thedefimetro
@thedefimetro
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: …
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Isaac Chigemezu
@isaac123
Good
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