The Jupiter community's proposal to “reduce the total supply of JUP by 30%” is being voted on until August 4th
According to an official announcement from Jupiter, the Supply Reduction Proposal is now live and aims to provide more certainty, alignment and transparency for all JUP holders and the community. The proposal suggests a 30% reduction in total JUP supply, from 10 billion to 7 billion, by voluntarily reducing the team's allocation by 30%, reducing Jupuary issuance by 30% accordingly, and cutting the remainder from liquidity provision and strategic reserves. The 3 billion JUPs will be gradually destroyed (could take up to 6 months). Voting begins on August 1st and continues until August 4th.
As reported earlier this week, Jupiter United announced draft transparency measures, including regular community audits of JUP tokens.
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.
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