Ju.com platform currency JU officially launched deflation, completed the first repurchase and initiated batch destruction

Odaily Planet Daily News According to an official announcement from Ju.com, its platform coin JU has launched its first strategic repurchase and destruction plan, with the first repurchase amount reaching US$20 million and will be destroyed in batches. It is reported that Ju.com has completed a total of 500,000 JU repurchases, and the tokens will be destroyed in batches, and 100% will be entered into the destruction address: 0x00000000000000000000000000000000000000000000000000000000000dEaDJu.com stated that this repurchase and destruction is an important part of the platform's strategic deflation mechanism. Previously, Ju.com has announced the launch of a strategic repurchase and destruction plan to cope with market fluctuations and strengthen the long-term value of platform coins. In the future, long-term mechanisms including regular profit repurchase and capital introduction will be proposed by the Community Governance Committee and voted by all coin holders to ensure community consensus and transparent governance. Ju.com also emphasized that the platform will continue to provide profit support for the repurchase funds to consolidate the value foundation of JU.