ASTER DEX announces that starting from December 23, 80% of the platform's daily revenue will be used to buy back ASTER from the open market and directly burn it. This mechanism can be summarized as:
· Daily stable buy-in: As long as the protocol has income, funds will continuously enter to buy back. · The fewer tokens are burned: All repurchased tokens are destroyed, and the circulating supply continues to decrease. · Creating a positive cycle: Increased trading volume drives revenue growth, and higher revenue will further promote more buybacks.
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ASTER DEX announces that starting from December 23, 80% of the platform's daily revenue will be used to buy back ASTER from the open market and directly burn it. This mechanism can be summarized as:
· Daily stable buy-in: As long as the protocol has income, funds will continuously enter to buy back.
· The fewer tokens are burned: All repurchased tokens are destroyed, and the circulating supply continues to decrease.
· Creating a positive cycle: Increased trading volume drives revenue growth, and higher revenue will further promote more buybacks.