Time-sensitive update for JUP stakers

Action needed: voting 🗳 
Theme: 30% JUP total supply reduction.

Jupiter Exchange releases the first of a series of three JUP-related votes to help build more certainty among the JUP community and its holder base.

The project team aims to demonstrate a high level of transparency regarding the token distribution, addressing concerns around high FDV and allowing voters to decide the major parts of the potential emissions.

3️⃣ Key notes:

● The team will voluntarily cut 30% from its assigned allocation.

● Corresponding 30% reduction in Jupuary's emissions.

● The remaining reductions will come from previously assigned allocations, such as those from LP and strategic reserves.

Edge: The reduction of the total supply from 10 billion to 7 billion depends on the success of this proposal, as decided by the community. 🫡

Once successful, the 50/50 principle would be applied. ---->>> 1.5B JUP would be burned from both the team and community treasuries.

Ps: …

Web3 coach | meme trader | @thedefimetro on X.