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Ju.com has launched the JU buyback and burn program, with a total buyback amount of 20 million USD for the first batch.
According to Foresight News, Ju.com has announced that the team has officially launched the first batch of market buyback and destruction efforts, with a total buyback amount of 20 million USD. The buyback method will involve the team gradually repurchasing JU on the open market from the announcement date onwards to execute smoothly and drop market impact. The funds for this buyback all come from platform operating profits, and 100% of the repurchased JU will be destroyed. Among them, 500,000 JU (approximately 4 million USD) have been destroyed as of September 19, 2025, at 22:00. In the future, mechanisms such as regular profit buybacks and capital introduction will be initiated through community governance, decided by a vote of all coin holders.