PANews reported on August 2 that according to an official announcement from Jupiter, the supply reduction proposal is now live, aiming to provide more certainty, alignment and transparency to all JUP holders and the community. The proposal suggests reducing the total supply of JUP by 30%, from 10 billion to 7 billion. Specific measures include the team voluntarily reducing its allocation by 30%, a corresponding reduction of 30% in Jupuary issuance, and cutting the rest from liquidity provision and strategic reserves. These 3 billion JUPs will be gradually destroyed (which may take 6 months). Voting starts on August 1 and lasts until August 4.

As Cointelegraph reported earlier this week, Jupiter Alliance released draft transparency measures that include regular community audits of JUP tokens.