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Aster, a decentralized trading platform, is deciding whether to include holding periods for recipients of its next token giveaway.
This consideration was shared by the platform’s CEO, Leonard, during a livestream held on September 29.
Leonard explained that such a lockup could help reduce the chances of a large sell-off once tokens are distributed.
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He noted that granting users full access to their tokens immediately might lead to immediate selling, which could impact the token’s value. A staggered release could instead encourage users to stay involved longer.
The concept of vesting, or distributing tokens gradually over time, is a common practice in the cryptocurrency industry. It helps avoid quick sell pressure, especially when new tokens enter the market.
Aster has already set aside over half of its total token supply for community-based giveaways. For its current giveaway round, the project plans to distribute 320 million ASTER tokens. Based on recent market prices, this amount is worth around $600 million.
Although the allocation is confirmed, the method for distributing the tokens is still under discussion. Leonard mentioned that the team is evaluating whether releasing 4% of the total token supply at once would have negative effects.
He said the decision must take into account both the new participants and those who already own ASTER.
On September 22, DBA Asset Management introduced a plan to cut the total number of HYPE tokens in circulation by 45%. Why? Read the full story.
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