A new announcement came from Aster (ASTER), an altcoin that Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, has personally invested in.
At this point, the Aster team made a buyout announcement through their X account.
As a result, Aster introduced the strategic buyback reserve mechanism, which automatically allocates 20-40% of its daily turnover for buyback ASTER tokens.
Aster DEX launches automatically ASTER Buybacks use 20-40% of the platform’s daily fees via its Strategic Buyback Reserve mechanism, and the first buybacks will be visible on-chain.
This initiative is part of the fifth phase of Aster’s buyback plan, which aims to dynamically adapt to market conditions, reduce outstanding supply and increase long-term investor confidence.
“We are currently actively deploying our strategic buyback reserve to ASTER token redemptions.
Building on our Phase 5 buyback program announced last month, this activation aims to dynamically respond to market conditions, maximize value and reduce circulating supply by allocating 20-40% of daily platform fees to targeted buybacks.
We have successfully and verifiably executed initial redemptions of reserve wallet 0x5E4969C41ca9F9831468B98328A370b7AbD5a397 on-chain.
Affected by the general and sudden slowdown of the market, ASTER is currently trading down 12.5% at $0.60.
*This does not constitute investment advice.
