Ju.com initiates JU repurchase and destruction work, with the total amount of the first repurchase to $20 million
Source: ForesightNews
Time: 2025-09-19 22:40:16
Ju.com announced that the team has officially started the first batch of market repurchase and destruction work. The total amount of the first batch of repurchases is US$20 million. The repurchase method is that since the announcement is released, the team will repurchase JU in the open market in batches to achieve smooth execution and reduce market impact. All the repurchase funds are derived from the platform's operating profits, and the repurchase JU will be 100% destroyed. Of these, 500,000 JU (approximately US$4 million) were destroyed at 22:00 on September 19, 2025. In the future, mechanisms such as regular profit repurchase and capital introduction will be initiated through community governance and will be decided by all coin holders.