J4J #3: Jupuary Vote 1

I voted for the coin distribution. It remains up to the team to decide

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I love the idea of a transformational Jupuary. This could really take the protocol to the next level

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Unified communities make for stronger ecosystems. Let’s aim for that 70% supermajority together!

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It’s awesome that feedback will be incorporated if the vote doesn’t pass. Iteration leads to stronger proposals.

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Appreciate the focus on sybil detection and proof of humanness—keeps things fair and authentic. :smiley:

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The emphasis on inclusivity and decentralization is spot on. Excited to see how this shapes the Jupiverse!

This is a great initiative to involve the community in such an important decision. Transparency is key to building trust!

This proposals is very strange!Why 70 pecent to pass it through?why not normally 51 pecent.Its very strange proposal.THE minority decides the the fate of the majority!!!this thery strange!!!

The super majority needed is to protect the community as a whole. This vote is a topic that can hurt the community without a super majority pass. Trust that the team knows what they’re doing. They didn’t build the largest and most active DAO by accident. The first vote was to gauge the community. I believe there are only a few concerns to address before the vote passes. The whales that voted no understand that future Jupuaries are essential to meow’s plans. They just need a bit more certainty to vote yes. The fact that the next vote is within days of the first vote ending shows the urgency of getting this done. Once we’re united, there will be no cap!

10 percent of the staking whales have more then 40 percent power…They will vote what’s benefite them!!10 pecent can not decide for the majority!!the Julpiary was promised already before!I think we need to stop to put such ridiculous proposals.!and I see in the end of the day will be not airdrops any more …

This is the end of Jupiaries!

Of course they’re gonna make the right decision for themselves. It’s up to the proposals to satisfy their needs. It’s reality. But u need to think about it… besides the team, who wouldn’t like to see JUP do well more than the whales. Need to use some logic.

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There are likely four perspectives to consider:

  1. Founders: This perspective might be the hardest for others to understand.

  2. Users/Farmers: Some may not have participated in Season 1. It’s important to recognize that staking helps grow the pie for everyone.

  3. Simple Staker: These individuals may not have engaged in farming and are primarily concerned with dilution and its impact on price.

  4. Staker/User: This group has concerns relating to both 2 & 3.

Suggestion:

Consider adding a reward mechanism for those who have staked, such as a multiplier or a baseline reward. This could mitigate concerns about ‘price impact’ at the expense of some distribution equity.

Additional Consideration:

It’s crucial to evaluate how these changes might affect the 2026 drop as well, which adds another layer of complexity to the situation. :jigsaw:

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I believe you can’t really be earnest and say you believe in a company/community if you can’t invest financially and put your money where your mouth is

100%, this is why I think it’s better for people to buy on open market than to emit a very dilutive Jupuary (from perspective of existing holders, many of whom bought on the open market). Community members who buy in are in many cases signaling something totally different than community members who are waiting for free stuff.

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I voted NO for the Jupuary vote. Here’s my thoughts re: the re-vote

The Proposal

This vote is for checking if the community is comfortable with 2 more Jupuaries of 700M JUP each. Because it is crucial that the whole community is unified, the team will be seeking a 70% yes vote.

Why I voted NO

I am a loyal supporter and investor in Jupiter and will be here well beyond this bullrun. I have a sizeable long-term position in Jupiter and cast my vote based on an assessment of the best strategy to leverage the long-term benefits from the Jupuary airdrop rewards as I see them

My reasons for voting NO

We are super early in crypto adoption
Mass adoption hasn’t even started
Jupiter is less than 1 year old! I still struggle to get my head around that!
Jupiter is well placed strategically for user growth with its fantastic mobile app
Price follows user activity - Metcalf’s Law
Growth & Success take time and Incentives/rewards
Jupuary is a fantastic incentive for growth and we can extend that benefit over more realistic growth target periods
Longer time periods allow better management of the challenges faced by rapid growth
Smaller Jupuary drops has less price impact
Lock-up periods are unnecessary IMO as a person who wants to cash out will just do it anyway after the lock up ends, you’re just delaying any likely price impact

I believe we can have a second, better vote once we reach agreement on its wording - this is one of the great benefits of the DAO process (along with ASR rewards of course!) I have attempted to draft a second vote and would love everyone’s thoughts and feedback

DRAFT Jupuary Proposal for re-vote

This vote is for checking if the community is comfortable with 4 more Jupuaries of 350M unlocked JUP each commencing January 2025. Because it is crucial that the whole community is unified, the team will be seeking a 70% yes vote.

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sybil they mean checking wallets not keeping you from accessing a VPN or your wallets rewards.

In this sense they mean checking to see if someone has swapped back n forth to create volume and or sent to and from many wallets to “Game” the Airdrop.

No worries my friend you will be OK if you do not try to Steal.

PPP
J4J

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Its much older than 1 Year.

We are privileged to have the chance to vote on this proposal—an uncommon opportunity in our industry. I urge everyone to make use of this right and share their perspective. As with any democratic process, it’s crucial to respect the outcome, whether it aligns with your stance or not. Let’s continue to back the team and collaborate toward achieving our common objectives.

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Would like to see this type of structure. It can help to identify those who do desire to be a long term part of the community.

In general, staking should play a larger role in Jupuary moving forward, both in terms of initial allocation and criteria for continued allocation

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I realize that the breakdown for distribution has not been announced, but I do feel that at least specifying how much of the planned Jupuary would be allocated for this ongoing participation and growth would help get the vote to the required 70% sooner.

It looks like most people who are voting no are worried about the dilution of their investment. I feel like a combination of spreading the allocation out over a longer period (3-5 Jupuaries) and allocating 20-25%, for example, of each Jupuary to a “growth fund” to be spent over the course of each year would be a good idea.

This would allow further votes to be cast during each year to determine which promotions/incentives/competitions, etc. should be run with those funds. This would also give us better statistics for future allocations in terms of what works best to grow the user base and community.

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