Jupiter launches Litterbox Trust and announces 2030 proposal to enhance long-term stability of JUP
PANews|Feb 26, 2025 03:50
Jupiter founder Meow revealed in a post today that Jupiter has conducted multiple recruitment and acquisitions in the past year, including two undisclosed acquisitions, to enhance the capabilities of its three core platforms, Jup.ag, Jupiverse, and Jupnet. Meow emphasized that the acquisition funds will be paid by the national treasury and will not affect the JUP token economy. In addition, Jupiter announced the establishment of Litterbox Trust, managed by an independent third-party and already operational, with plans to receive 50% of the protocol's revenue over the next two years for strategic accumulation of JUP to enhance the long-term stability of the token. Meow also proposed the '2030 Proposal', which plans to use its 280 million individual JUP tokens for team incentives and receive 500 million JUP tokens as compensation by 2030. The proposal still requires community voting to decide.
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