JUST Completes Fifth JST Buyback and Burn, Removing Over 170M Tokens

On October 17, JUST, a prominent DeFi infrastructure within the TRON ecosystem, announced the completion of its fifth buyback and burn of its native token, JST. This round saw the removal of 170,723,144 JST tokens, approximately 1.72% of the total supply, with a total value exceeding $23.53 million.

This buyback and burn initiative has been a consistent effort over the past year, with a total of 1.88 billion JST tokens permanently removed from circulation, contributing to a cumulative deflation rate of over 19%. The funding for this latest round was sourced entirely from JustLend DAO’s net operating revenue, which included $10.34 million from existing income and a $9.28 million increase in quarterly net income.

The completion of this buyback marks a pivotal moment for JST, as it signifies the full deployment of the remaining 70% of JustLend DAO’s initial treasury reserves. This achievement sets the stage for a comprehensive upgrade of the buyback mechanism, which is expected to enhance its operational framework.

Throughout the five rounds of buybacks, JST has experienced a significant price increase, climbing over 300% year-to-date, with its market cap surpassing $1 billion. The buyback program has established itself as a critical component of JST’s long-term economic strategy, relying on authentic business cash flows and maintaining transparency and execution assurance.