But there is some nuance here because Jupuary round #1 was for the period of pre-Nov 2022 until Nov 2023. The people who received allocation for round #1 received it for that period. They got crazy airdrop amounts and got lucky / were the first movers. Past allocation of the period before Nov 2023 shouldn’t affect allocation of the period after Nov 2023.
ASR came from the unclaimed 215B JUP from round #1, which is part of the broader community distribution of JUP (of which 2.1B remaining after the burn). JLP earnings on the other hand don’t come from a JUP token supply allocation, but from actual profits in return for providing liquidity to the 850M pool to enable perps trading.
JLP holders have less allocation in my proposal than JUP Stakers with 20M and 70M respectively, but JLP and JUP are also included in the New Features and New Token users, with 70M extra allocation for the total amount of this category.
Would it be different in your opinion if they would have burned the remaining 215M JUP from J#1 and added 200M JUP to continuation of ASR from elsewhere in the token reserves?
The allocation in Jupuary round #1 was 100M JUP (determined by the team). This was changed to 70M JUP for round #2 in my proposal, but has to be shared with probably 10X+ the amount of people so will be significantly less per contributor.
There are way more community contributors than just a few hundred. There are 17,302 users on Jupresearch, around 25,000 people attending weekly calls, and 156,182 users on the Discord Community. There are also work groups and people investing serious time into Jupiter as a community contributed without getting a salary.
These are not just social media posters but the people actually building Jupiter as an extension of the team. People might not have a clear picture of this unless they’re a more active part of the online community and all the initiatives that are going on.
Probably 17,000 out of 17,302 farmers because I don’t see more than 302 people active here Anyways the team will look at actual contributions based on the submission, and not at just being a member of a certain channel.
But 156,182 members at Discord and over 20,000 people attending calls also says something. And we also have to remember that JUP actually has 814,148 holders after Jupuary #1. It’s quite a big community and the Jupuaries are really helping.
Sorry. My bad. English not my first language. I guess, I don’t understand the word “contributors”.
Dude, I’m everywhere on social media. I follow Jupiter exchange pretty much where I can. Does that make me a contributor. I don’t think so.
Real contributors, probably under few hundreds. If you propose 70 mil tokens for less than 1k contributors, for me, that’s insane.
Off topic: why is everybody so afraid about JUP losing value after the airdrop? Isn’t this the best time to get some more?
Thanks! It comes from personal experience: Would you rather have one person come in once and spend $100 on a meal or have a person come in three times a week for a year and spend $10 a day for a whole year? Once signals loyalty, and that is most important over anything else. Remember Black List with James Spader haha!
In brutal market conditions like those of 2024, JUP has more then weathered the storm, and the reasons IMO are the expansion of the utility and top-notch UI/UX. But one thing I would suggest for Jupiter Aidrop Round 2, why not integrate a banner in the mobile app inciting users to try the app even more often, buy and stake JUP and build volume.
It has been quiet in here for sure. It became more active just recently and mainly for the jupuary debates, which is cool. There has been about 150 people who have visited here at least in 10 different days over the past 30 days. But I’m pretty sure this place is about to explode when more and more people join for the jupuary debates.
This is something which has been already replied to over 20+ times. These 2.3 Million wallets are not the final number. This is the number before deduplication. Deduplication still has to be applied by the team, using data and tools the community may not have access to.
Meow has made it clear in speaking and in writing that deduplication will be used.
The team can use timestamps, browser fingerprints, IP addresses, behavioral analysis, transaction patterns, transfers between wallets and many more deduplication methods to exclude farmers.
It was mentioned 20+ times that the proposal is for adjusted volume, to perform further deduplication and anti-Sybil measures through Blockchain Analysis. Using these tool the team can can easily find clusters of 1,000’s of inorganic bot wallets which can be identified as ‘farming’. It might be more constructive to ask a question about something if it needs to be clarified, rather than falling into repetition, so we don’t keep talking in circles.
Fair point regarding the deduplication method, but then we are left with the manual farmers from African and Asian countries, how would that problem be solved? After all there was 1 airdrop before which rewarded swappers + there are youtube guides on how to farm Jupiter
Thanks for your fair reply. Concerning manual farming this can be found out and filtered out in the same way. By using methods such as below:
Some important points to consider:
The moment a farmer transfers from wallet A to B he creates an on-chain connection between the wallets. The more connections, the easier it becomes to filter these out. The certainty of these assumptions can be confirmed with additional proof of farming, such as with timestamps, same IP’s and browser fingerprints, same transaction patterns etc.
Many farmers in poor countries focus on quantity over quality, because they often don’t have a lot of funds to work with.
For example they may have assumed a wallet with low volume would still get ‘at least something’ like the 200 JUP in last round, but this could not the case anymore and they would not get an airdrop.
A $1,000.00+ minimum volume limit helps filter out over 1.5 Million wallets with $100.00 - $1,000.00 in transaction volume, and over 13 Million total wallets with under $1,000.00 transaction volume.
The YouTube gurus don’t seem to know much about deduplication at all and are likely wasting the time of their audience for round #2 because they’re using round #1 criteria assumptions.
It should be avoided to use opaque, arbitrary and random methods which would filter out many legitimate users - this would be unfair and would furthermore create a reputation and FUD issue on (social)media.
For example when you use a minimum transaction count, you would unfairly exclude the buy and hold users who just bought $11,000 WEN or JUP or JLP and staked / HODL it, and didn’t do any further trading.
When you use a minimum time the user should have been active on Solana, you arbitrarily and unfairly exclude hundreds of thousands of new users who were on time for the snapshot like all others.
Instead you can include these users by not using uncertain, unfair and arbitrary methods, buy by using actual data-science based deduplication. By the way, AI can also assist a lot better in data analysis using good tools, when comparing this year to last year.
You can never exclude 100% of farmers, but you can try to get close to 100% within reason. The $1,000+ lower limit helps to filter out the great majority, and further more specific deduplication would do the rest.
Anyways the team will look at actual contributions based on the submission, and not at just being a member of a certain channel.
