Jupiter Opens Vote on 215 Million Unclaimed JUP Tokens
New Darlings: A Review of External Futures
On September 27, the Jupiter team announced that voting on the fate of 215 million unclaimed JUP tokens is now live. These tokens are ponied up from the airdrop of the Solana headquartered DEX exchange aggregator and are either not claimed or belong to hacked wallets.
There are three options offered to the community in the proposal
Allocate Tokens to Staking Rewards
The team indicates that the surplus JUP tokens can be added to the already active staking rewards (ASR) for one more year. This will help to encourage the community towards active participation and engagement in governance.
Burn the Tokens: Another suggestion is to burn the unclaimed JUP tokens which will in turn less the total supply of the total 1.35 billion tokens in effect. This can result in the appreciation of the rest of the tokens.
Return to Community Wallet
The last suggestion is to put the tokens back in the community owned multisig wallet until further funds allocation decisions are made.
Concept Error Fixed
When Will Depreciation Burn Value Retain Inside a JUP
In the situation community allows waning of 215 million unclaimed tokens, the said tokens will be taken out of the already in circulation supply. This is also such that it will be good for the token value because the fewer the tokens the more the demand.
As of now the circulating supply of the jup’s ceiling is fixed at 1.35 billion. A deduction of 215 million tokens will clearly show a quite a large cut back, which in turn raises the price of the commodity.
Financing Active Stake Rewards (ASR)
The active staking rewards (ASR) program intends to reward those who will contribute to the DEX’s governance by holding tokens. The figure of 100 million JUP has already been set aside from Jupiter’s treasury to jumpstart the programme and half of those tokens are for DAO voters during the first quarter.
The further 50 million JUP is expected to be disbursed beginning O
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Jupiter Opens Vote on 215 Million Unclaimed JUP Tokens
New Darlings: A Review of External Futures
On September 27, the Jupiter team announced that voting on the fate of 215 million unclaimed JUP tokens is now live. These tokens are ponied up from the airdrop of the Solana headquartered DEX exchange aggregator and are either not claimed or belong to hacked wallets.
There are three options offered to the community in the proposal
Allocate Tokens to Staking Rewards
The team indicates that the surplus JUP tokens can be added to the already active staking rewards (ASR) for one more year. This will help to encourage the community towards active participation and engagement in governance.
Burn the Tokens: Another suggestion is to burn the unclaimed JUP tokens which will in turn less the total supply of the total 1.35 billion tokens in effect. This can result in the appreciation of the rest of the tokens.
Return to Community Wallet
The last suggestion is to put the tokens back in the community owned multisig wallet until further funds allocation decisions are made.
Concept Error Fixed
When Will Depreciation Burn Value Retain Inside a JUP
In the situation community allows waning of 215 million unclaimed tokens, the said tokens will be taken out of the already in circulation supply. This is also such that it will be good for the token value because the fewer the tokens the more the demand.
As of now the circulating supply of the jup’s ceiling is fixed at 1.35 billion. A deduction of 215 million tokens will clearly show a quite a large cut back, which in turn raises the price of the commodity.
Financing Active Stake Rewards (ASR)
The active staking rewards (ASR) program intends to reward those who will contribute to the DEX’s governance by holding tokens. The figure of 100 million JUP has already been set aside from Jupiter’s treasury to jumpstart the programme and half of those tokens are for DAO voters during the first quarter.
The further 50 million JUP is expected to be disbursed beginning O
Read More