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I just read that Aster implemented a pretty interesting automatic token buyback system. Basically, they are allocating between 20% and 40% of their daily revenue to buy back their own tokens $ASTER. This isn't the first time they've done this, but this is the fifth phase of their plan.
What I find well thought out is that the system adapts itself based on how the market is doing. The idea is clear: fewer tokens in circulation = less supply = more potential value for those holding. They already executed the first buyback on the blockchain ( if you want to verify, the address is 0x5E4969C41ca9F9831468B98328A370b7AbD5a397).
With ASTER around $0.67 and a market cap of 1.11 billion, these kinds of moves are what build long-term confidence. At least they show they are committed to strengthening the project rather than just letting the supply spike. What do you think about these buyback mechanisms?