en.bitcoinsistemi.com
A new announcement has come from Aster ($ASTER), an altcoin in which Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, has personally invested.
At this point, the Aster team made a buyback announcement via their X account.
Accordingly, Aster introduced the Strategic Buyback Reserve mechanism, which automatically allocates 20%-40% of its daily revenue to repurchase $ASTER tokens.
Aster DEX is initiating automated $ASTER buybacks using 20-40% of daily platform fees through its Strategic Buyback Reserve mechanism, and the first buybacks will be visible on-chain.
This initiative is part of the fifth phase of Aster’s buyback plan, which aims to dynamically adapt to market conditions, reduce circulating supply, and increase long-term investor confidence.
“We are currently actively deploying our Strategic Buyback Reserve for $ASTER token buybacks.”
Building upon our Phase 5 Buyback Program announced last month, this activation aims to dynamically respond to market conditions, maximize value, and reduce circulating supply by allocating 20-40% of daily platform fees to targeted buybacks.
We have successfully and verifiably executed the initial buybacks from reserve wallet 0x5E4969C41ca9F9831468B98328A370b7AbD5a397 on-chain.
Affected by the general and sudden market downturn, $ASTER is currently trading down 12.5% at $0.60.
*This is not investment advice.