Market
What will be the outcome of Jupiter Exchange's shift from governance to utility by end of 2025?
2
Resolution / Starting Odds
Increased token utility • 25%
Increased token value • 25%
No significant change • 25%
Decreased token value • 25%
Official reports from Jupiter Exchange or industry analysis reports
Story
Jupiter Exchange to Use 50% of Protocol Fees for $JUP Buybacks, Plans to Burn 3 Billion JUP
Jan 26, 2025, 11:56 AM
Jupiter Exchange has announced a new initiative to allocate 50% of its protocol fees towards buybacks of its $JUP token. This move is aimed at enhancing the token's utility and value, signaling a shift from governance to utility within the Solana ecosystem. The buyback program is part of Jupiter's strategy to build a long-term reserve of $JUP tokens, with the exchange charging a 0.05% fee on all Ultra swaps. Additionally, Jupiter plans to burn 3 billion JUP tokens at an upcoming event called Catstanbul.
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Yes • 50%
No • 50%
Less than 20% • 25%
41% to 60% • 25%
20% to 40% • 25%
More than 60% • 25%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Negative with decreased trading volume • 25%
Positive with increased trading volume • 25%
Neutral with stable trading volume • 25%
Mixed reactions • 25%
Less than 400 million • 25%
More than 440 million • 25%
420 million to 440 million • 25%
400 million to 420 million • 25%