PANews reported on June 20 that Jupiter co-founder Meow released a draft J4J plan on the X platform, aiming to optimize the economic model of the JUP token and incentivize community development. The plan includes the following key elements: First, the JUP proposal recommends reducing the total supply of JUP by 30%; second, the Jupiter team will voluntarily cut its allocation by 30%; in addition, the Jupuary release will also be reduced by 30% accordingly. Meow said that Jupiter has no direct investors in JUP, and this move will reduce the pressure of fully diluted valuation (FDV), activate the community's in-depth understanding of the JUP token economic model, and address concerns about high circulating supply levels. Through these measures, Jupiter hopes to motivate all members to jointly promote the development of metadata.
