ASTER, a decentralized perpetual exchange (Perp DEX) and a Binance-backed competitor to Hyperliquid (HYPE), has revealed a significant new policy regarding its trading fees.
In a recent statement, ASTER announced its intention to allocate 70% to 80% of its trading fees collected during Season 3 towards buying back ASTER tokens. The exchange cited uncertain market conditions as the reason for the final percentage being determined at the conclusion of the season.
ASTER also indicated that details regarding airdrop and buyback programs for subsequent seasons will be communicated once finalized.
“Buyback Announcement:
Currently targeting 70-80% of S3 fees for ASTER token buybacks. The exact allocation will depend on market conditions, and final results will be announced following the completion of S3.”
ASTER's Recent Performance and Market Influence
ASTER has experienced a notable increase in value, with a 10% surge in the last 24 hours. This price movement appears to be linked to the recent news of US President Donald Trump pardoning CZ, the founder of Binance.
The announcement of the pardon by President Trump has generated a positive sentiment within the Binance ecosystem, contributing to increased activity and accumulation in various altcoins. ASTER, which benefits from backing by YZi Labs and CZ, has also seen its price reflect this bullish trend.
The favorable news concerning CZ has invigorated bullish sentiment among ASTER investors. Consequently, approximately 10 million ASTER tokens have been withdrawn from cryptocurrency exchanges, indicating a potential shift towards holding the token.