The community for Jupiter, a Solana-based decentralized exchange aggregator, is preparing to vote on a proposal to reduce its token’s supply by 30%.
Voting will begin on Aug. 1, with the proposal advocating for reducing JUP’s supply by nearly one-third by shrinking both team allocations and new token emissions by 30%.
The supply reduction was first floated in June. Meow, Jupiter’s pseudonymous founder, said the move will “cut the fat” from the project’s fully-diluted valuation and address community concerns regarding the JUP's high rate of new token emissions.
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#undefined [Source: TheDefiant]