Aster News Today: Aster Airdrop Delay Fuels Criticism of Allocation Fairness
Multi-chain decentralized exchange AsterASTER-- has postponed its airdrop to October 20, citing "potential data inconsistencies" in token allocation calculations. The delay, announced via social media, follows the launch of the "S2 airdrop checker" on October 10, which revealed discrepancies in users' allocated token quantities [1]. The platform emphasized that most users' allocations would not fall below their final snapshot percentages in each epoch, with revised figures to be updated in the coming days [3].
The airdrop, initially scheduled for October 14, affects 153,932 eligible wallets [1]. Community backlash emerged on social media, with users citing miscalculated allocations despite high trading volumes. One user noted, "Almost $9 million in volume resulted in only 336 tokens," highlighting perceived inequities [1]. Aster attributed the issue to allocation calculations tied to reward epochs, which consider trading volume, position holding duration, use of yield-bearing assets (e.g., asBNB, USDF), realized profit/loss, and referral contributions [1].
The project, backed by YZi Labs (linked to Binance co-founder Changpeng "CZ" Zhao), faces heightened scrutiny amid broader criticism of its tokenomics. Influencer Quinten 048.eth accused the platform of favoring insiders, claiming he received 338 tokens despite generating $100 million in referral volume. CZ responded by questioning the accuracy of his numbers, sparking further debate [2]. Aster has opened a 48-hour USDT refund window for affected users post-airdrop, aiming to address fairness concerns [2].
Despite the delay, ASTER's token price rose 3% to $1.75 on October 10, with a market capitalization approaching $3 billion [1]. However, predictors on Myriad Markets (developed by Decrypt's parent company) estimate an 85% probability the token will not reach $4 by November [1]. The platform's Stage 3 airdrop, set to begin after October 5, introduces multi-dimensional scoring and anti-abuse filters to curb wash trading, a practice linked to inflated volume metrics .
Aster's airdrop strategy emphasizes community engagement, with 53.5% of the total token supply allocated to users. Stage 2 rewards, comprising 4% of the supply (320 million tokens), are claimable from October 14 with no lock-up period . Unclaimed tokens will be reallocated to ecosystem funds after October 17 . The project's reliance on multi-chain liquidity (Solana, EthereumETH--, ArbitrumARB--, BNBBNB-- Chain) and high leverage (up to 1,001x) positions it as a key player in the decentralized perpetual trading space [1].
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