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Aster DEX announces “Machi Mode” to reward liquidated traders


by Newton Gitonga
for Invezz
Aster DEX announces “Machi Mode” to reward liquidated traders

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Aster DEX announces “Machi Mode” to reward liquidated users

The perpetual decentralized exchange, Aster, is planning to release a new feature that rewards users for their liquidated position.

The innovative “Machi Mode” will launch next week, adding a distinct twist to cryptocurrency trading as bears rule the landscape.

Aster moves to gamify losses

Aster has established itself as a leading DEX with advanced trading features.

The new feature comes days after the platform enriched ASTER’s use cases with collateral and fee discount rewards.

Last month, Aster unveiled Rocket Launch to support new projects.

Now comes the Machi Mode, which aims to turn user losses into an engaging and social experience.

Traders will receive points for liquidations, which determines their ranking on Aster’s leaderboard and unlocks potential incentives.

Notably, the new feature honors Machi Big Brothers, a prominent trader and “influential” figure in the cryptocurrency community.

Aster’s announcement came hours after Lookonchain revealed Machi as the most liquidated trader on rival Hyperliquid.

With the new mode, Aster encourages activity even when trades backfire during heightened volatility.

Top liquidated traders amid market uncertainty

The digital assets space has been unpredictable since the October 10 crash, with prices sliding even amidst bullish news.

The cascade of liquidations has rattled leverage traders.

Lookonchain highlighted three players frequently liquidated on Hyperliquid this month.

Machi Big Brother led the pack with 71 liquidations, followed by James Wynn (26) and Andrew Tate at 19 liquidations.

Why does Aster’s “Machi Mode” matter?

The new feature aims to offer psychological support amid the prevailing broader market turmoil.

Aster plans to incentivize traders who remain engaged and active, even as bearish sentiments prevail.

Starting next week, the DEX will be referring to liquidations as points and not losses.

Moreover, Machi Mode aligns with the increasing trends of gamifying finance, with platforms integrating social and competitive functionalities to boost participation.

Aster’s new feature turns liquidations from a frustrating event to a community-centered experience, allowing traders to track their progress, learn from experienced peers, and compete for higher ranks.

Community response

Initial reactions from cryptocurrency enthusiasts have been positive.

Many see Machi Mode as a fun innovation that alleviates some stigma that comes with losing trades.

The feature underscores Aster’s dedication to enhancing user experience.

One X user replied to Aster:

Getting rekt, but you still win. Finally, some product which actually think for us.

Meanwhile, skeptical players hilariously questioned whether Aster is luring Machi Big Brother from Hyperliquid to liquidate him.

ASTER price outlook

Aster’s native token has been among the few displaying resilience amid the broader selling pressure.

ASTER is trading at $1.34 after gaining more than 12% the past week.

Chart by Coinmarketcap

It lost 1.2% the past 24 hours as most altcoins recorded deeper slides, kept afloat by the ongoing trading competition.

For context, rival HYPE lost 5% and 7% the past week and day, respectively.

Constant ecosystem developments position ASTER for impressive rallies upon solid broader recoveries.

The post Aster DEX announces “Machi Mode” to reward liquidated traders appeared first on Invezz

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Aster DEX announces “Machi Mode” to reward liquidated traders


by Newton Gitonga
for Invezz
Aster DEX announces “Machi Mode” to reward liquidated traders

Share:

Aster DEX announces “Machi Mode” to reward liquidated users

The perpetual decentralized exchange, Aster, is planning to release a new feature that rewards users for their liquidated position.

The innovative “Machi Mode” will launch next week, adding a distinct twist to cryptocurrency trading as bears rule the landscape.

Aster moves to gamify losses

Aster has established itself as a leading DEX with advanced trading features.

The new feature comes days after the platform enriched ASTER’s use cases with collateral and fee discount rewards.

Last month, Aster unveiled Rocket Launch to support new projects.

Now comes the Machi Mode, which aims to turn user losses into an engaging and social experience.

Traders will receive points for liquidations, which determines their ranking on Aster’s leaderboard and unlocks potential incentives.

Notably, the new feature honors Machi Big Brothers, a prominent trader and “influential” figure in the cryptocurrency community.

Aster’s announcement came hours after Lookonchain revealed Machi as the most liquidated trader on rival Hyperliquid.

With the new mode, Aster encourages activity even when trades backfire during heightened volatility.

Top liquidated traders amid market uncertainty

The digital assets space has been unpredictable since the October 10 crash, with prices sliding even amidst bullish news.

The cascade of liquidations has rattled leverage traders.

Lookonchain highlighted three players frequently liquidated on Hyperliquid this month.

Machi Big Brother led the pack with 71 liquidations, followed by James Wynn (26) and Andrew Tate at 19 liquidations.

Why does Aster’s “Machi Mode” matter?

The new feature aims to offer psychological support amid the prevailing broader market turmoil.

Aster plans to incentivize traders who remain engaged and active, even as bearish sentiments prevail.

Starting next week, the DEX will be referring to liquidations as points and not losses.

Moreover, Machi Mode aligns with the increasing trends of gamifying finance, with platforms integrating social and competitive functionalities to boost participation.

Aster’s new feature turns liquidations from a frustrating event to a community-centered experience, allowing traders to track their progress, learn from experienced peers, and compete for higher ranks.

Community response

Initial reactions from cryptocurrency enthusiasts have been positive.

Many see Machi Mode as a fun innovation that alleviates some stigma that comes with losing trades.

The feature underscores Aster’s dedication to enhancing user experience.

One X user replied to Aster:

Getting rekt, but you still win. Finally, some product which actually think for us.

Meanwhile, skeptical players hilariously questioned whether Aster is luring Machi Big Brother from Hyperliquid to liquidate him.

ASTER price outlook

Aster’s native token has been among the few displaying resilience amid the broader selling pressure.

ASTER is trading at $1.34 after gaining more than 12% the past week.

Chart by Coinmarketcap

It lost 1.2% the past 24 hours as most altcoins recorded deeper slides, kept afloat by the ongoing trading competition.

For context, rival HYPE lost 5% and 7% the past week and day, respectively.

Constant ecosystem developments position ASTER for impressive rallies upon solid broader recoveries.

The post Aster DEX announces “Machi Mode” to reward liquidated traders appeared first on Invezz

Read the article at Invezz

In This News

Share:

In This News

Share:

Read More

Phantom Wallet launches Cash Accounts for seamless crypto-to-cash swaps

Phantom Wallet launches Cash Accounts for seamless crypto-to-cash swaps

Phantom has announced a key feature aimed at turning its wallet into an inclusive fin...
TRON devs propose TIP-6780 upgrade to strengthen EVM alignment with Ethereum

TRON devs propose TIP-6780 upgrade to strengthen EVM alignment with Ethereum

TRON’s core development team has unveiled a strategic proposal, TIP-6780, aimed at mo...