Jupiter DAO has initiated a vote on the proposal to reduce the net "emission" of JUP tokens to zero.

JUP-4,78%

PANews February 18th News, according to Cryptopolitan, Jupiter DAO has initiated a vote on a proposal to reduce the net “issuance” of JUP tokens to zero, aiming to cancel the Jupuary airdrop to avoid further token dilution in a persistently bearish market. The voting will end on February 22nd. The proposal offers two options: one is to continue with Jupuary, open airdrop queries and distribute 200 million JUP within one week after the vote ends; the second is to adopt a zero net issuance plan, indefinitely postpone Jupuary, return the 700 million JUP prepared to the community cold multi-signature wallet, indefinitely suspend team reserves issuance, accelerate the unlocking of Mercurial tokens, and buy back some of the newly released JUP to absorb selling pressure.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

BGD Labs Announces Offboarding Plan From Aave Protocol

After climbing the previous week on the heels of Grayscale’s S-1 filing, the decentralized finance ( DeFi) token linked to the lending protocol Aave slipped 7% against the greenback, giving back a portion of those earlier gains. As the market recalibrated, BGD Labs disclosed it will end its

Coinpedia4h ago

VeChain Introduces ReCircleRewards to Verify and Reward Real-World Mobility

ReCircleRewards verifies mobility activity using receipt OCR normalization, duplicate checks and cross-field validation across providers. VeChain anchors verified actions and reward records on-chain, so distribution stays transparent, tamper-resistant, and auditable for partners. VeChain

CryptoNewsFlash5h ago

Uniswap Launches 7 AI Skills to Automate DeFi Operations

Uniswap Labs released seven AI Skills to standardize agent interaction with Uniswap v4. Tools enable swaps, liquidity management, pool deployment, and tighter slippage control. Open-source Python and TypeScript integrations aim to cut failed trades and boost automation. Uniswap Labs

CryptoFrontNews8h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)