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Jupiter: 90 million JUP tokens have been withdrawn from circulation

Jupiter: 90 million JUP tokens have been withdrawn from circulation

CointimeCointime2024/02/08 06:11
By:Cointime

Jupiter has released Launchpool, Jupiter DAO, and LFG updates on the X platform. They disclosed that currently 90 million JUP tokens have been extracted and sent to a multi-signature cold wallet and removed from circulation. The first batch of $10 million USDC withdrawals has been completed, and the remaining USDC will gradually be removed from liquidity over the next few months. Jupiter stated that they will encourage participation and provide funding for important initiatives for Jupiter DAO, including: 75% of future LFG Launchpad fees will be allocated to governance participants; 75% of DLMM Launchpad fees will be allocated to Jupiter DAO. Jupiter DAO will receive 100 million JUP from LFG Launchpad for voting incentives and 6.15 million tokens from JUP Launch for operational funds.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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