JST buyback and burn totals over $38.7 million
According to Odaily, as of now, JustLend DAO has cumulatively completed the destruction of 1,084,890,753 JST through a two-phase systematic buyback and burn mechanism, resulting in a permanent reduction of the total supply by 10.96%, with a total burn value of approximately $38.7 million. Among them, the first phase achieved a burn worth $17.73 million, while the second phase further expanded the scale, completing a burn process worth about $21 million. JustLend DAO will continue to implement a transparent and sustainable deflationary economic strategy, further consolidating the long-term value foundation of the JST token model.
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.
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