BlockBeats news: On January 23, Aster announced the launch of Round 7 of its Rocket Launch initial coin offering, featuring the project Spacecoin ($SPACE). Aster will become the first decentralized exchange (DEX) to simultaneously list spot and perpetual contract trading for $SPACE, and will exclusively launch the SPACE/USD1 spot trading pair.
According to the announcement, the $SPACE perpetual contract SPACEUSDT will launch at 14:00 (UTC) on January 23, while the spot trading pair SPACE/USD1 will become available at 12:00 (UTC) on the same day. The event period will last until 14:00 (UTC) on February 2.
The total reward pool for this event includes $150,000 worth of $ASTER and 15,750,000 $SPACE tokens. During the event period, both spot and perpetual trading will enjoy a 1.5x trading weight multiplier. Specifically, perpetual trading rewards will be distributed based on users' proportion of trading fees in the SPACE/USDT perpetual contract, while spot trading rewards will be allocated based on users' proportion of trading fees in the SPACE/USD1 spot pair. The maximum reward a single user can receive is 3% of the total prize pool.
To participate in the event, users must continuously hold at least 444 $ASTER tokens (combined across spot and perpetual accounts) throughout the entire event period, and eligibility will be verified through random snapshots. Rewards will only be distributed to qualified users who meet the minimum trading fee and holding requirements.
In addition, Aster is simultaneously launching a time-limited activity offering 0% trading fees for the USD1/USDT spot pair, making it easier for users to acquire USD1 and participate in SPACE/USD1 trading.