What is Aster Coin? A detailed explanation of decentralized exchange functions

Source: BTCHaber Original Title: What is Aster coin? Original Link: https://www.btchaber.com/aster-coin-nedir/

Overview of Aster Coin

Aster coin is the native cryptocurrency of the Aster ecosystem. Aster is a decentralized exchange that allows users to trade cryptocurrencies on-chain, combined with various reward models.

Aster supports futures and spot trading. In the reward mode, users can use income-generating assets as collateral to earn passive income.

Trading Modes

1001x Simple Mode allows users to perform leveraged trading with one click. Its name comes from some assets supporting up to 1001x leverage. Pro mode provides an advanced order book-based interface for perpetual futures.

How Aster Works

As a decentralized exchange, Aster offers multiple functions on a single platform.

Simple Mode is based on a shared liquidity pool model. Users providing ALP liquidity can act as liquidity providers. The system uses decentralized oracles to ensure transparency and prevent price manipulation.

Pro Mode is based on an order book system. Orders that are not immediately filled are called pending orders, while immediately filled orders are called market orders.

Pro mode offers two types of orders:

• Hidden Orders: The trading size and assets are not visible in the order book before execution, minimizing market impact
• Grid Trading: Executes multiple limit orders within a predetermined price range to profit from market fluctuations

Uses of ASTER Coin

ASTER coin is the fundamental cryptocurrency in the ecosystem, functioning as a utility token. Users can use ASTER to pay for trading fees.

On the new project discovery platform Rocket Launch, users need to hold at least 100 ASTER to participate in projects. Additionally, during airdrops, users holding ASTER in their wallets can earn extra points.

Token Distribution

The maximum supply of ASTER coin is 8 billion, allocated as follows:

• Airdrop: 53.5%
• Ecosystem and Community: 30%
• Treasury: 7%
• Team: 5%
• Liquidity and Listing: 4.5%

How to Buy ASTER Coin

Steps to purchase ASTER coin:

1. Create an account on a cryptocurrency exchange
2. Complete the identity verification process
3. Ensure your account has a balance. If not, choose bank transfer or credit card payment methods
4. Deposit funds and buy the desired amount of assets
5. Search for ASTER in the exchange’s “Buy/Sell” or “Market” section
6. Click the “Buy” button to start trading
7. Enter the amount of TL to purchase and proceed
8. After confirming the amount, the exchange will automatically verify your account balance
9. Finally, click the “Buy” button again to confirm. Cryptocurrency purchases are executed immediately, and assets will be credited to your account shortly

Disclaimer: This article does not constitute investment advice or recommendations. All investment and trading activities carry risks; readers should conduct their own research before making decisions.