ASTER "No change to tokenomics… unlocked amounts kept in lockup"

Source
Minseung Kang

Summary

  • ASTER said there are no changes regarding the 'tokenomics change' controversy.
  • ASTER emphasized that the update was to accurately reflect the circulating supply, and that the monthly unlocked amounts were kept in lockup addresses.
  • They said they plan to disclose the use of funds transparently in the future.

The virtual asset (cryptocurrency) derivatives exchange ASTER (ASTER) explained there are "no changes" regarding the 'tokenomics change' controversy.

On the 15th, the ASTER team said on X (formerly Twitter) that "confusion arose within the community during the process of updating CoinMarketCap (CMC) information" and that "ASTER's tokenomics structure remains unchanged."

ASTER said the update was a measure to accurately reflect the circulating supply (circulating supply). In particular, concerns had been raised about the monthly unlocked amounts of the community·ecosystem allocation. ASTER emphasized that "the amounts unlocked each month after the token issuance (TGE) were not used and were all kept in lockup addresses, and were not included in the circulating supply."

The project team said it plans to move the unlocked amounts to a separate public address to prevent confusion. They added that "there are currently no plans to use the tokens from that address" and "will disclose transparently if funds are used in the future."

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
hot_people_entry_banner in news detail bottom articleshot_people_entry_banner in news detail mobile bottom articles
What did you think of the article you just read?




PiCK News

"Strategy posts record buying spree even in a bear market"…accumulates 89,618 in Q1 alone

4 hours ago
"Strategy posts record buying spree even in a bear market"…accumulates 89,618 in Q1 alone

U.S. 'Strikes Iranian Missile Site Near the Strait of Hormuz…Maritime Threat Reduced'

5 hours ago
U.S. 'Strikes Iranian Missile Site Near the Strait of Hormuz…Maritime Threat Reduced'

XRP small-balance addresses hit an all-time high at 5.66 million, signaling growing retail inflows

8 hours ago
XRP small-balance addresses hit an all-time high at 5.66 million, signaling growing retail inflows

[Analysis] "Bitcoin could fall once more before the next bull run… may drop to as low as $43,000"

9 hours ago
[Analysis] "Bitcoin could fall once more before the next bull run… may drop to as low as $43,000"

[Analysis] "Bitcoin shows signs of recovering sentiment among U.S. investors… but a strong bullish reversal is still not in place"

11 hours ago
[Analysis] "Bitcoin shows signs of recovering sentiment among U.S. investors… but a strong bullish reversal is still not in place"

Trending News