News

BlockBeats News, October 31, Jupiter officially posted on social media stating that after the team reduced the size of the decentralized autonomous organization (DAO) and reset the community, the "Litterbox burn vote" marks the next major step in this new beginning—refocusing on making JUP the core of the ecosystem and rebuilding long-term confidence and consensus. Currently, 50% of Jupiter's on-chain revenue goes into the "Litterbox Trust," which uses these funds to buy back JUP from the open market. To date, approximately 130 million JUP have been repurchased, accounting for about 4% of the circulating supply. These tokens were originally intended for use by the DAO after three years. However, recently, token holders have made it clear that these JUP are causing uncertainty for the community and token holders. The team has heard everyone's concerns. Today, the DAO will begin voting on whether these existing tokens should be burned (with 4 days and 13 hours remaining until the deadline). In the coming weeks, there will be another separate vote to decide how to handle the ongoing revenue flowing into the "Litterbox."

BlockBeats News, October 31, according to official sources, Sui blockchain domain name service Sui Name Service (SuiNS) has announced the launch of a retrospective governance reward airdrop, aimed at rewarding early active users. Any user who has voted (with more than 0.1 NS tokens) on SuiNS DAO proposals between November 2024 and June 2025 will be eligible for rewards. The earlier and longer the voting period, the higher the accumulated governance weight and the greater the airdrop reward. Currently, users can check by connecting their wallets. This airdrop does not require claiming or any additional steps. This airdrop aims to ensure that rewards benefit members who actively participate in building the SuiNS community. By linking identity, ownership, and governance, SuiNS is committed to further building a "participation equals influence" system.