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Jupiter Alliance releases draft J4J plan, proposing to reduce total token supply by 30%

Jupiter Alliance releases draft J4J plan, proposing to reduce total token supply by 30%

CointimeCointime2024/06/19 15:58
By:Cointime

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.

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