Key Takeaways
- Decentralized exchange Aster has clarified that its tokenomics remain unchanged despite community concerns triggered by a CoinMarketCap update.
- The confusion stemmed from a CoinMarketCap update that appeared to push back token unlock dates for ASTER from 2025 to 2026 and 2035.
- Aster explained that the extended dates were due to a miscommunication and that unused tokens allocated for monthly unlocks have been held in a locked address, never impacting circulating supply.
- To enhance transparency, Aster plans to move these unused unlocked tokens to a public wallet address for independent tracking.
- The platform also noted that Changpeng CZ Zhao recently disclosed a significant personal investment in ASTER, contributing to recent price movements.
Aster Addresses Token Unlock Confusion
Decentralized exchange Aster has stated that its tokenomics are unchanged following an update on CoinMarketCap (CMC) that caused speculation within its community regarding the project’s unlock schedule. The stir began when users observed that previously scheduled token unlock dates on Binance and CMC, initially set for 2025, had been extended to mid-2026 and, in some instances, 2035.
However, the Aster team issued a clarification, explaining that the data reflected on CMC was a result of miscommunication, not a policy change. According to Aster, their original tokenomics included monthly ecosystem unlocks. Due to the absence of a defined usage plan for these tokens at the time, none of the scheduled unlocks were implemented.
Since the token generation event, the tokens designated for these unlocks have remained untouched and secured in a locked address, meaning they have never been counted towards ASTER’s circulating supply. This action was taken to maintain the integrity of the token’s economic model.
Moving Unused Unlocks to a Public Wallet
To preemptively address and resolve any future confusion, Aster announced its intention to transfer these unused unlocked tokens to a dedicated public address. This will allow for independent tracking of any movements, enhancing transparency for the community.
“We currently do not have a need or plans to spend from this address. We will maintain transparency with the community regarding the usage of these funds in the future,” Aster stated in its communication.
Data from CoinMarketCap indicates that Aster (ASTER) is currently trading at $1.12, showing an increase of approximately 10% over the last day. Despite this recent gain, the token’s value is still more than 50% below its all-time high of $2.42, which was recorded in September.
CZ Reveals Significant Aster Holdings
Earlier this month, Aster experienced a surge of over 30% after Binance co-founder Changpeng “CZ” Zhao disclosed that he holds more than $2.5 million worth of the token. CZ shared information about his wallet on X, explaining that he had purchased Aster with personal funds and emphasized his commitment as a long-term holder rather than a short-term trader.
Following CZ’s public disclosure, other notable traders also publicly expressed their interest in Aster. One prominent trader, known as “Gold,” announced initiating a position in Aster, noting it as a significant event, as it marked the first time CZ had publicly announced buying a token other than BNB.
Final Thoughts
Aster has proactively addressed community concerns regarding its tokenomics and unlock schedules, emphasizing that no changes have occurred. The move to a public wallet for unused tokens signifies a commitment to transparency. The recent disclosure of holdings by CZ continues to draw attention to the project.
