Jupiter released a proposal draft to handle over 215 million unallocated JUP tokens
ChainCatcher news, decentralized exchange Jupiter co-founder Meow has released a proposal draft to handle 215 million 15,461,850.21 unallocated JUP tokens. These tokens originate from the unclaimed or unreallocated portion of the Jupuary airdrop earlier this year. The proposal presents three options:
- Use the tokens for the active staking rewards (ASR) program for the next year;
- Burn the tokens;
- Return the tokens to the community multi-signature wallet.
According to the draft, the Jupiter team "strongly" recommends the first option, believing that the ASR program has been effective in promoting community participation and DAO voting. In the past two quarters, 361M JUP has been staked, with over 585,000 addresses participating, and an average voting participation of 280M JUP per vote. If option one is adopted, 50M JUP will be distributed to voters each quarter for four consecutive quarters.
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