Aster Initiates Rocket Launch Round 7, New Coin SPACE to Debut Tonight on Spot and Perpetual Contract

BlockBeats News, January 23, Aster announced the launch of Rocket Launch Round 7 new coin issuance event, featuring the Spacecoin ($SPACE) project. Aster will be the first DEX to simultaneously list $SPACE spot and perpetual contract trading, and exclusively launch the SPACE/USD1 spot trading pair.

According to the announcement, the $SPACE perpetual contract SPACEUSDT will be launched at 14:00 (UTC) on January 23, and the spot trading pair SPACE/USD1 will open at 12:00 (UTC) on January 23. The event will run until 14:00 (UTC) on February 2.

The total reward pool for this event includes $150,000 equivalent of $ASTER and 15.75 million $SPACE tokens. During the event, both spot and perpetual trading will enjoy a 1.5x trading weight bonus. The perpetual reward will be distributed based on the user's share of the SPACEUSDT contract trading fees; the spot reward will be distributed based on the share of the SPACE/USD1 spot trading fees. A single user can receive a maximum of 3% of the total reward pool.

To participate in the event, users must hold no less than 444 $ASTER tokens throughout the entire event period (combined in spot and perpetual accounts) and pass eligibility verification through random snapshots. Rewards will only be distributed to eligible users who meet the minimum fee and holding requirements.

In addition, Aster is launching a USD1/USDT spot 0 fee limited-time event simultaneously to facilitate users in acquiring USD1 for participating in SPACE/USD1 trading.