Aster (ASTER), a decentralized exchange supported by Binance founder Changpeng Zhao’s investment company YZi Labs, has delayed its upcoming free token giveaway because they found some “possible data issues. ”
Main Points:
- Aster postponed its airdrop because they found some data issues that could change how many tokens some users would get.
- The delay comes after users complained about wrong results from the project’s “S2 airdrop checker” tool.
- DeFiLlama stopped showing Aster’s trading information because it was similar to the trading volume on Binance.
The airdrop was supposed to happen on October 14, but now it will happen on October 20, depending on some checks within the team, they announced on Friday.
Aster promises to fix mistakes in how they gave out airdrop rewards after users reported problems
The Aster team said they will change some users’ allocations if necessary. They mentioned that for most users, allocations should not be lower than the final snapshot percentage in each time period.
The differences weren’t fully explained, but the decision was made after users complained about wrong results from the “S2 airdrop checker” tool that was released earlier.
One trader said they only received 336 ASTER tokens, even though they made more than $9 million in trades. A total of 153,000 wallets can get the Aster Genesis: Stage 2 airdrop.
Aster, which was once called APX Finance, is a decentralized exchange (DEX) for trading perpetual futures. It works on Solana, Ethereum, Arbitrum, and BNB Chain.
The platform, which wants to compete with Hyperliquid, saw over $420 billion in trading last month, as reported by The Block.
Right now, ASTER is priced at about $1. 69 and is mostly stable, even though the overall market is struggling due to new trade issues after Donald Trump announced 100% tariffs on goods from China.
Last week, DeFiLlama took down Aster’s trading volume data for a short time because they noticed it was closely linked to Binance’s trading volumes.
On October 5, co-founder 0xngmi said they would remove Aster because they were worried about data accuracy. This was because Aster’s XRP/USDT and ETH/USDT trading pairs were almost exactly the same as those on Binance.
The analytics site said it doesn’t have the detailed information needed to prove possible wash trading, so they decided to pause until they can check it out.
The decision has split the cryptocurrency community, causing discussions about whether the trading amounts were changed on purpose or if it just showed that money was moving from Binance to Aster.
ZachXBT, a blockchain investigator, said Anndy Lian is not taking the problem seriously. Lian responded by saying that the way trading volume matches up with big projects is normal and that the activity of Aster reflects what is happening in the overall market.
He said that spending a lot to get more customers is a choice made by businesses, not really a trick.
Aster pays back traders after a price error with XPL causes losses
Last month, Aster paid back users in USDT because a sudden increase in the price of the XPL perpetual contract caused some forced sell-offs.
During the switch from pre-launch to live trading, there was an unusual event where the price of XPL quickly jumped to over $4, much higher than its usual price of $1. 30 on other platforms.
The exchange acted fast, paying back the first group of traders within hours and covering their fees for losing trades.
The exact cause isn’t known yet, but early guesses suggest it might be due to a wrong price setting or not being in sync with current market information. Aster has promised to keep looking into what happened.
The problem occurred after Plasma, a new main network for stablecoins, started. Its main token, XPL, quickly reached a value of $12 billion.
