JUST Ecosystem Upgrades JST Buyback and Burn Program With New Revenue Sources
(4 hours ago) · 1 source · Summarized by CryptoBipto
The JUST ecosystem has announced an upgrade to its JST token buyback and burn mechanism. The upgrade reportedly incorporates GasFree revenue and a $20.34 million surplus into the program. The changes are tied to three products within the JUST ecosystem that the project says contribute to JST token value.
WHY IT MATTERS
A buyback and burn program is like a company using its profits to buy back its own shares and then shredding them. The idea is that with fewer tokens in existence, each remaining token represents a larger share of the overall project. In this case, the JUST project says it is using revenue from its products to buy JST tokens and permanently destroy them. For someone new to crypto, it is important to understand that while reducing supply is a common strategy projects use, it does not automatically increase a token's value, as that depends on many other factors including demand, competition, and overall market conditions.
Read the full analysis with a CryptoBipto membership
Members can read the full analysis of every story, not just the headline.
Get startedSOURCES
- cryptoslate.com
RELATED
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
- What is DeFi, and how does decentralized finance work?Decentralized finance explained: liquidity pools, yield farming, impermanent loss, DAOs and governance tokens, each with its own definition page.
- What is tokenomics, and why does token supply matter?How token supply works — circulating, total and maximum supply, emission schedules, vesting, lock-ups and burns — and why each affects a token differently.