Deflation VS Ecology, $JUP how to choose
$JUP major event 🚀
It is expected that 130 million tokens may be destroyed, and a vote is currently underway in the community!
As the leading DEX on the Solana chain, Jupiter announced yesterday the proposal 'Burning the Litterbox', which aims to destroy 130 million $JUP (approximately $51.5 million). The repurchased tokens account for about 1.7% of the total supply and 3.8%-4% of the circulating supply, with 50% of the on-chain revenue used for repurchase, due to community concerns about premature decision-making under selling pressure.
Currently, there is also significant internal controversy in the community.
Supporters of the burn believe it can create a deflationary effect, supporting long-term price increases;
Opponents believe it can be used for ecological development (such as stablecoin projects), and burning is wasteful.
So what do you think?
