律动BlockBeats
律动BlockBeats|Oct 31, 2025 02:03
[The Jupiter community is voting on whether to burn the previously repurchased 130 million JUP] BlockBeats news, on October 31, Jupiter's official social media account announced that after the team scaled down the decentralized autonomous organization (DAO) and conducted a community reset, the 'Litterbox burn vote' marks the next major step in this new beginning—refocusing on positioning JUP as the core of the ecosystem and rebuilding long-term confidence and consensus. Currently, 50% of Jupiter's on-chain revenue is allocated to the 'Litterbox Trust Fund,' which repurchases JUP from the open market. To date, approximately 130 million JUP have been repurchased, accounting for about 4% of the circulating supply. These tokens were initially intended for DAO use after three years. However, recently, token holders have made it clear that these JUP are causing uncertainty for the community and token holders. The team has heard the concerns. Today, the DAO will begin voting on whether to burn these existing tokens (the vote will end in 4 days and 13 hours). In the coming weeks, another separate vote will be held to decide how to handle the ongoing revenue flowing into the 'Litterbox.'
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