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How many $JUP tokens will be burnt as part of the supply reduction proposal by December 31, 2024?
5
Resolution / Starting Odds
Less than 2 billion • 33%
2 to 3 billion • 34%
More than 3 billion • 33%
Official announcement from Jupiter Exchange
Story
Jupiter Exchange Proposes 30% Reduction in $JUP Supply Worth $2.3B, Token Surges 10%
Jun 19, 2024, 04:14 PM
Jupiter Exchange has announced a significant proposal to reduce the total supply of its $JUP token by 30%. This reduction, which amounts to 3 billion tokens worth $2.3 billion, will be deducted from the team's allocation and will not impact annual airdrops to the community. The proposal includes the team voluntarily cutting 30% from their assigned allocation and a corresponding 30% reduction in Jupuary emissions. Additionally, the team will stake 100% of their year-1 cliff for two additional years and there will be 2 more seasons of Jupuary and ASR. Following the announcement, $JUP surged over 10%.
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350M-400M • 33%
401M-450M • 33%
More than 450M • 33%
Below 50 million • 25%
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Core contributors > 25% • 25%
Venture capitalists > 5% • 25%
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Below 50,000 • 25%
50,000 to 99,999 • 25%
100,000 to 149,999 • 25%
150,000 and above • 25%
Release more than 1 billion • 25%
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15 billion to 17 billion • 33%
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Less than 10,000 • 25%
10,000 to 50,000 • 25%
50,001 to 100,000 • 25%
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