The latest JUST Letter to JST holders provides an important update on token supply reduction, buyback funding and ecosystem performance across Q3 and October 2026. One of the biggest developments is the transition toward a revenue-driven JST Buyback & Burn model. Here are the key highlights. JUST DAO continues to strengthen JST tokenomics through supply reduction, financial reserve management and recurring ecosystem revenue. The latest letter to $JST holders covering Q3 and October 2026 highlights several important developments. ▪️ 1. Over $118M in JST Burned Across five buyback and burn rounds, JUST DAO burned 1,881,973,007 JST, representing 19.01% of the initial total supply. The burned tokens were valued at approximately $118.15 million. These tokens have been permanently removed from circulation, making this a significant milestone in JST's supply reduction strategy. ▪️ 2. JST Buyback & Burn Mechanism Upgraded With JustLend's historical revenue reserves fully deployed, JUST DAO upgraded its buyback mechanism in October. Future buybacks will gradually transition toward recurring ecosystem revenue. Approximately $20.34 million in surplus reserves is scheduled for phased deployment starting Q4 2026, while maintaining a minimum reserve of $50 million. This introduces a more sustainable funding approach, connecting JST buybacks with the ongoing performance of the ecosystem. ▪️ 3. JustLend Maintains Strong TVL JustLend's Total Value Locked remained above $7 billion at the end of Q3. This highlights the continued scale of its lending markets and its contribution to the JUST ecosystem. ▪️ 4. GasFree Records 2.47M Transactions GasFree processed approximately 2.47 million transactions during Q3. By allowing eligible users to pay transaction fees in supported stablecoins instead of holding TRX, GasFree helps simplify the experience of using TRON-based applications. The bigger picture JST tokenomics is entering an important transition. The funding model is gradually moving from historical revenue reserves toward recurring ecosystem revenue, while maintaining a financial reserve. Combined with continued token burns, JustLend's TVL and GasFree adoption, these developments show how JUST DAO is connecting ecosystem activity with long-term token supply management. Read the full JUST Letter to JST holders: https://t.co/TjDm90NkUC @justinsuntron #TronEcoStar @DeFi_JUST