PANews February 18th News, according to Cryptopolitan, Jupiter DAO has initiated a vote on a proposal to reduce the net “issuance” of JUP tokens to zero, aiming to cancel the Jupuary airdrop to avoid further token dilution in a persistently bearish market. The voting will end on February 22nd. The proposal offers two options: one is to continue with Jupuary, open airdrop queries and distribute 200 million JUP within one week after the vote ends; the second is to adopt a zero net issuance plan, indefinitely postpone Jupuary, return the 700 million JUP prepared to the community cold multi-signature wallet, indefinitely suspend team reserves issuance, accelerate the unlocking of Mercurial tokens, and buy back some of the newly released JUP to absorb selling pressure.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ethereum Foundation Starts Staking Treasury Amid Vitalik Buterin's ETH Sales
In brief
The Ethereum Foundation staked around $3.8 million worth of ETH as part of previously announced treasury operations.
The organization intends to stake up to 70,000 ETH, or $129 million worth, over time to generate yield.
The move comes amid a string of ETH sales from Ethereum
Decrypt19m ago
Payoneer has applied to the Office of the Comptroller of the Currency to establish PAYO Digital Bank
Odaily Planet Daily reports that Payoneer has submitted an application to the U.S. Office of the Comptroller of the Currency to establish PAYO Digital Bank. If the application is successful, the company will be able to receive and transfer stablecoins, issue its own USD-backed PAYO-USD tokens, and provide digital asset custody services. (The Block)
GateNewsBot24m ago
Cardano Foundation Resets Community Funding Model, Analyzing Influence on ADA - U.Today
The Cardano Foundation will assume control of Project Catalyst, shifting the grant distribution from Input Output Global. This transition aims to enhance decentralization and strategic funding management within the Cardano ecosystem while pausing certain funding rounds.
UToday25m ago
Injective Unveils Developer Hub to Help Builders Create Onchain Economies Faster
Injective launched a new Build page with code examples, video tutorials, technical deep dives, AI coding guides, and toolkits.
The hub promotes 25,000 TPS or more, about 650 ms block times, instant finality, and EVM and WASM support.
Injective has launched a new Build page that centralizes d
CryptoNewsFlash44m ago
Ethereum Foundation Formalizes DeFi Strategy With New Protocol Support Unit
_EF formalizes DeFipunk strategy, adds new leadership, and sets roadmap for crypto-native DeFi innovation._
Ethereum Foundation is increasing its focus on decentralized finance and crypto-native values. A new team will help build and support DeFi protocols and work more closely with
LiveBTCNews1h ago
