J4J #3: Jupuary Vote 1

Yup yup (jup jup). The first Jupuary was kind of easy because there were no JUP holders before that. Sure some must have disappointed not getting an allocation (or too small compared to what they think they would), but no existing holders who’d be afraid for their holdings.

I completely understand meow and why he thinks jupuary is something we need. To expand JUP holders and the team also need bigger liquidity for their allocations to be worth what they are supposed to be. If we get rid of jupuary and remove that JUP from total supply, it pretty much means the team has to burn part of their allocation too, or they would hold too much compared to what is in the circulation.

I also agree that in some form it’s good to release more JUP to circulation and expand the holder base. I just think it is wrong approach to do it by releasing 700M all at once. That is pretty much like throwing a wet rag to the faces of big holders, at least that is what I personally think (and know some other stakers who think alike). The only way I see this going through (if we vote about it) is to reserve a good chunk of 700M to current holders (stakers), it could be done for example by adding a good portion of that 700M to ASR and thus keep the current stakers staking + also encourage new ones to participate.

I still believe a solution, which satisfies the current holders and gifts the new joiners, can be found and I’m anxiously waiting what the next proposal will look like. :+1:

The difference between me and @meow is that meow can’t exit this bull and he doesn’t even want to. He wants to build it long term and so would I if I was him. But if meow was in my shoes, he would most likely want what I want. What I want is to exit this bull and buy back next bear (if I feel as bullish for the project than I do now).

The message, as I read it, is “We need 2 more years, which can mean that JUP doesn’t perform the best way possible during this time, because we have to inject 2 x 700M to the markets”. If it was bear market and I’d be sitting on cash, then please inject as much as you want and I’ll buy back once it’s done.

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