JST Second Phase Buyback and Burn Plan has been officially completed. According to the data released by the project team, a total of 525 million JST tokens have been burned in this phase.
This burn is an important development for the JustLend ecosystem, reflecting the ongoing efforts of this DeFi protocol to manage its token economy. The burn mechanism reduces the circulating supply, directly impacting the long-term value of the token.
As a key DeFi application within the TRON ecosystem, JustLend's buyback and burn actions also demonstrate the development trend of the lending market on the TRON chain. Through a regular burn mechanism, the project team conveys its commitment to the sustainability of the ecosystem.
It is worth noting that such burn data often becomes one of the important indicators for the community to assess the health of the project.
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GateUser-75ee51e7
· 7h ago
525 million tokens burned. This number sounds pretty solid; now it's just a matter of whether it can truly support the token price moving forward.
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GrayscaleArbitrageur
· 7h ago
525 million tokens burned, sounds impressive, but how much can the actual circulating supply decrease?
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WhaleMinion
· 7h ago
525 million tokens burned, impressive move, but I'm just worried it might be another rug pull scheme.
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SelfStaking
· 7h ago
Burned 525 million tokens, sounds pretty intense, but it depends on how the price moves afterward.
JST Second Phase Buyback and Burn Plan has been officially completed. According to the data released by the project team, a total of 525 million JST tokens have been burned in this phase.
This burn is an important development for the JustLend ecosystem, reflecting the ongoing efforts of this DeFi protocol to manage its token economy. The burn mechanism reduces the circulating supply, directly impacting the long-term value of the token.
As a key DeFi application within the TRON ecosystem, JustLend's buyback and burn actions also demonstrate the development trend of the lending market on the TRON chain. Through a regular burn mechanism, the project team conveys its commitment to the sustainability of the ecosystem.
It is worth noting that such burn data often becomes one of the important indicators for the community to assess the health of the project.