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Key Takeaways
- Jupiter Exchange will allocate 50% of protocol fees to buy back and lock JUP tokens for three years.
- The buyback initiative follows discussions about platform improvements and potential acquisitions within the Solana ecosystem.
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Jupiter Exchange will allocate 50% of its protocol fees to buy back and lock JUP tokens for three years, starting Monday. The exchange plans to launch a dashboard next week to provide transparency into the buyback activities.
we want more more jup.
so buybacks start on monday.
50% of all protocol fees will go towards buying $JUP and locking it for 3 years.
J4J
— Jupiter (🐱, 🐐) (@JupiterExchange) February 13, 2025
The exchange aims to reduce the JUP token supply through this mechanism, which will lock purchased tokens for a three-year period.
“everything will be transparent, dashboard coming next week. alignment in action folks,” Jupiter posted.
The buyback initiative follows discussions at the Catbedsault Conference, where Jupiter outlined platform enhancements and acquisition plans within the Solana ecosystem.
This move mirrors recent trends in the crypto market, where platforms implement token buybacks as a mechanism for supply management.
This buyback initiative follows a similar move in January, when Jupiter allocated 50% of its protocol fees to buy back and burn JUP tokens, resulting in a 60% increase in token value.
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This article first appeared at Crypto Briefing
