🎯📰JUST IN: The Jupiter community is currently voting to decide whether to burn the previously repurchased 130 million $JUP tokens.
Currently, 50% of Jupiter on-chain revenue goes into the "Litterbox Trust Fund," which buys back JUP from the open market. So far, approximately 130 million JUP has been accumulated, accounting for about 4% of the circulating supply. These tokens were initially intended for the DAO use in 3 years. However, recently, holders have made it clear that these JUP tokens are creating uncertainty for the community and token holders. The team has heard the voices. Today, the DAO will begin voting on whether to burn these existing tokens (remaining 4 days 13 hours deadline). In the upcoming weeks, another separate vote will be held to decide how to handle the ongoing inflow of income into the "Litterbox."
After graduation, $G tokens will use 10% of creators' earnings to purchase tokens monthly and airdrop them to Bagsapp founder @finnbags.
3.29K
3
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.