TechFlow news, September 29 — Aster CEO Leonard responded to allegations of concentrated token holdings during an interview with Mable, founder of social protocol Trends.
Regarding on-chain data showing a small number of addresses holding 96% of the total ASTER tokens, Leonard stated that the team cannot control all tokens within these wallets. According to the tokenomics design, approximately 80% of the tokens are locked on-chain and publicly monitorable.
Addresses holding airdropped tokens on-chain account for about 40% of the total supply, while other major addresses include the Aster spot deposit address, where users hold their tokens on the platform. Currently, only around 10% of tokens are in circulation, including user shares converted from APX (about 10%) and initial airdrops (about 8%).
He emphasized that although contract addresses may appear to control all tokens, the majority actually belong to users, and the relevant release schedules have been publicly documented and can be verified on-chain.
