Perpetual decentralized exchange Aster has confirmed plans to transfer 4% of the overall ASTER supply from the airdrop reserve to its treasury contract.
The move comes as the DEX prepares for the upcoming stage 2 airdrop claim.
The post clarified that these transactions will happen on-chain to guarantee transparency.
Meanwhile, the token transfer readies the necessary ASTER coins for distribution while ensuring fully verifiable token management.
The team said:
We’re moving funds on-chain to prepare for the upcoming stage 2 ASTER airdrop claim. A total of 4% of ASTER tokens will be transferred from the airdrop reserve to the Aster DEX treasury contract.
The announcement serves as a technical update and a reassurance to Aster enthusiasts, who have eagerly awaited details of the second ASTER giveaway.
Why does the 4% ASTER transfer matter?
The asset movement is a significant step in the Perp DEX’s tokenomics strategy.
Transferring digital coins from the airdrop reserve to the treasury address sets aside tokens for rewarding loyal members, guaranteeing verified users a smooth claim once stage 2 airdrop rolls out.
Furthermore, the project can utilize the process to audit asset flows and strengthen security models ahead of the upcoming token distribution.
With on-chain verification, Aster can prevent confusion and manipulation that might stem from unverified wallet transactions or rumors.
Indeed, these transparent moves are essential in building long-term trust, especially for a new project seeking stable liquidity and utility within the DEX space.
Aster reinforces transparency
Aster’s announcement came as the Binance ecosystem faces criticism, with some stating that the exchange orchestrated the latest cryptocurrency crash.
For instance, Hyperliquid founder Jeff Chameleon has criticized Binance for hiding liquidation stats and market manipulation.
To guarantee the community, Aster confirmed that its transactions are legitimate and official, and initiated by core developers.
These are official transactions conducted by the team. Please stay alert, ignore the FUD, and rely only on official Aster channels for updates.
ASTER price outlook
The DEX’s native coin leads the current market rebound with an approximately 15% surge on its daily chart.
ASTER is trading at $1.50 after recovering from yesterday’s low of around $1.17.
Its 24-hour trading volume has increased by 27%, signaling renewed optimism.
Market sentiments seem increasingly positive amid broad-based recoveries and anticipation for the Aster stage 2 airdrop.
If ASTER’s trading volume continues to soar amid overall market stability, the altcoin might extend its gains in the near term.
Bulls are targeting $$1.80 to clear the path toward the $2 psychological mark.
Analysts remain confident in the altcoin’s performance, citing the team’s transparency and utility in the thriving perp DEX sector.
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