TechFlow news, January 20 — According to official announcements, JustLend DAO has so far completed the burning of 1,084,890,753 JST tokens through a two-phase systematic buyback and burn mechanism, permanently reducing total supply by 10.96%, with a cumulative burn value of approximately $38.7 million.
The first phase achieved burns worth $17.73 million, while the second phase further scaled up efforts, completing an additional burn worth around $21 million.
JustLend DAO will continue implementing its transparent and sustainable deflationary economic strategy, reinforcing the long-term value foundation of the JST token model.
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