JST burns 271 millions tokens in phase three, treasury reserves exceed 100 millions USD
Odaily reported, according to official data, JST has burned 271 million $JST in this single round, equivalent to approximately $21.3 million, accounting for 2.74% of its current total supply. Meanwhile, the treasury reserves have surpassed the $100 million mark. All funds for buyback and burn come from actual income generated by the protocol, thereby establishing an automated, deflationary closed-loop driven by real revenue, where buybacks and burns continue to operate.
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