Aster has announced an update to its ASTER tokenomics, increasing the buyback and burn ratio to 198%. Starting June 17 at 20:00 (UTC+8), 99% of daily platform fees will be used to buy back $ASTER tokens. An equivalent amount of $ASTER will be burned from reserves, maintaining a 1:1 buyback to burn ratio. The repurchased $ASTER will be allocated to stakers, added to loyalty rewards, and distributed based on lock weight to veASTER holders. The burn process will prioritize team allocations. The initial supply of $ASTER is 8 billion tokens, with the burn continuing until the total supply is reduced to 3 billion. Buybacks will be executed daily via TWAP and settled on-chain, ensuring transparency. Additionally, each permissionless listing on Aster Spot will incur a 50,000 USDT fee, which will be used for further $ASTER buybacks and distributed as additional staking rewards.