Jupiter Exchange has announced a significant proposal to reduce the total supply of its JUP token by 30%. The reduction will come from both the team's allocation and future emissions. This move, which includes burning 3 billion JUP tokens, is aimed at creating value for the community. The team will also stake 100% of their year-1 cliff for an additional two years. This proposal has led to a 7% rise in the JUP token's value. The community-driven initiative seeks to ensure no supply shock and maintain long-term stability. Additionally, the proposal includes plans for future Jupuary and ASR seasons.
Meow speaks on a Proposal to BURN 30% of the total $JUP token supply https://t.co/tvG3Gd5exy
everyone is excited about $JUP supply reduction, but there is much more behind it the Jupiter team will be staking 100% of the 1st year cliff for 2 more years to ensure no supply shock many people in the team are committing to locking all tokens vested till June 2026, well… https://t.co/psdWFnR5PT
.@JupiterExchange’s JUP token rose 7% on a proposed tokenomics change. Pseudonymous co-founder @weremeow shared a draft of a governance proposal to reduce both JUP’s 10 billion total token supply and the team’s cut by 30%. @httpsageyd reports. https://t.co/blWBVlLtZ3
In this crucial planetary call, we covered the past, present and future of JUP, including the proposal for supply reduction and future jupuaries and ASR. Here are the timestamps for the key topics covered - enjoy! ——- 04:04 - The Future of JUP 05:45 - Key Ideas Behind $JUP… https://t.co/OqbjsRkfar
NEWS: @JupiterExchange to Torch 3 Billion $JUP Tokens in Historic Community-Driven Move https://t.co/4Fcar399Am
The Jupiter team just dropped a massive proposal 🤯 Highlights: -30% reduction in JUP supply (coming from team and future emissions, cutting FDV) -Team to stake 100% of their year-1 cliff for 2 addl years -2 more seasons of Jupuary and ASR Community eats first, Chefs eat last… https://t.co/da5zToE8CW
"Propose 30% reduction in JUP total supply" Never bought a coin so quickly. $JUP https://t.co/7VsKWds8HF
No time for an essay, so here’s the quick and dirty draft of the J4J plans: 1. JUP Proposal - Propose 30% reduction in JUP total supply - Team will voluntarily cut 30% from their assigned allocation - Corresponding 30% reduction in Jupuary emissions - Possible because we don’t… https://t.co/rt5JA9UMb2
Will be having a super candid conversation today about growing Jupiter, JUP and the Jupiverse, as well as higher level ideas like value creation and all. Also first time doing a planetary call live, so join us in London if you are around and free! Otherwise, see you on YT or… https://t.co/5DzgAnDQHf