JustLend DAO community releases proposal for JST buyback and burn
Jinse Finance reported that JustLend DAO has published a JST buyback and burn proposal on its governance forum. The proposal aims to optimize the JST token economic structure, enhance governance efficiency and long-term value, and establish a more sustainable deflationary mechanism. According to the proposal, buyback funds will mainly come from JustLend DAO's net income (including sTRX earnings and SBM net income), as well as incremental profits after the USDD multi-chain ecosystem exceeds $10 million. All buyback operations will be executed transparently on-chain, and the repurchased JST will be permanently burned to gradually reduce the circulating supply in the market. In addition, the DAO plans to continue buybacks on a quarterly basis using new net income and will regularly publish progress reports. The official statement noted that this mechanism will further strengthen JST's governance attributes and promote healthier and more resilient growth for the TRON ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
South Korea's exports in the first 20 days of September continued strong momentum, with chip exports soaring by 259%, remaining a key driver of growth.
Early September exports from South Korea help maintain strong momentum in the chip boom.
Crypto prices
More
