JST Phase 3 Burns 271 Million Tokens, Treasury Reserves Surpass $100 Million

Odaily News According to official data, JST conducted a single burn of 271 million $JST tokens, equivalent to approximately $21.3 million, accounting for 2.74% of the current total supply. Concurrently, the treasury reserve has surpassed the $100 million mark. All funds used for the buyback and burn originate from the protocol's real revenue, thereby establishing an automated deflationary closed-loop system driven by actual earnings, where buybacks and burns operate continuously.