TLDR
- Aster DEX spent 49.3M USDT to repurchase 47M ASTER tokens in S3 buyback.
- The S3 buyback phase involved over 100 transactions in 17 days for efficiency.
- Aster DEX prepares to launch the S4 buyback phase with updated details soon.
- The S3 buyback’s success positions Aster DEX for a stronger S4 phase.
Aster DEX has completed its S3 buyback phase, spending approximately 49.3 million USDT to repurchase ASTER tokens. The platform has now shifted focus to the upcoming S4 buyback phase, set to launch soon. This move comes after a period of steady token accumulation that aims to support the ecosystem’s long-term stability and reduce the circulating supply of ASTER tokens. Details of the S4 phase will be released shortly.
Aster DEX Concludes S3 Buyback with Nearly 50M USDT
Aster DEX has wrapped up its S3 buyback phase, having deployed 49,299,999 USDT to purchase 47,065,447 ASTER tokens. The buyback program, which began in late October, involved a steady accumulation of tokens over several weeks. In one week alone, from November 3 to November 9, the platform spent 19.5 million USDT to buy back nearly 19 million ASTER tokens.
The overall buyback process saw multiple transactions executed through an automated system. According to on-chain data from BscScan, more than 100 transactions took place over the course of 17 days.
This data indicates that the buyback was carried out with a high degree of automation, aimed at improving the efficiency of token repurchases. The official buyback address has deployed funds consistently, and the low balance in the wallet shows that the process has now concluded.
Final Stages of the S3 Program Confirmed
The final phase of the S3 buyback program was marked by a major influx of capital from the Aster Treasury 17 days ago. Since then, the buyback wallet has shown consistent outflows in line with the strategy set for this phase. A small remaining balance of BNB in the wallet further confirms that the buyback has come to an end.
The execution of the buyback appears to have followed a clear, automated pattern, with transactions routing through specific receiving addresses. This mechanism is designed to handle a large number of smaller transactions, avoiding the need for large manual buys. The strategy appears to have worked effectively in controlling the market supply of ASTER tokens, which is seen as crucial for ensuring the platform’s stability.
Aster DEX Prepares for the Launch of S4 Buyback Phase
Looking ahead, Aster DEX is preparing for the launch of its S4 buyback phase. The team has confirmed that new details will be shared soon, including the allocation of fees, the official schedule for buybacks, and a new wallet address for the buyback process. Although the exact timeline has not been disclosed, the announcement signals the platform’s continued commitment to market stability and long-term growth.
The S4 phase will build upon the structure and strategy used in the S3 buyback. However, the updated details may bring changes in how the buyback is executed. Aster DEX’s efforts to reduce the circulating supply of ASTER tokens aim to enhance liquidity and reinforce the token’s utility within the ecosystem.
Community and Market Reactions to the Buyback Strategy
The Aster DEX community is closely watching the development of the S4 buyback phase. Many in the community view these buybacks as a sign of confidence in the long-term value of ASTER tokens. The steady execution of the buyback program is also seen as an effort to create a more stable market environment.
Traders and investors are looking forward to the next phase, anticipating that the launch of the S4 buyback will further boost confidence in Aster DEX’s market position. As the ecosystem continues to grow, it remains a focal point for both new and seasoned participants in the decentralized exchange space.
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