According to BlockBeats, Meow, the co-founder of Jupiter, has announced a significant experiment in community consensus, known as the J4J plan, on social media on July 6.
The J4J plan draft, previously reported by BlockBeats, includes several key proposals. The first proposal is to reduce the total supply of JUP by 30%. The second proposal is that the team will voluntarily cut their allocation by 30%. The third proposal is to correspondingly reduce the emission of Jupuary by 30%.
These proposals represent a significant shift in Jupiter's strategy and could have far-reaching implications for the future of the platform. The reduction in the total supply of JUP and the team's allocation could potentially increase the value of the remaining JUP tokens. The reduction in Jupuary emissions could also have a significant impact on the platform's environmental footprint.
The J4J plan is a major experiment in community consensus, and it will be interesting to see how the Jupiter community responds to these proposals. The success or failure of this plan could provide valuable insights into the effectiveness of community consensus in shaping the future of blockchain platforms.