Odaily News According to Jupiter's official announcement, the supply reduction proposal is now live, aiming to provide more certainty, alignment and transparency for all JUP holders and the community. The proposal suggests reducing the total supply of JUP by 30%, from 10 billion to 7 billion. Specific measures include the team voluntarily reducing its allocation by 30%, a corresponding reduction of 30% in Jupuary issuance, and cutting the rest from liquidity provision and strategic reserves. These 3 billion JUPs will be gradually destroyed (which may take 6 months). Voting will start on August 1 and last until August 4. Earlier news, Jupiter Lianchuang announced a draft transparency measure, including that JUP tokens are regularly subject to community review.