Ju.com announced today the official launch of a strategic buyback and destruction plan to cope with market fluctuations and enhance the long-term value of the platform currency.

The repurchase is reportedly funded entirely by the platform's recent operating profits, and market buybacks have been initiated immediately. All repurchase transactions will be announced on the official website and official social media platform at 6:00 PM the following day, and 100% of the tokens received will be permanently destroyed in a destruction address.

Ju.com stated that this move aims to enhance token scarcity and long-term value through a deflationary mechanism. Furthermore, future long-term mechanisms (such as regular profit repurchases and capital introductions) will be proposed by the Community Governance Committee and voted on by all token holders. The platform also emphasized that the upcoming launch of XBrokers and Hong Kong stock liquidity mining will continue to provide profit support for the repurchase fund.