Jupiter has recently announced the launch of a proposal voting process aimed at reducing the supply of JUP tokens on the X platform. This initiative is geared towards enhancing the certainty, consistency, and transparency for token holders and community members, ensuring the healthy development of the ecosystem. The proposal was submitted by Meow and the core team, proposing to decrease the total JUP supply from 1 billion to 700 million tokens. Notably, the Jupiter team also pledged to reduce its designated allocation portion by 30%, demonstrating its commitment to optimizing the ecosystem. The commencement of this voting marks a significant step forward for Jupiter in continuously driving its ecosystem towards greater efficiency and fairness.