Today I received a message questioning the
$ASTER buybacks, implying that they're making transactions between various wallets and not actually repurchasing, and that it's unknown where they're buying from (spoiler: Pancakeswap).
So I've chosen a random buyback transaction and I'm going to explain the whole process to understand what's happening internally on the blockchain and put an end to the unfounded FUD. Before accusing someone, you should learn to read the blockchain.
- This is the transaction:
bscscan.com/tx/0xd86b71b1dceโฆ
Step-by-step explanation of each of the operations within the transaction:
๐ธ1. The transaction begins with the entry of funds and the preparation of the stable tokens (BUSD) that will be used for the purchase:
- Movement 1 and 2 (BUSD Entry):
Aster: Buyback 2 sends 5,000 BUSD to the address 0xa6F7444D...671e63994.
Immediately, this address transfers the 5,000 BUSD to another address, 0x1A2bb6B7...a3F637940.
Interpretation: The address 0x1A2bb6B7...a3F637940 (the main operational address) is being funded with BUSD.
๐ธThe core of the transaction is the exchange involving PancakeSwap:
- Movement 3 (ASTER Sale/Entry to Swap):
The address 0xaeaD6bd3...61585b0b1 sends 4,974.38 ASTER to the exchange contract PancakeSwap: Universal Router 2.
Interpretation: This is the selling side or liquidity provision of ASTER.
- Movement 4 (ASTER Purchase/BUSD Exit):
The main operational address, 0x1A2bb6B7...a3F637940 (holding the 5,000 BUSD), sends 5,000 BUSD to the address 0xaeaD6bd3...61585b0b1.
Interpretation: This is the counterpart of the exchange: the BUSD is sent to the address that sold/provided ASTER. The address 0x1A2bb6B7...a3F637940 has effectively purchased ASTER through this process.
๐ธAfter the exchange, the acquired ASTER is distributed or utilized:
- Movement 5 and 6 (Distribution of Acquired ASTER): The PancakeSwap Router sends two quantities of ASTER from the swap: 12.43 ASTER to the address 0xfeE0000a...8872b7F02. (A small distribution/fee). 4,961.94 ASTER to the main operational address, 0x1A2bb6B7...a3F637940. (The bulk of the purchase).
- Movement 7, 8 and 9 (Buyback and Internal Movement): The main address, 0x1A2bb6B7...a3F637940, sends the acquired 4,961.94 ASTER to the address 0xa6F7444D...671e63994. This address, 0xa6F7444D...671e63994, splits the ASTER into two: A very small amount, 0.25 ASTER, is sent to the address 0xA05405b6...b1F028359. The vast majority, 4,961.69 ASTER, is sent to the contract Aster: Buyback 2.
Interpretation: The Buyback has been executed: The ASTER acquired with the 5,000 BUSD has been returned to the buyback contract.
๐ธThe final movements: fee, or very small balance adjustments transactions involving other stable tokens (USDC) and WBNB:
- Movement 10 to 14 (ASTER/USDC/BUSD Adjustments): There is a series of micro-transactions (0.25 ASTER/USDC/BUSD) between the internal addresses (0xA05405b6..., 0x1A2bb6B7..., 0x27d90157...) and the PancakeSwap Router.
Interpretation: These are likely fee adjustments, dust (small remaining amounts), or gas payments being settled through the same transaction.
- Movement 15 to 18 (WBNB Usage): The last movements show a tiny amount of Wrapped BNB (WBNB), also valued at $0.25, being used between a new address (0x172fcD41...) and the main operational address (0x1A2bb6B7...), ending up in the adjustment address (0xA05405b6...).
Interpretation: It is very common for gas fees on BSC to be paid in BNB, and WBNB (the tokenized version of BNB) is often used to settle fees or minor balances within smart contracts.
โก๏ธ CONCLUSION: Blockchain is difficult to understand from a technical point of view, but it's transparent and doesn't deceive. Everything else is unfounded FUD born of ignorance. And the worst part is that it's the
#ASTER holders themselves, driven by their impatience, who are sowing these doubts. Do some research and learn before spreading your misinformation online and shooting yourself in the foot.
๐ค Share by reposting
#AsterDex