JST Token Burn Reaches 1.35 Billion Tokens, Representing 13.70% of Total Supply

Gate News message, April 17 — JST's phased buyback and burn program has cumulatively burned 1.35 billion tokens, representing 13.70% of total supply, with a corresponding burn value of approximately $60.03 million. The large-scale deflationary initiative spans three complete quarters and is driven by real protocol revenues, executed transparently on-chain as a systematic engineering effort.

With the successful completion of Phase 3, which burned 271 million tokens in a single tranche, JST has established an automated closed-loop mechanism: protocol revenues trigger buybacks, which in turn trigger token burns. This self-sustaining cycle injects endogenous deflationary momentum into JST's economic model.