Jupuary is to expand the community. If Jupuary excludes jup stakers, why should newcomers who get jup from Jupuary participate in governance? So, how does Jupuary expand the community?
I don’t even know what the point of holding jup is now, and I don’t know why people buy jup. Can’t jup stakers ask for returns? Jup is not even as good as Jlp. Jlp holders can enjoy both returns and Jupuary.
If I am not worthy of being a member of the Jupiter community just for some returns, then I would rather be a Jupiter user only.
I am happy to participate in Jupiter’s governance, but I am not willing to suffer losses. If I can’t think of a reason for people to buy and hold jup, then I will leave. I believe many people are the same.
Yes, I think there should be a certain percentage of the Jupuary airdrop allocated to the the stakeholders. So I’m voting no. I don’t plan on selling any of my tokens and will keep them locked up for at least 4 years because I believe in this project. The people that have been farming the airdrop are only in this for short term gains and have a scarcity mindset. The people that have been voting and participating have an abundance mind set and should be rewarded accordingly to help facilitate strength and unity among the believers.
I am voting ‘Yes’ to the addition of 2 more Jupuarios of 700M JUP each. I firmly believe it will strengthen our community with more resources benefiting everyone. Increased financial backing will allow us to expand our initiatives, improve engagement, and take JUP to new heights. I am committed to the growth and excellence of J.U.P, and believe this move is an important step in that direction."
Difficult one… defo want to grow the community and and for us all to benefit. I mean… what’s not to like about that. However, dilution and price impact are the elephants in the room, i think we’d mostly. I’m going to vote YES, but i’m not how sustainable these airdrops are in the longer run… If the project doesn’t provide financial rewards, many will walk away, and that’s the danger.
I understand your concern Matto, the goal of an airdrop isn’t just to reward existing holders or stakers; it’s to broaden the reach and utility of $JUP while increasing community engagement and awareness. Restricting the airdrop to stakers alone might limit the potential for new users to join the ecosystem and contribute to its growth.
By distributing $JUP to a wider audience, even those who aren’t yet staking, we’re opening the door for new participants who could bring value in different ways like trading, holding, or eventually staking themselves. It’s not just about rewarding current contributors but also about planting seeds for future adoption and involvement.
As for behavior, yes, staking is beneficial, but so is introducing fresh blood to the community. Incentivizing long-term engagement doesn’t have to start and end with staking. The DAO can build mechanisms that encourage these new users to transition into staking or active participation after the airdrop.
did you get no airdrop bc they labeled your wallet as sybil? i didn’t get an airdrop either but chalked it up to me not completing some arbitrary step ( i do not live in web3 world as many apparently do. I do however try to keep up with what little available time i do have and often find out that i missed out.lol)
I get both sides of the sentiment spectrum and the hard decision to take by the team. i do like the idea of growing the pie by airdropping but also see how the worries are justified when you flood the market with 700M tokens.
So why not create a hybrid option that incentivizes good behavior (growing Jupiter), no automated lock ups but give them a offer they cant refuse. show the new user that putting that $JUP to work will benefit them more then the instant sell will do.
this will create;
conversation and debate about the product
flow of capital
a organic filter process of people that want to participate
a stress test for products
etc, etc
and many other things that can supply the team with tons of Data they can use,
Thanks for offering us the opportunity to vote on this and to express our opinion.
However I trust meow for his ideas and caring of us, his Jupiter community, I feel I don’t understand at this point the need for a Jupuary in early 2025. It could be a great idea, but I just don’t understand why it is a great one. I need that explanation, before voting YES. Yeah, it could expand Jupiter, I hear it, but how? I don’t catch it. And I don’t catch why we need to agree for a 2026 Jupuary at this point. This should be a postponed vote.
I suggest that airdrops should set a limit for individual wallets or users.
It is said that some whales generate a large amount of junk interaction data to obtain airdrops. While this may bring short-term revenue and attractive data to Jupiter, these users leave right after claiming the airdrop. The growth of the project ultimately relies on the long-term contributions of a large number of ordinary users.
JUP, like all tokens, is susceptible to the economic forces of supply and demand.
If we want the price of JUP to go up - to “become the main tokens in the cryptoverse” - we should consider how Jupuary would affect the supply of and demand for JUP.
It would be nice to have more data on how Jupuary would affect these. For example:
From the last Jupuary, do we know what % of the JUP was instantly sold?
What % is still held by airdrop recipients?
Did airdrop recipients use Jupiter’s products more?
Did airdrop recipients buy any more JUP?
If so, were their purchases proportional to the amount of JUP they received?
Grow the pie, I’m all for. It’s good for the jupverse.
Even if Meow has ben vocal against burn mechanism, I think that’s a good way to sustain growth token price in the long run, and it sends a positive message to stakers. Strong tokens bring in new users too. That would have made me vote yes if in the proposition for jupuary. A 5 year jupuary plan, I would prefer too; that and some extra features like grid trading and copy trading etc.
I feel like there is something missing in this proposition… Why no lock up?
That’s not gonna change anything. Imagine rewarding a whale with 50k+ stacked with 1-2k Jup. It won’t change anything for them. They don’t want any sell pressure so they can dump their tokens whenever they feel like it’s a good time.
I would also add that you are trying to separate stakers, as they have already ASR rewards, but these stakers are voting for the proposal. That’s kinda paradox right? In this sense, the eligible users for 2. Jupuary should be able to vote.
