📈 I just increased my JST spot position today.
The recent buyback and burn from @JUST DAO really pushed me to move, to be honest, the numbers were too solid to ignore.
Taking real protocol revenue, about $59 million,
using roughly 30% ($17.7Million) of it to buy JST directly from the market,
then burned over 559 million JST tokens forever. That is more than five percent of the entire supply wiped out in one move (5.66%).
This says a lot about how serious the ecosystem is about long term value.
What convinced me even more is the plan going forward. Is that The remaining revenue will be burned over the next 4 quarters, and future earnings from the protocol will continue to feed into the same cycle.
A consistent burn schedule like that gives me confidence in how the supply side will look over time.
So I decided to keep stacking my own little bit. I will just keep adding whenever I can, even if it is from what I make waiting tables. 😂
Slow accumulation, steady conviction. 💯
N/B: this is a Personal move, not financial advice.
