Jupiter DEX is conducting a community vote to determine the fate of over 200 million JUP tokens that were unclaimed during the Jupuary campaign. The tokens will either be burned or recycled into the ecosystem through active staking and voting. The Jupiter team recommends using the tokens for active staking rewards (ASR) to encourage voting and alignment. The vote does not reveal the current preference to avoid attacks. Jupiter DEX continues to draw traffic and generate revenue, despite a decrease in fees. The project has locked in its own liquidity and has a strong community with incentives to hold JUP tokens. The market expects to absorb additional tokens, and the outcome of the vote is not expected to have a significant impact on the market price of JUP.
- Content Editor ( cryptopolitan.com )
- 2024-10-01
Jupiter DEX voting to decide on JUP token reserves enters final hours