What to Know
- Aster’s new “Machi Mode” rewards traders for getting liquidated, turning losses into points.
- Machi Big Brother tops the liquidation leaderboard, with 71 liquidations since Nov 1.
- Aster also clarified tokenomics confusion and moving unlocked tokens to transparent public addresses.
Aster has just announced that “Machi Mode” will launch next week, and yes, you’ll earn points for getting rekt. The announcement came with the line, “you get liquidation points for getting rekt. this one’s for you, king @machibigbrother.”
What does “getting rekt” mean? In crypto slang, to be “rekt” is to suffer a major loss, often due to aggressive leverage, a sudden market move, or a position being liquidated. In other words: you bet big, things go sideways, your position gets wiped, you’re wrecked. And now, Aster is turning that loss into something you can score. Machi Big Brother replied to all this in a retweet saying, “CZ why you got to do me like this brother?”
How Aster’s Machi Mode will Work
Based on the announcement and Aster’s product history, here’s how Machi Mode might roll out:
- Users trade futures or perpetual contracts on Aster as usual.
- If a position gets liquidated, instead of only the pain, they receive liquidation points.
- These points could then be redeemed for rewards, maybe NFTs, special access, badges, or maybe even entries to bigger prize pools.
- The fact that Aster mentions a specific “king” suggests that top liquidators (by count or size) may be celebrated on a leaderboard.
- Hosting this kind of mode may encourage trading volume, risk-taking, and community engagement, all while embracing the meme culture of “I got rekt, and I’m proud.”
Who is Machi Big Brother?
“Machi Big Brother” is the online alias for Jeffrey Huang, a Taiwanese-American entrepreneur and former musician. He is known for his work as a hip-hop artist with the group L.A. Boyz, his role as an entertainer and entrepreneur, and for being a prominent figure in crypto. He has founded companies like Cream Finance and Mithril Cash and is involved with projects like Bored Ape Studios. He is also a high-profile trader known for taking enormous leveraged positions and suffering large liquidations and making it part of his identity.
According to on-chain data, his recent long positions in ETH have been partially liquidated and his unrealised losses exceed $2 million. Another report claimed he lost over $53 million in liquidations in one month. His style of ultra-high leverage, aggressive positions, and a presence that the community watches around. So in many ways, Machi Big Brother embodies the “get rekt” culture and Aster seems to be leaning into that with Machi Mode. In a recent post, Lookonchain reported the 3 most liquidated degens on Hyperliquid since Nov 1 and Machi Big Brother sits at the top position with 71 liquidations alone.
Aster Tokenomics
As for other updates, Aster recently clarified confusion around its tokenomics. A recent update on CoinMarketCap showed token-supply changes that caused concern. The team said the actual tokenomics remain unchanged. They explained that monthly unlocks of the “community & ecosystem” allocation had remained unused and locked, meaning they had not entered the circulating supply.
To increase transparency, the team also said they will transfer unlocked tokens to a separate public unlock address, e.g., 198.3 M $ASTER for liquidity, and 156.8 M $ASTER for community & ecosystem. On the price front, the token fell about 2.09% in the past 24 hours, despite a strong 11.86% weekly gain. The drop aligns with a broader market correction while traders were booking profits after the token’s recent rally. The token faced technical resistance around $1.40, and support around $1.05-$1.10 is now under watch.
Final Thoughts
Machi Mode might seem counterintuitive to traditional finance (why reward a loss?). But in crypto culture, especially among degens, the bold, risky plays bring community respect. Aster is leaning into that by saying, If you get rekt, we’ll give you points.
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