Newton Gitonga
As crypto charts remained in red today, perpetual decentralized exchange Aster continued to build.
It has rolled out an advanced feature called Rocket Launch, designed to help cryptocurrency startup gains market exposure and adequate liquidity.
Meanwhile, the first Rocket Launch initiative features APRO Oracle, running from October 24 to November 6, with a reward pool comprising APRO and ASTER tokens worth $200,000.
Aster unveils Rocket Launch 🚀✨
Your gateway to early-stage crypto projects and trading rewards is here!
Aster is proud to introduce Rocket Launch, designed to provide liquidity support for early-stage projects while giving users early access to emerging on-chain opportunities.
Rocket Launch is part of Aster’s mission to democratize the decentralized exchange sector by bridging market activity and innovation.
According to the DEX’s CEO Leonard:
Rocket Launch brings market attention to promising trends faster, allowing projects to be recognized by the market and valued effectively through real trading activity.
With the new move, Aster offers users early access to lucrative on-chain opportunities.
Moreover, projects gain community support and boosted exposure, which remains crucial in the competitive blockchain industry.
Traders can join by trading specific asset pairs and earn incentives based on terms like trading volumes.
How the Rocket Launch works
Each Rocket Launch campaign will have an incentive pool comprising ASTER tokens and the participating project’s native asset.
For example, the current rewards will include Aster’s and PRO coins.
Meanwhile, the DEX has introduced a self-sustaining system where projects contribute tokens and funds that Aster uses for ASTER buybacks.
The repurchased assets and the participating project’s contributions form a reward pool designed for active participants.
Individuals should meet the holding and trading conditions to qualify for Aster’s Rocket Launch rewards.
They need at least $1,000 in the selected perpetual or spot pair.
Also, users should maintain a minimum of 100 ASTER across their perp and spot wallets throughout the campaign.
The official blog indicated:
Users are required to hold a certain amount of ASTER to qualify for the campaign.
For long-term users, holding ASTER represents more than an investment; it’s a way to engage with on-chain innovation and gain early exposure to new opportunities.
Meanwhile, the reward amount will depend on the user’s trading volume, with eligible participants earning up to 3% of the overall reward pool.
Qualified people will receive their rewards on the Aster accounts within two weeks after the campaign concludes.
The team has guaranteed fairness in the community-centered initiative.
ASTER price outlook
ASTER struggled at the $1 mark today, influenced by broader market bearishness and increased perp DEX competition.
Hyperliquid’s HYPE stole the show today as it outperformed the market with significant daily gains.
Aster’s native token has lost roughly 25% last week.
Nevertheless, the team emphasized building and not focusing on short-term price trends.
Indeed, constant ecosystem developments have helped it outshine established projects in the blockchain sector, including Hyperliquid and Circle, in key metrics.
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