Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Aster News Today: CZ's Forgiveness Sparks Aster's Token Repurchase to Strengthen Investor Trust

Aster News Today: CZ's Forgiveness Sparks Aster's Token Repurchase to Strengthen Investor Trust

Bitget-RWA2025/10/28 14:18
By:Bitget-RWA

- Aster, a CZ-backed decentralized exchange, announced its S3 token buyback and airdrop with full on-chain transparency. - The buyback uses 70-80% of S3 trading fees, while CZ's U.S. presidential pardon boosted investor confidence and token prices. - Airdrop distributions prioritize repurchased tokens, with remaining allocations unlocked from the S3 pool to reward holders. - Mixed investor reactions highlight risks from crypto volatility, though sustained trading volume could reinforce Aster's competitive

Aster, a decentralized exchange supported by Binance founder Changpeng Zhao (CZ), has revealed the implementation of its Season 3 (S3) token repurchase and airdrop initiatives, highlighting a commitment to complete on-chain openness. The repurchased tokens will be sent to the same wallet address used during the S2 buyback, continuing the project's approach to returning capital. Following the completion of these buybacks, the S3 airdrop will begin, with the first distributions coming from the repurchase wallet, and any leftover tokens released from the airdrop reserve, as reported by

.

The funds for the buyback come from a substantial share—between 70% and 80%—of S3 trading fees, which are set aside for token repurchases. However, the exact percentage will be determined by market conditions at the end of the season, according to

. This strategy reflects growing investor trust in , which has experienced a 10% price increase over the past day, partly due to Donald Trump’s recent presidential pardon of CZ in the United States. The pardon, made public on October 24, 2025, has renewed optimism within the Binance community. In anticipation of the airdrop, Aster holders have withdrawn about 10 million tokens from exchanges, the article notes.

Aster News Today: CZ's Forgiveness Sparks Aster's Token Repurchase to Strengthen Investor Trust image 0

By conducting the buyback on-chain, Aster demonstrates its dedication to both decentralization and transparency. The tokens acquired will be moved to the same wallet used for S2 buybacks, maintaining consistency in the project’s capital management, according to

. Once the airdrop is underway, tokens will be distributed straight from the buyback wallet, with any remaining amounts released from the S3 airdrop pool, as stated in . This setup is designed to benefit current holders and further strengthen the project’s community-led governance.

The news has generated a range of responses among investors. Some see the buyback and airdrop as a calculated effort to support the token’s price, while others are wary due to the unpredictable nature of the crypto market. Experts point out that the outcome of Aster’s S3 plans will rely on continued trading activity and the platform’s ability to remain a strong competitor among decentralized exchanges backed by CZ, according to the Bitcoinsistemi article.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Update: Privacy-Focused Zcash Soars by 400% While Bitcoin Faces Broader Economic Challenges

- Zcash (ZEC) surged 400% in 30 days, hitting a seven-year high amid Bitcoin's $108,000 struggle due to macroeconomic pressures and geopolitical tensions. - Institutional interest and 4.5M ZEC locked in shielded pools drove ZEC's rally, reflecting growing demand for privacy-centric assets like the Grayscale Zcash Fund's $85M inflows. - Bitcoin faces headwinds from Fed rate cuts, U.S.-China trade dynamics, and Trump-era nuclear rhetoric, with technical indicators signaling oversold conditions below $110,000

Bitget-RWA2025/11/01 10:58
Bitcoin News Update: Privacy-Focused Zcash Soars by 400% While Bitcoin Faces Broader Economic Challenges

Thodex CEO's Death in Prison Triggers Immediate Demands for Cryptocurrency Oversight Following $2.6 Billion Loss

- Faruk Fatih Özer, former CEO of collapsed Turkish crypto exchange Thodex, was found dead in prison while serving an 11,196-year sentence for orchestrating a $2.6B fraud. - His death reignited scrutiny over Thodex's 2021 collapse, which left thousands of investors with losses, prompting urgent calls for stricter crypto regulations in Turkey and globally. - Prosecutors alleged Özer siphoned $253M in crypto assets through fraudulent transactions, though initial loss estimates ($24M) starkly contrasted with

Bitget-RWA2025/11/01 10:58

Bitcoin News Update: BlackRock's $506 Million Withdrawal from Crypto and Controversy Spark Market Crash Concerns

- BlackRock's $506M crypto sell-off, including 6,400 BTC and 48,800 ETH, triggers panic over liquidity risks and short liquidations. - Bitcoin ETFs lost $519M in assets this week, with BlackRock's IBIT leading exodus amid institutional redemptions and HPS fraud scandal. - Market volatility intensified as Bitcoin nears $109,287 threshold, risking $3B short squeeze and destabilizing ETF ecosystem. - Regulatory scrutiny grows over BlackRock's due diligence failures, compounding crypto's credibility crisis des

Bitget-RWA2025/11/01 10:22
Bitcoin News Update: BlackRock's $506 Million Withdrawal from Crypto and Controversy Spark Market Crash Concerns