Aster launches Rocket Launch Round 7, new coin SPACE debuts tonight with spot and perpetual contracts available

BlockBeats News, January 23 — Aster announced the launch of Rocket Launch Round 7, a new token offering event for Spacecoin ($SPACE). Aster will become the first DEX to list $SPACE spot and perpetual contracts simultaneously, and will exclusively launch the SPACE/USD1 spot trading pair.

According to the announcement, $SPACE perpetual contract SPACEUSDT will go live at 14:00 (UTC) on January 23, while 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 rewards for this event include the equivalent of $150,000 USD in $ASTER and 15.75 million $SPACE tokens. During the event, both spot and perpetual trading will enjoy a 1.5x trading weight bonus. Perpetual rewards will be distributed based on users’ share of trading fees in the SPACEUSDT contract; spot rewards will be allocated based on the share of trading fees in the SPACE/USD1 spot market. A single user can receive up to 3% of the total prize pool.

To participate, users must hold at least 444 $ASTER tokens (combined spot and perpetual accounts) throughout the event period and pass a random snapshot for eligibility verification. Rewards will only be distributed to qualified users who meet the minimum fee and holding requirements.

Additionally, Aster is launching a limited-time promotion with zero trading fees for USD1/USDT spot trading, making it easier for users to acquire USD1 and participate in SPACE/USD1 trading.