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

JUP-4,92%

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

Société Générale-FORGE Expands EURCV Stablecoin to Stellar Network Under MiCA Rules

Société Générale-FORGE has expanded its euro-backed stablecoin, EUR CoinVertible, to the Stellar blockchain, enhancing its multichain strategy and enabling broader access to compliant digital currencies. This growth aims to link traditional finance with blockchain technology and supports the EU's MiCA regulation.

CryptometerIo20m ago

DoubleZero launches the real-time market data delivery platform DoubleZero Edge

DoubleZero launched the real-time market data delivery platform DoubleZero Edge on March 11, providing traders with high-speed data transmission services. The platform uses multicast technology to ensure a fair competitive environment. Starting from Epoch 939, validators are exempt from the 5% block reward fee and can earn additional income by publishing shreds.

GateNews26m ago

Cardano Introduces Programmable Tokens With New CIP-0113 Standard

The Cardano Foundation has released CIP-0113, which allows token issuers to embed enforceable compliance logic directly to native assets on the network. The goal is to enhance regulated tokenization as institutions have been demanding tokens that can enforce features like KYC and AML

CryptoNewsFlash27m ago

Across Protocol initiates a temperature check proposal to explore transformation into a U.S. C-class company and equity structure

Across Protocol proposes a temperature check initiative, planning to transform the existing DAO and token structure into a C Corporation in the United States. ACX token holders can exchange their equity proportionally or redeem for USDC, and holders can choose different participation methods based on their scale.

GateNews36m ago

Osmosis proposes to migrate governance to Cosmos Hub, and OSMO will be converted to ATOM within 6 months.

Osmosis plans to migrate its DEX to Cosmos Hub. If approved, native liquidity, governance, and security will be unified. Circulating OSMO will be converted to ATOM at a specific ratio within 6 months, without affecting existing staking emissions. Unclaimed ATOM will be returned to the community pool.

GateNews41m ago

Pi Network Migration Moves 85K Pi Before Pausing Again

The migration process on Pi Network briefly restarted on March 10 before stopping again. During this short window, the network transferred about 85,000 Pi coins to user wallets. The migration resumed around 3 PM Beijing time, according to community updates. But the process paused again after the tra

Coinfomania1h ago
Comment
0/400
No comments