Jupiter Co-founder: The J4J plan draft has been announced, aiming to reduce the total token supply by 30%

ChainCatcher news, Jupiter co-founder Meow announced the J4J plan draft on social media, which mainly includes the initiation of the JUP proposal:

• Propose to reduce the total supply of JUP by 30%;
• The team will voluntarily cut their allocation by 30%;
• The release amount of Jupuary will be correspondingly reduced by 30%;
• Jupiter has no direct investors in JUP, and this move will reduce the burden of FDV, activate the community to truly understand the JUP token economics, address concerns about high emission levels, and incentivize everyone to collaboratively develop the metadata.

Meow stated that the team will stake 100% of the tokens from the first-year cliff period over the next two years to ensure there will be no supply shock. He and Siong (along with many others in the team) have committed to locking all vested tokens until June 2026. The related plan is currently just a draft, and the complete proposal will be presented before the actual DAO vote.