JustLend DAO Reduces JST Token Supply by Significant Percentage
- JustLend DAO, TRON’s leading decentralized lending platform, completed a second buyback and burn of its JST token.
- A total of 525 million JST tokens were permanently removed from circulation.
- The burn represents an estimated value of $21 million USD.
- This action accounts for approximately 5.3% of the total JST supply.
The recent buyback and burn by JustLend DAO significantly reduces the circulating supply of the JST token, enhancing its scarcity and potentially increasing its value in the market.
With this strategic move, JustLend DAO has effectively decreased its total JST supply by nearly 11%, underscoring its commitment to maintaining token value through controlled supply mechanisms. Source
