Jupiter DAO has initiated a vote on a proposal to eliminate net emissions of JUP tokens, aiming to cancel the Jupuary airdrop and prevent further token dilution amid a market downturn. The vote, which concludes on February 22, presents two options: maintain the Jupuary airdrop with a distribution of 200 million JUP, or implement a zero net issuance plan. The latter involves postponing Jupuary, returning 700 million JUP to community cold wallets, suspending team reserve issuance, accelerating Mercurial token unlocking, and buying back newly released JUP to manage selling pressure.
Jupiter DAO Proposes Zero Emission Plan for JUP Tokens
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