Aster CEO Leonard has addressed recent market concerns, dismissing allegations of sell-offs and liquidity exits as "completely false" and "malicious manipulation." Leonard clarified that CZ is merely an advisor and that investor Yzi Labs' funds are locked long-term. Aster operates independently, with no direct control by CZ or Binance. The project has upgraded its buyback mechanism, implementing daily automatic buybacks funded by protocol revenue, with 254 million tokens repurchased and 78 million burned.
Looking ahead, Aster plans to expand asset liquidity, launch a privacy-first Layer 1 network in March, and introduce a staking function. The token economic model will see the final airdrop with S6, a suspension of the monthly 1% unlock until staking is live, and continued buybacks using up to 80% of fees during S6.
Aster CEO Addresses FUD, Outlines Development Roadmap
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
