JUST Protocol Completes Fifth JST Token Buyback and Burn of Over 170 Million Tokens
(3 hours ago) · 2 sources · Summarized by CryptoBipto
The JUST Protocol has completed its fifth buyback and burn of JST tokens, removing over 170 million tokens valued at approximately $23.53 million from circulation. The burn is part of an ongoing deflationary strategy ahead of what the project describes as a major deflationary upgrade.
WHY IT MATTERS
A "buyback and burn" is when a crypto project uses its earnings to buy back its own tokens and then permanently destroys them — similar to a company buying back its own stock and retiring the shares. This reduces the total number of tokens in existence. In theory, if demand stays the same but there are fewer tokens available, each remaining token represents a larger share of the project. JUST is a lending and stablecoin platform on the TRON blockchain, and JST is the token holders use to vote on how the protocol is run. For beginners, this event illustrates one way crypto projects try to manage their token supply, though a smaller supply alone does not guarantee any particular outcome for token holders.
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- cryptoslate.com
- newsbtc.com
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