JupiterDAO Successfully Implements 30% JUP Token Destruction Plan
Publication Time:2024-08-04 23:26:06
Under the backdrop of growing blockchain technology, JupiterDAO, as a paragon of decentralized autonomous organizations (DAOs), recently made a significant decision within its governance mechanism. Following extensive community discussions and voting, JupiterDAO successfully passed a proposal to destroy 30% of its total JUP token supply. This means that the original 10 billion JUP tokens will be reduced to 7 billion, aiming to optimize currency circulation, boost token value, and promote long-term project development. This action reflects JupiterDAO's high regard for community opinions and commitment to the project's future sustainability, expected to have a positive impact on market participants and the entire ecosystem.
JupiterDAO
JUP token
Token Destruction
Supply Adjustment