Jupiter (JUP) Commits to Full Transparency, Announces Public Audits Every Six Months

IconCryptoNewsTerminal Staff31 Jul, 2024

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Jupiter (JUP) Commits to Full Transparency, Announces Public Audits Every Six Months

Jupiter (JUP), a decentralized cryptocurrency swap aggregator built on Solana, has announced plans for increased transparency and accountability. In an interview with X, JUP co-founder "meow" outlined several key initiatives: - Regular public audits every six months, providing 100% transparency into team token sales and treasury management. - Clear advance notice of any additional token issuance, ensuring the community is informed. - Team-related addresses will be clearly labeled, making it easy to track the circulation of $JUP. - Community allocation will be distributed via a DAO vote. These measures are designed to build trust and confidence in the project. In addition, Jupiter has announced plans to put a JUP supply-burning proposal to a governance vote on the 27th.

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