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JustLend DAO burns over 170m JST in fifth buyback and burn

NewsFeeds update

JustLend DAO said it completed its fifth JST buyback and burn on 16 October 2026 (SGT), destroying 170,723,144 JST sent to a black-hole address, under a community-approved proposal. The move is part of its deflationary mechanism.

AltcoinsOdailyAIBullish

Read the original on Odaily

The story so far: JustLend JST buyback and burn

JustLend DAO has completed five JST buyback and burn rounds, destroying 1,881,973,007 JST, 19.01% of supply, worth about $118m. TRON ecosystem tokens have now passed $120m in cumulative buyback and burn spending, with first burns also completed for BTT and WIN.

  1. JustLend DAO burns over 170m JST in fifth buyback and burn

    JustLend DAO said it completed its fifth JST buyback and burn on 16 October 2026 (SGT), destroying 170,723,144 JST sent to a black-hole address, under a community-approved proposal. The move is part of its deflationary mechanism.

    AltcoinsOdailyAIBullish

  2. JustLend DAO says JST buyback burns reach 1.88bn tokens

    JustLend DAO said five rounds of JST buybacks and burns have destroyed 1,881,973,007 tokens, 19.01% of supply, worth an estimated $118m. It said each round is recorded and verifiable on-chain.

    AltcoinsOdailyAIBullish

  3. JUST upgrades JST buyback and burn with GasFree revenue and $20.3m in funds

    JUST completed the fifth buyback and burn of its JST token on 16 Oct and on 23 Oct rebranded as a unified entry point for JustLend, USDD and GasFree under JUST DAO. It also revised the JST buyback and burn mechanism, adding GasFree revenue and $20.3m in existing funds.

    AltcoinsChainCatcherAIBullish

  4. JUST says it has burned 1.88 billion JST, 19% of total supply

    JUST said it has repurchased and burned about 1,881,973,007 JST across five rounds, 19.01% of the initial maximum supply, at a total cost of about $118m. From the fourth quarter of 2026 it plans to deploy about $20.3m of excess funds across four repurchase rounds while keeping a minimum treasury reserve of $50m.

    AltcoinsCoinNessAIBullish

  5. TRON ecosystem tokens pass $120m in cumulative buyback burns

    TRON ecosystem tokens have passed $120m in cumulative buyback and burn spending, with JST completing five burns totalling 19.01% of its supply and first burns for BTT and WIN also completed.

    AltcoinsChainCatcherAIBullish

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.