Aster Announces ASTER Token Generation Event And Launch Of Stage 2 Rewards Program For Long-Term Traders

Decentralized perpetual trade, Aster introduced plans for the launch of the ASTER Token Generation Event (TGE) and the Aster Genesis: Stage 2 program. According to the announcement, 704 million ASTER tokens can be airdropped to eligible customers who participated in Aster’s rewards program, with the TGE set for September seventeenth. 

In addition, Aster Genesis: Stage 2 is now stay, providing customers the chance to commerce on Aster Pro and earn Rh factors for the second wave of ASTER rewards. The Stage 2 program has been redesigned to reward real merchants with long-term intentions, reasonably than these targeted on short-term hypothesis. Aster goals to acknowledge and reward constant buying and selling habits over time.

Rh factors in Stage 2 will proceed to be awarded based mostly on weekly epochs, ranging from 00:00 UTC Monday to 23:59 UTC Sunday. However, the brand new construction introduces multi-dimensional scoring, together with components similar to buying and selling quantity, place holding time, asset holdings, and realized income and losses. For instance, customers with larger buying and selling quantity on Aster Pro will earn extra Rh factors, with takers receiving 2x factors in comparison with makers. The holding time rating rewards customers based mostly on the period of their positions, and the Aster asset holding rating rewards customers who use Aster property as margin for buying and selling. Additionally, realized income and losses will contribute to the calculation of Rh factors, excluding charges.

A referral and group factors system can be a part of Stage 2, the place customers can earn a share of their invitees’ base Rh factors. Referral rewards are structured as 10% for first-level invitees and 5% for second-level invitees, with base Rh factors together with buying and selling quantity, holding time, asset holdings, and realized income and losses. Although the precise formulation and weightings will not be disclosed, these components will decide Rh level distribution, which is able to accumulate in the direction of customers’ share of the ASTER airdrop after the TGE.

Aster Launches ASTER Token Airdrop And Community-Driven Ecosystem With Decentralized Governance And Utility Features

Aster operates on the Aster blockchain, which is built-in into the Polkadot ecosystem. It is designed to permit customers to commerce cryptocurrencies and digital property in a decentralized, peer-to-peer atmosphere, eliminating the necessity for intermediaries similar to centralized exchanges. The native token, ASTER, performs a central function within the platform, facilitating decentralized governance, selling progress, incentivizing participation, and guaranteeing long-term sustainability of the protocol.

The ASTER airdrop will distribute a complete of 704 million ASTER tokens, representing 8.8% of the entire provide. Claims for these tokens will open on September seventeenth, and shut on October seventeenth. Once claimed, the ASTER tokens can be deposited immediately into customers’ Aster Spot wallets, with out requiring any gasoline charges or approval. Any unclaimed tokens can be reserved for future neighborhood rewards.

Regarding tokenomics, the entire most provide of ASTER is ready at 8 billion tokens. The ASTER token operates on the BNB Chain utilizing the BEP-20 commonplace, and its token deal with is 0x000Ae314E2A2172a039B26378814C252734f556A. Over 53% of the entire provide is allotted for neighborhood rewards, reflecting the platform’s community-first method.

In phrases of utility, ASTER will serve a number of functions throughout the ecosystem. To mark the TGE, a portion of the protocol’s income can be used for buybacks, with allocations designated for Foundation funding and governance rewards distribution. Going ahead, ASTER will supply numerous utilities, together with reductions on spot and perpetual buying and selling charges, governance participation, and extra.

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