Exactly, if you don’t hold/stake $jup you shouldn’t be part of Jupuary.
People use the jupverse products because they are great, and there’s no point of reward people because they use awesome products
Simple
5 Likes
That makes exactly 0 zero sense. Someone that got into Solana because of memecoins and made 100k$ volume on swap and maybe even went to perps and gave nice fees to the JUP team/JLP, etc. and that person deserves 0 $JUP even though its a super active user on DEX products.
But you want to reward someone that does exactly 0 volume on the platform, makes no threads on twitter to push the jupiverse out there but just because they hold/stake $JUP, they deserve a share? Bruh
2 Likes
That “ new “ user did the swaps through Jupiter and already SAVED money because of that.
If he would have made the swaps from another platform like BullX he would have paid fees and lost money.
Ohh but wait, now on top of that, we should give him free money in $jup
Makes sense hshahahs
3 Likes
But you are not giving him free money. You are rewarding an active user on the DEX, an user that is using various tools that JUP offers like DCA, APE, Perps, etc. so an user that actually uses the products that the JUP team works hard to develop day after day.
And not just reward an unactive user that spent money to buy $JUP and votes but does nothing else to help the community. We are here for PPP! Read some about it 
2 Likes
Yes agree that linear is the best distribution method for the Jupuary allocation towards the DAO / JUP Stakers. You made a good point and found a good example of a non-linear distribution of $ZEUS being abused by a Sybil. To be fair though, it seems that that distribution also didn’t have proper tiering and used more of a lump sum amount for any staker, instead of basing it on amount staked.
Wow thanks a lot! That’s a very nice comment! 
1 Like
Many people don’t seem to understand that a 50% supply increase, at the only would cause a maximum price decrease of 33.3%.
But that is assuming 100% sells the airdrop, which is highly improbable. We might be looking more at something like ~ 10% sell pressure (estimation / guess) which would only result in a potential few percent price decrease at most.
The entire issue of 50% inflation is a non-issue and it’s a mosquito being turned into an elephant.
The 1st round of Jupuary already proved that it doesn’t have a substantial negative effect on the price, and the 30% token supply burn should have already taken away any last concerns with people not understanding the economic market dynamics of these things.
I actually believe large JUP stakers already know all of the above, assuming some financial literacy large stakeholders, and they continue to stake for the juicy ASR. I think a non-issue is turned into an issue in the hopes to get something out of it, such as a bigger Jupuary allocation for the DAO.
2 Likes
Thank you for sharing this data, that’s very insightful! I do support a linear allocation (of 70 Million JUP as per my proposal) for the DAO / JUP Stakers.
Linear is easier to implement for JUP stakers, and tiering isn’t needed here like @BTC shared because people staking paid for the staked tokens with their own money.
Deduplication and anti-Sybil in simple terms means filtering out large clusters of addresses who are making transitions (often low value transactions) which are performed for the purpose of farming an airdrop, or are just not relevant enough to be considered a legitimate user.
Other examples are bots which are creating thousands of wallets and making $0,01 transactions on memecoins to boost the trending scores of algorithm of platforms like DexScreener with transacting counts and maker counts, in an attempt to make a coin trending. Nearly of these are filtered out by excluding wallets with less than < $100 in transaction volume, which would filter out 11,361,557. Some blockchain analysis tools can be used to filter out some additional wallet clusters, which is deduplication or anti-Sybil measures.
I do believe most of the 3,885,443 users with $100+ volume are legitimate, as Jupiter had 955,000 users one year ago at the 2nd of November 2023 snapshot - and a 4X increase in the amount of users on Jupiter over the last year is very realistic.
About high volume (arbitrage) bots, per my proposal they would not get more than 9,045 JUP + 10 JUP for the $10M+ tier. Even if they did $100M or $500M or Billions in volume. That is the reason for making it tiered, and not linear.
@meow wrote the following about the bots in last year airdrop announcement:
1 Like
I agree with @BTC that linear is the best distribution method for the Jupuary allocation towards the DAO / JUP Stakers. Possibly also for JLP holders.
The main reason is that it’s about an investment they made with 100% of their own money, rather than about how much volume they made. Also it’s easy in application and there are basically no major downsides to it. For nearly any other category tiered is better.
There is also no downside to a $1 Million JUP staker getting a $159,000 airdrop. That’s because they are not the type of people to quickly sell their airdrop, since they are sensible long term investors who don’t need to ‘‘cash out’’ but are holding and staking on purpose. Large stakers care more about the APY yield and increasing the value of their portfolio.
That having said, I don’t think we need to allocate more than 10% of Jupuary to the DAO / JUP stakers, which would give them 15,9% or 159 JUP for every 1000 JUP held. I think 10% should be sufficient for three reasons:
1. The inflation issue is a non-issue (more about that in my reply here)
2. The ASR already provides a very generous 200 Million JUP reward for the coming year, to be shared among the currently 440M - which results in up to 45% APY - which came from the unclaimed 215M JUP from last Jupuary.
3. The purpose of Jupuary is to distribute JUP to the broader community, to get JUP into the hands of as many legitimate Jupiter users as possible. Jupuary is a part of the 40% distribution to the community as laid out in the JUP tokenomics (28.85% after the burn and the non-claimed JUP going to ASR). It provides a fair distribution and decentralisation method for JUP. The intent of Jupuary is to distribute JUP to new and ongoing users of Jupiter, as well as former users of Jupiter, in an attempt to reengage them.
That having said, I also wouldn’t mind if the team would decide on for example 15% or 20% of Jupuary to go to the DAO / JUP Stakers, as long as it doesn’t come too much at the cost of distributing the majority of JUP with a growth-focus to the millions of regular and new Jupiter users that Jupuary is meant for.
2 Likes
1 Like
Trading volume and user count / onboarding is and will always be the most important metric for any cryptocurrency exchange, centralised or decentralised.
Trading is something that every Jupiter user does. That’s how the average memecoin degen is onboarded onto Jupiter, by doing some memecoin swaps. That’s why there are 3,885,443 users with $100+ volume and 1,419,121 users in the $1,000 - $10,000 trading volume tier.
Most people use Jupiter to swap memecoins, while only around ~ 5% - 10% of users utilise the more advanced features of the Jupiverse.
Jupuary is an opportunity to engage these millions of regular users, and to concert them to the Jupiverse with all it’s options like JUP, JLP liquidity providing, JupSOL, advance trading features, DAO / Staking JUP, Perpetual contracts etc.
The volume tiers help identify which users are more valuable and contribute more to the trading volume. It would be irrational to further reduce volume-based allocation. Although trading volume tiers will have less focus in round 2 compared to round 1, they deserve an important role in the Jupuary airdrop.
That’s why this round 2 proposal includes 35% (250M) to New Jupiter Features & Community Allocations 250M JUP and 65% (450M) to Adjusted Volume-Based allocations 450M JUP (with deduplication).
DAO / JUP Stakers, Community contributors, New Feature Users, Perpetual Traders and JLP holders are all included in this Jupuary proposal, alongside with regular traders of the volume tiers $10M+ tier, $1M - $10M tier, $100K - $1M tier, $10K - $100K tier, $1K - $10K tier and $100+ users.
2 Likes
Thank you @Scribblex! Appreciate your support!
Yes I’m convinced the team has the ability to apply deduplication and spot and filter out large clusters of ‘‘gaming the system’’ and ‘‘Sybil attacks’’. As @Meow said:
Most of the spam, duplicate and bot wallets are included in the 11,361,557 wallets with less than < $100 volume, that’s why by only including the 3,885,443 wallets with $100+ volume you filter out most airdrop farmers already.
But remember, I only allocated 40M out of 700M JUP (5.9%) which equals 10 JUP per wallet in my proposal for those 3,885,443 $100+ users.
The majority of the airdrop in my proposal (93.8%) would go to only 9.3% of Jupiter users! (1,419,121 out of 15,247,000 users) who have over $1000+ of volume or specific activities in the Jupiverse.
This includes DAO / JUP Stakers, Community contributors, New Feature Users, Perpetual Traders and JLP holders, alongside with regular traders of the higher volume tiers $10M+ tier, $1M - $10M tier, $100K - $1M tier, $10K - $100K tier and the $1K - $10K tier.
3 Likes
Honestly, this is a shortsighted take - the team would never agree with this.
There are millions of legitimate Jupiter users who are not yet JUP holders. They just know Jupiter as the DEX, and not yet for the newly launched token. The goal of Jupuary is to onboard and engage more regular users into the Jupiverse.
And
1 Like
You completely fail to understand the purpose of Jupuary.
As a Solana token developer who developed and marketed three (3) (multi)-Million USD market cap tokens, I performed over 100,000+ airdrops of our (Jupiter verified) token to top token holders on Solana. Many of the most active Solana degens have seen our token in their wallet, and a good portion has bought many more after receiving the airdrop (some became whales).
With this background I understand that Jupuary is a marketing strategy. As well as a way to distribute JUP into the hands of millions of genuine Jupiter users. It provides (social)media attention and hype worth many millions of Dollars.
The focus is not on rewarding users, more about engaging Jupiter users, distributing JUP and incentivising users (which is distinctly different from rewarding users). Even if it was about rewarding, then all users of Jupiter and participants of the Jupiter ecosystem should be rewarded - not only JUP holders.
2 Likes
As I mentioned the last time you tagged me, I won’t waste any more of my time arguing with you.
You come across with such a high ego, acting like you have the ultimate truth while throwing around numbers and statements, many of which don’t make any sense. So please, stop tagging me—I’ve already told you I won’t make any effort to respond to your comments.
Why would I? Clearly, you already know more than everyone here.
Good luck in your journey farmer
5 Likes
Asking for a friend, how many of your personal wallets would get airdropped if Jupuary happens with the conditions listed on your proposal and how many of your project related wallets would receive the airdrop? Would the total amount be significant to you?
4 Likes
It is my intention to respond to every reply to the topic and discussion I started. When people keep replying with new things, I keep replying to their replies.
It appears you’ve not reached the lows of throwing around wild accusations with no substance, in response to a valid argument which is in line with the inclusive and growth oriented vision of the Jupiter team for Jupiter. I can only repeat:
3 Likes
First of all, nobody on this forum deserves to have their motives questioned as a result of providing valid arguments. I’m a big Jupiter user and I love the Jupiverse. As a JUP holder I care about a strategic distribution of JUP through Jupuary.
I’ve used nearly every function of Jupiter JUP, JLP liquidity providing, JupSOL, advance trading features, DAO / Staking JUP, Perpetual contracts, as well as reaching decent trading volume on my personal wallet through Swap and DCA. I don’t feel the need to provide further details about the extend of my trading.
Our project wallets wouldn’t benefit much as they’re mainly treasury wallets. Maybe 70 JUP or 150 JUP at the most but that’s just nice to HODL and doesn’t provide any significant to a project of any significant size. That doesn’t provide any benefit to us, and would just provide JUP with another HODL-er.
The Jupiter airdrop would benefit the entire Jupiter and broader Solana community. Most of the traders of our tokens use Jupiter, as we have always linked to Jupiter and recommended it, so they would probably receive some kind of airdrop based on their activity.
The airdrop amounts in my proposal are mainly significant to JLP holders and JUP stakers as it’s a linear amount proportionate to the amount invested.
For example the person with 10 Million JUP staked would get $1,590,000 in my proposal. I’m not that person, but I think it’s cool to airdrop it to him. Maybe that user is even @Meow himself, who knows? But I don’t think more than 10% to JUP stakers is needed as part of a balanced distribution method.
4 Likes
I did not mention price.
My ownership of JUP will require a 50% increase due to the upcoming dilution in the supply of JUP and as a staker I want the same percentage of the circulating supply after the airdrop. To solve this we allocate 220million to 440mil staked JUP linearly.
3 Likes