Aster Revamps Tokenomics: "Monthly Circulating Supply to Be Sharply Cut"

Source
Minseung Kang

Summary

  • Aster said it will reduce the pace of token circulation by changing its ecosystem allocation structure.
  • Previously, about 78.4 million ASTER entered the market each month, but going forward tokens will be distributed only through staking rewards.
  • It explained that monthly supply is set to fall sharply to about 1.8 million–2.25 million ASTER at current levels.

Forecast Trend Report by Period

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Photo = Aster
Photo = Aster

Aster (ASTER) has decided to slow the pace of token circulation by changing its ecosystem allocation structure.

On the 30th, Aster said via X (formerly Twitter) that it will "abolish the existing monthly ecosystem token unlock mechanism and shift to an issuance structure centered on staking rewards." Aster expects the token supply flowing into the market to decline sharply as a result of the change.

Previously, about 78.4 million ASTER (around 1% of the maximum supply) were released to the market each month on a linear basis. Going forward, tokens will be distributed only through staking rewards. Based on current figures, roughly 450,000 ASTER are issued weekly, with monthly supply expected to drop significantly to about 1.8 million–2.25 million ASTER.

Aster also explained that "since the token generation event (TGE) in September last year, ecosystem and community allocations have not been used except for staking rewards, and holdings can be verified through the relevant wallet addresses."

Minseung Kang

Minseung Kang

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