Key Takeaways
- Aster DEX will allocate up to 80% of fees from Stage 3 (‘Dawn’ phase) for $ASTER token buybacks.
- Stage 3 introduces advanced scoring systems for traders, incentivizing activity and holding.
Today, Aster DEX, a decentralized exchange running multi-stage reward programs, announced plans to allocate up to 80% of Stage 3 fees toward $ASTER token buybacks.
The buyback initiative centers on fees generated during S3, the current “Dawn” phase of Aster’s program that focuses on advanced scoring and trading incentives. Aster DEX has introduced multi-dimensional scoring in Stage 3, allowing traders to earn points through activities like trading volume and holding duration.
The exchange has integrated new trading pairs and boosts for assets like HEMI and AT to enhance fee-generating activity during Stage 3. As a growing project, Aster DEX is emphasizing buybacks in response to uncertain market conditions to support token stability.
The allocation will depend on overall performance during the current phase. $ASTER serves as the utility token for fee payments and rewards within the Aster DEX ecosystem.
Source: https://cryptobriefing.com/aster-dex-allocates-80-percent-s3-fees-aster-buyback/