Recently, there was a quite interesting case—Aster announced the activation of its strategic buyback reserve and the launch of an automatic buyback mechanism. This is based on their Phase 5 buyback plan announced last month.

The core logic is straightforward: 20-40% of the platform's daily generated fees are used for targeted ASTER token buybacks. It sounds simple, but behind it is the use of market dynamics to maximize the efficiency of this fund. In other words, they don't mechanically buy at a fixed price but instead flexibly act based on market conditions, buy back tokens, and reduce circulating supply simultaneously.

Most importantly, this operation has already executed the initial buyback through the reserve wallet, and the entire process is on-chain verifiable—such transparency is a plus in tokenomics. No need to rely on "our word is final"; the data is on the chain, and participants can verify it themselves.

From a buyback perspective, this is a way for the project team to manage inflation pressure and supply. Whether it can truly enhance the token's value depends on subsequent execution and market response.