Buyback & Burns

The Juris Protocol is committed to enhancing the value of the $JURIS token through strategic buyback and burn initiatives. These actions help reduce the circulating supply of $JURIS, which can potentially increase scarcity and positively impact the token's value over time. Here’s how the process works and what it means for the community:

What is Buyback and Burn?

• Buyback: The Juris Protocol team periodically uses funds to repurchase $JURIS tokens from the open market. This helps create demand for the token, removing some from circulation.

• Burn: After buying back the tokens, they are burnt. These tokens are permanently removed from the supply, effectively reducing the total number of $JURIS in circulation.

Why Buyback and Burn?

• Value Creation: By reducing the circulating supply of $JURIS, the protocol aims to create scarcity, which can contribute to upward price pressure, benefiting token holders.

• Long-Term Sustainability: The buyback and burn process is designed to support the long-term health of the ecosystem by aligning the interests of the project with those of the community.

• Community Confidence: Regular buyback and burn initiatives demonstrate the team's commitment to the token’s growth and the project's success, which can help build trust within the community.

Scheduled Buyback and Burn Events

• Transparency: Juris Protocol conducts regular buybacks using the validator commissio. Each buyback and burn event is publicly announced, and the transaction details are shared with the community for full transparency.

Impact on Tokenomics

• Circulating Supply Reduction: Every burn reduces the overall supply of $JURIS, which can lead to a deflationary effect on the token.

• Token Holder Benefits: As the supply decreases, the value of each remaining $JURIS token may increase, potentially rewarding long-term holders.

Commission Allocation

• Additional Liquidity: All commission fees above the mandatory 2.5% commission on LUNC transactions will be allocated to adding liquidity to the main $JURIS/$LUNC pool. This initiative helps bolster the liquidity of the pool, supporting a more robust trading environment and further contributing to the token’s overall value.

The buyback and burn strategy, combined with the strategic allocation of commission fees, is a core element of the Juris Protocol’s approach to fostering a healthy, sustainable token economy.