PANews reported on January 28th that Aster launched spot trading for the USD1/USD1 pair at 20:00 (UTC+8) on January 28th, along with a trading incentive programPANews reported on January 28th that Aster launched spot trading for the USD1/USD1 pair at 20:00 (UTC+8) on January 28th, along with a trading incentive program
Aster launches spot trading for $1/USD and a trading incentive program with a total prize pool of 8 million $1 tokens.
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News Brief
PANews reported on January 28th that Aster launched spot trading for the USD1/USD1 pair at 20:00 UTC+8, introducing what appears to be an attractive trading incentive program. The initiative features a prize pool of 8.00 million USD1 tokens, which will be distributed based on participants' trading fee contributions.The program runs from 20:00 UTC+8 on January 28th through 22:00 UTC+8 on February 4th. Notably, USD1/USD1 spot trading carries a 1.20x bonus, while USD1/USDT spot trading comes with zero fees. Rewards are calculated using a straightforward formula: Individual Reward equals the Total Reward Pool multiplied by Individual Transaction Fee, then divided by the Total Transaction Fee of All Eligible Participants.To qualify, participants must generate over $5.00 in total transaction fees during the promotional period, with minimum rewards set at $1.00. However, each participant's reward is capped at 3.00% of the total pool. The event welcomes all new and existing Aster users, excluding market makers. Overall, rewards will be distributed within 14 business days following the event's conclusion.
PANews reported on January 28th that Aster launched spot trading for the USD1/USD1 pair at 20:00 (UTC+8) on January 28th, along with a trading incentive program. The total prize pool for this program is 8 million USD1 tokens (shared based on trading fee percentages). The program runs from 20:00 (UTC+8) on January 28th to 22:00 (UTC+8) on February 4th. During the program, the USD1/USD1 spot trading pair will receive a 1.2x bonus, and USD1/USDT spot trading will be free of charge. Specific rules are as follows:
- The rewards will be distributed based on each eligible participant's share of the total transaction fees generated by all eligible participants.
- Individual Reward = Total Reward Pool × (Individual Transaction Fee ÷ Total Transaction Fee of All Eligible Participants)
- Rewards will only be awarded if, during the promotion period, the total transaction fees generated by eligible trading pairs exceed $5 and the reward amount is equal to or greater than $1. Each participant's reward is capped at 3% of the total reward pool.
This event is open to all new and existing Aster users, excluding market makers. Rewards will be distributed within 14 business days after the event ends.
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