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.
The exchange aims to reduce the JUP token supply through this mechanism, which will lock purchased tokens for a three-year period.
JUPUSDT Solana-based Jupiter Exchange released its 2nd airdrop checker on January 15th. JUP token was launched in January last year during first airdrop to around a million crypto wallets. A total of 700M JUP will be distributed to Jupiter users, stakers, JUP Mobile users this time.