The Jupiter community is voting on whether to burn the 130 million JUP tokens it previously repurchased.

Jupiter announced on its X platform that after scaling down the DAO and resetting the community, the "Litterbox burn vote" is a major step in this new beginning, refocusing on JUP as the core of the ecosystem and rebuilding long-term confidence and consensus. Currently, 50% of Jupiter's on-chain revenue goes into the "Litterbox Trust Fund," which repurchases JUP from the open market, having accumulated approximately 130 million tokens, representing about 4% of the circulating supply. These tokens were originally planned for use by the DAO after three years, but recently, holders have felt they create uncertainty for the community and them. After considering these opinions, the DAO began voting today on whether to burn existing tokens (deadline in 4 days and 13 hours). In the coming weeks, a separate vote will be held on how to handle the continued inflow of revenue into the "Litterbox."