Jupiter's community has voted to reduce the net future release of JUP tokens to zero, with a 75% majority supporting the proposal. The decision affects three main sources of JUP release: the Jupuary airdrop, team token vesting, and Mercurial allocation unlocking. The Jupuary airdrop is postponed indefinitely, with 700 million JUP tokens returned to the community multisig cold wallet. Team token releases are suspended, with members receiving JUP as a claim on Jupiter’s balance sheet instead. Additionally, Jupiter will hedge selling pressure from Mercurial stakeholders by purchasing an equal amount of tokens to mitigate market impact.
Jupiter Community Approves Zero Net Release of JUP Tokens
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
