Jupiter DAO plans to reduce the JUP issuance to nearly zero, with the 700 million airdrop possibly delayed
On February 14th, the important Solana ecosystem project Jupiter submitted a key proposal to its DAO, planning to reduce the net token issuance of JUP to "near zero" to alleviate market concerns about inflation and selling pressure, and to strengthen the long-term value support of the token. The plan has entered the community voting stage, and the final result will be decided by token holders.
According to the proposal, the team will begin to cut down on new supply from three main sources. First, all token releases from the team reserve will be indefinitely suspended, with unreleased tokens directly absorbed by the treasury and no longer entering the secondary market. Second, the originally scheduled "Jupuary" airdrop will be postponed; approximately 700 million tokens from this round will be temporarily returned to a multi-signature wallet controlled by the community, with snapshots of eligible users still retained for future distribution. Third, tokens unlocked related to Mercurial will be accelerated in release but will be repurchased by the treasury to offset potential selling.
GateNews·02-14 06:37