Aster Burns $3.71M in Team Tokens and Buys Back ASTER
2026-06-29 18:40

Woofun AI reports that Aster has finalized its inaugural token buyback and team supply burn, with the combined operations valued at approximately $3.71 million. Since June 17, the protocol utilized 99% of daily fees to repurchase 2,937,125.53 ASTER tokens, worth $1.855 million at execution time, while simultaneously burning an equivalent amount from the team’s allocation. The repurchased assets are reserved for future staker rewards, implementing a revised tokenomics model that directs 99% of fees toward buybacks and another 99% equivalent toward team token burns.

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