1 ratio from the reserve, in order to enhance staking incentives and drive the token into a deflationary path. According to the mechanism, the ASTER obtained from the repurchase will be distributed to the pledger and included in the loyalty reward pool in each cycle. The reward scale is 300000 ASTER basic rewards+current repurchase quantity, distributed according to the lock up weight of veASTER. The destruction portion will be deducted from the team's allocated quota first. The initial total supply of ASTER is 8 billion pieces, and destruction will continue until the total supply drops to 3 billion pieces. In addition, Aster stated that repurchases will be automatically executed daily and settled on the chain through TWAP, and both repurchase and destruction records can be publicly verified. According to another disclosure, a fee of 50000 USDT is required for each unauthorized coin listing on Aster Spot, which will also be used to repurchase ASTER and as an additional staking reward.