Upbit Announces Changes to Jupiter (JUP) Circulation Plan…"Maximum Supply to Decrease by 30%"
Summary
- Upbit announced that the maximum issuance of Jupiter (JUP) tokens is set to decrease by 30%.
- This is the result of a decision passed by the Jupiter community to reduce the total supply and conduct an airdrop.
- As a result, the investment value of JUP tokens may be affected by the changed supply plan.
Domestic cryptocurrency exchange Upbit has announced changes to the circulation plan for Jupiter (JUP).
On the 14th, Upbit stated, "The Jupiter Decentralized Autonomous Organization (DAO) regularly conducts votes on JUP tokens," adding, "Recently, the Jupiter community passed proposals to airdrop 700 million JUP to users and to reduce the total supply of tokens by 3 billion." With the passage of these proposals, the maximum issuance of JUP tokens will decrease by 30%.
Upbit added, "Upbit discloses information on circulation plans and any changes when provided by the project team."
Jupiter is a DeFi project aimed at providing users with an optimal trading environment by utilizing liquidity scattered across various Solana (SOL)-based decentralized exchanges (DEX).
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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