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

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Minseung Kang
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  • 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.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

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."

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.

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