Jupiter Alliance releases draft J4J plan, proposing to reduce total token supply by 30%
Meow, co-founder of Jupiter, published a draft of the J4J plan on X platform, which mainly includes proposing the JUP proposal:- Proposing to reduce the total supply of JUP by 30%; - The team will voluntarily reduce its allocation by 30%;- The corresponding release of Jupuary will be reduced by 30%;- Jupiter has no direct investors in JUP. This will reduce the burden of FDV, activate the community's true understanding of JUP token economics, solve concerns about high emissions, and encourage everyone to develop metadata together.Meow stated that the team will pledge 100% of the tokens in the first year's cliff period in the next two years to ensure that there will be no supply shock. He and Siong (and many others in the team) promise to lock all the owned tokens until June 2026. Currently, the related plan is only a draft, and the complete proposal will be submitted before the actual DAO vote.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget to support loan and margin functions for select assets in unified account
Subscribe to CYC Savings and enjoy up to 20% APR
[Initial Listing] Bitget Will List Succinct (PROVE). Come and grab a share of 66,666 PROVE
BGB Holders' August Surf Fest — ride the wealth wave and win from $10,000!
Trending news
MoreCrypto prices
More








