Based on BitcoinWorld, decentralized perpetual futures exchange Aster has burned $80 million worth of ASTER tokens from its buyback wallet, as part of its Stage 4 buyback program launched on December 2nd. The token burn permanently removes ASTER from circulation, aiming to reduce supply and potentially increase token value. The initiative involves using exchange-generated fees to buy and burn tokens, creating a deflationary mechanism. The move signals confidence in Aster’s financial health and long-term value strategy.
Aster Burns $80M in ASTER Tokens to Boost Value
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