Aster to expand buyback and burn ratio to 198%

Decentralized exchange (DEX) Aster (ASTER) announced through its official X account that it is expanding its buyback and burn ratio to 198%. Effective from 12:00 p.m. UTC on June 17, 99% of daily platform fees will be allocated to ASTER buybacks, with the treasury simultaneously burning an equivalent amount of tokens. The bought-back ASTER will be distributed to stakers. According to the announcement, this policy will run automatically until ASTER's total supply decreases from 8 billion to 3 billion. Additionally, a 50,000 USDT fee from each permissionless listing on the Aster spot market will be used for the buybacks.