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Jupiter Alliance releases draft J4J plan, proposing to reduce total token supply by 30%
2024-06-19 15:45:40
Odaily News Jupiter co-founder Meow published a draft of the J4J plan on the X platform, which mainly includes the initiation of a JUP proposal - proposing to reduce the total supply of JUP by 30%; - the team will voluntarily cut its allocation by 30%; - Jupuary release will be reduced by 30% accordingly; - Jupiter has no direct investors in JUP, which will reduce the burden on FDV, activate the community to truly understand the JUP token economics, and address concerns about high emission levels, and motivate everyone to develop metadata together. Meow said that the team will pledge 100% of the tokens in the first year of the cliff period in the next two years to ensure that there will be no supply shocks, and he and Siong (and many others in the team) have committed to lock all vested tokens until June 2026. The relevant plan is currently only a draft, and the full proposal will be put forward before the actual DAO vote.