According to Odaily, Meow, the co-founder of Jupiter, has announced a draft plan for the J4J initiative on platform X. The proposal primarily includes a suggestion to reduce the total supply of JUP by 30%. The team will voluntarily cut their allocation by 30%, and the release volume in Jupuary will be correspondingly reduced by 30%.
Jupiter does not have direct investors in JUP, and this move is expected to lessen the burden on FDV, stimulate the community's understanding of JUP token economics, address concerns about high emission levels, and motivate everyone to jointly develop metadata. Meow stated that the team will pledge 100% of the tokens from the first year's cliff period over the next two years to ensure there will be no supply shock.
He, along with Siong and many others in the team, have committed to locking all their allocated tokens until June 2026. The current plan is only a draft, and a complete proposal will be presented before the DAO vote.
