Aster’s Latest Team Allocation Burn Does Not Directly Cut Tradable Supply
Photo: TokenPost
Aster’s latest burn removed 2,721,732.41 Aster (ASTER) tokens from a locked team allocation, so it did not directly reduce tokens available to trade even as cumulative burns topped 210 million. In the latest buyback and matching burn , Aster used 99% of its daily platform fees over the two weeks ended 8 p.m. ET Oct. 18 (00:00 UTC Oct. 19) to purchase 2,721,732.41 ASTER. It burned the same amount from its team allocation. Cumulative burns across all programs reached 210,088,876.51 ASTER as of Oct. 19. The purchased tokens and the burned tokens have different destinations.
Source: TokenPost
