Jupiter Releases Draft Proposal to Deal with Over 215 million Unallocated JUP Tokens
Decentralized exchange Jupiter Lianchuang Meow has released a draft proposal to process 2 215 million 15,461,850.21 unallocated JUP tokens. The tokens originated from the unclaimed or unredistributed portion of the Jupuary airdrop earlier this year, and the proposal proposes three options: use the tokens for the Active Staking Reward (ASR) program for the coming year; destroy the tokens; and return the tokens to the community's multi-signature wallet.
According to the draft, the Jupiter team "strongly" recommends the first option, believing that the ASR program has been effective in promoting community participation and DAO voting. Over the past two quarters, 361M JUP has been pledged, with more than 585,000 addresses participating, and an average of 280M JUP per vote. If option 1 is adopted, 50M JUP will be distributed to voters every quarter for four quarters.