Ju.com announced the launch of its first strategic buyback and burn program for its platform token, JU, with an initial buyback amount of $20 million, which will be burned in phases. Ju.com has reportedly repurchased a total of 500,000 JU tokens, which will be destroyed in phases and 100% deposited into the burn address: 0x000....0dEaD. Ju.com stated that this buyback and burn program is a key component of the platform's strategic deflationary mechanism. Ju.com previously announced the launch of a strategic buyback and burn program to mitigate market volatility and enhance the long-term value of its platform token. Future long-term mechanisms, including regular profit buybacks and capital introductions, will be proposed by the Community Governance Committee and voted on by all token holders to ensure community consensus and transparent governance. Ju.com also emphasized that the platform will continue to provide profit support for the buyback fund to consolidate the value of JU.