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Aster CEO responds to "Token Holdings Concentration": Most are Airdrop or platform user deposits, not the team's high control of the market trend as rumored.
According to BlockBeats news on September 29, Aster CEO Leonard responded to a question during an interview with Mable (@MableJiang), founder of the social protocol Trends, regarding "According to on-chain data, a few addresses hold 96% of the total ASTER. What is the situation with these addresses?" He stated: "I have also seen some tweets from the community mentioning this issue. In fact, we cannot control all the tokens in these wallets. According to our tokenomics, about 80% of the tokens will be locked on-chain, and everyone can monitor that. The addresses holding on-chain airdrop tokens account for about 40% of the total. There are also Aster's spot deposit addresses among other top addresses, and holders may keep their tokens in platform addresses for convenience to sell at any time, especially since the token price has already risen significantly. Currently, only about 10% is circulating, including the user conversion shares from APX. We initially provided a 1:1 swap for old users, which accounted for about 10%; the initial airdrop accounted for about 8%; and there will be further linear releases, including the marketing budget, all of which are documented and can be verified on-chain. The reason the contract address appears to control all the tokens is that most trading activities occur within this contract, but in reality, many tokens belong to users.