$JUP Jupiter Proposes Major Reduction in JUP Token Supply

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Jupiter has launched an important voting initiative for its token holders, focusing on a major reduction in JUP token supply.

CAT Deep Dive: Enhance certainty for JUP community via a token supply reduction vote https://t.co/3ybcm1hCvP

— Jupiter (@JupiterExchange) August 1, 2024

The proposal seeks to cut 3 billion JUP tokens from circulation as part of a strategic effort to refine its tokenomics and enhance its competitive stance in the crypto market.

The vote centers on a significant reduction in the total JUP supply, aiming to lower it from 10 billion to 7 billion tokens. 

This move is intended to increase certainty, alignment, and transparency within the JUP community. 

Previously, the co-founder Meow outlined plans for a 30% cut in both the total supply and team allocations, along with a 30% decrease in “Jupuary” emissions.

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