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AESTER's tokenomics, a "gentle sword" delayed until 2035
AESTER's token unlock schedule, I took a close look and it's actually quite interesting. The data is here: 60% unlocked directly by 2035, which is still nine years away. This hand is played so well that it can be said to have taken the "time for space" to the extreme.
Unsurprisingly, this follows the old path of UNI back in the day. Locking the main funds tightly for nine years means the future operational team’s development, promotion, and funding all rely on this huge "reserve fund" in 2035. This creates a very bizarre narrative paradox: according to normal Web3 routines, after nine years of operation, the ecosystem should mature, and the token should enter a deflationary appreciation phase; but for AESTER, the era that should be deflationary by 2035 has been forcibly turned into an era of massive selling pressure.
Just thinking about that scene is quite darkly humorous: those old fans who held for ten years, endured the long cycle, finally look forward to 2035, only to find that what they get is not the realization of ecosystem dividends, but continuous selling pressure from the team dumping, with the price dropping lower and lower—who can stand that?
But everything has two sides, and this design has a huge advantage in the current context: in the next nine years, unlocking with almost zero pressure.
The circulating supply has already unlocked over 30%, and in the long nine years ahead, only a few points will be unlocked. These small portions of tokens, in today’s market, with some hype and funds, can be easily absorbed, posing no substantial dumping threat.
Since there’s no short-term worry, the pricing logic during these nine years becomes extremely simple and brutal—it's all about performance.
If the project’s performance takes off during these nine years, with limited circulating chips, the price can rise easily like drinking water, creating a win-win situation; but what if performance falters? Although the dumping pressure is small due to no large unlocks, essentially it just delays the "death time" to 2035. This design is like giving the project a 9-year "indefinite reprieve," pushing all potential liquidity crises into the future.
To sum up, AESTER's token model is a very clever "scumbag" design: in the short term, you don’t need to worry about it crashing the price, but in the long term, it’s destined to do so. For traders, the next few years are indeed a good gamble without upper selling pressure constraints; but when it comes to long-term faith, this Damocles sword hanging over 2035 will eventually fall. $ASTER