JST Buyback and Burn Exceeds $38.7 Million Cumulative

Odaily News As of now, JustLend DAO has completed the destruction of 1,084,890,753 JST tokens through its two-phase systematic buyback and burn mechanism, achieving a permanent reduction of 10.96% in the total supply, with a cumulative burn value of approximately $38.7 million. The first phase resulted in a burn valued at $17.73 million, while the second phase further scaled up the process, completing a burn valued at around $21 million. JustLend DAO will continue to implement its transparent and sustainable deflationary economic strategy, continuously solidifying the long-term value foundation of the JST token model.