JM,
I was writing the next episode for my video series whereupon a troubling question came to mind.
Does $JUP just grant its holders voting rights?
If so, how can $JUP holders benefit from Jupiter’s increasing equity value.
Would it not make sense for $JUP to represent both governance and equity?
What am I missing here chaps?
Many thanks,
ChefG
Great question. It could make sense for $JUP to represent both governance and equity, but there are trade-offs to consider:
Pros of combining governance + equity:
• Aligns incentives: those who steer the protocol also benefit financially.
• Encourages long-term holding and deeper engagement.
• Simplifies the token design (one token, two roles).
But here’s the catch:
• Equity-like tokens can trigger securities regulations, especially in the U.S.
• It might limit how widely the token can be distributed or traded.
• Some communities prefer to keep governance separate from value capture to prevent plutocracy (i.e. whales dominating votes).
Alternative models:
• Keep $JUP as a pure governance token.
• Introduce a separate token or mechanism (like fee-sharing or NFTs) to represent equity/value capture without regulatory baggage.
So yeah, it does make sense in theory, but in practice, it depends on the goals, risks, and legal landscape.
One Jup is one Jup,
thankyou for the reply.
I completely understand the security point, and it’s something that needs to be discussed further, both on our end and the SEC’s.
Also, I would refrain from posting an AI response in its entirety on here. Of course it’s a useful tool, but complete plagiarism isn’t too helpful.
Cheers!
Hi! This is a great point and a question many may ask. If $JUP only grants voting rights, the direct benefit to holders depends on the effectiveness of governance itself and the value it manages to generate for the community. However, without a direct link to the economic value of the platform, holders may feel disconnected from Jupiter’s financial growth.
Integrating both governance and equity into $JUP could better align interests between the community and the value of the project, but it comes with challenges, such as regulatory risks and issues of concentration of power (plutocracy). An alternative could be to keep $JUP as a governance token and introduce a separate mechanism, such as NFTs, dividends or shares, to represent the economic value.
in the ALGO system ..your rewards comes gALGO and diff more options.. plus your initial deposits.. or with FLR. they are more ways to recognizes good cats or supporter member to the ecosystem. They never asked for an X or DIscord account. not necessary if you are concentrated in better options to made your system strong and healthy in a future. Would see if the team prepares a better way to keep good cats confortable // ..outside the technology system… blockchain.. trading.. they are good investors looking to be part of this new wave but they found impediments because the KYC.. X or Discord requisites that they don’t like (privacy or ignorance’s zero abilities with a variety of tools) I’m not able to be a good cat because i don’t like social media and i can only stake what i buy or few rewards that are automatic staked. OK that’s my view and real situation.. i read and i’m trying to stay close to know in real time what’s happening here. B wishes!
$JUP does not represent equity
It provides meaningful governance power, but it is not the same thing as equity
Hi Kash, thanks for the clarification.
My question therefore is why shouldn’t JUP represent equity?
Of course with the token buyback now live, there is some connect between Jupiter’s success and JUP’s price. But, including equity would certainly cancel out the disconnect.
It seems crazy to me that JUP can hold such a vast valuation without complete backing from Jupiter and its products.
Super keen to hear your thoughts on this. Again it’s not criticism, just trying to understand the reasons behind this.
Cheers,
ChefG
This looks very much like an ai reworded version of @southen_13 response 
i get where you’re coming from, but it’s just not equity. equity has a specific legal meaning, requires specific additions to a cap table, brings particular well-defined privileges, etc. that’s not what JUP is/does, nor is it true for any other crypto project.
hope that helps clarify!
after months,
you actually show yourself in here, @Kash, to answer costumers concerns,
well done,
better late than never.
У меня нет на тебя времени, малыш.
Ich verstehe nichts! 
maybe spanish … english .. 
ok enjoy your voting process ..
queda piola para el trompo !! que hacer .. entre @ihateoranges @Yattaman y unos iluminados me tienen mi cerebro en hacque mate .. veo veo y escucho y no veo mas que un mascarade. Let’s vote Jupiverse YUPI! Bwishes