He is security conscious
His choice
IMO
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Can fee based products be farmed?
If so, wouldnât we want MAX farmers, MAX farming perps, LO, DCA, etcâŚ?
3 Likes
In this case if not volume which would be the primary criteria?
You need to have very high iQ to think my public name is my main wallet, you got me 
3 Likes
No expectations, no disappointments. Just like the first time, it was unexpected and a gift. If you want real users to receive it, airdrop to those who hold the âChapter 2 Preorder tokenâ NFTs, to support Solana Mobile. This will also expand Jupiter and its ecosystem
2 Likes
With over $500 Billion in trading volume, Jupiter has enough genuine users. If Jupiter wanted to maximise revenue there would be many ways to do so, but that clearly isnât the goal at the current stage of the roadmap. The goal is organic user and community growth, product adoption and improvement. There is no need for famers and inorganic platform usage.
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Itâs much easier than you think to exclude famers and Sybils from allocation eligibility.
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Somehow i feel like airdrops is not organic growth. Building a great product that people want to part of and buys the token with there own money is more generic. By just giving it uot you basicly say it has no value
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Makes sense. I was just curious.
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Good morning to all community.
What I will say is only my humble opinion.
I have carefully read all the proposals, the fear, the concerns and even disappointments of some users.
First because they have decreased the allocation by 30%, it has its positive and negative points.
On the other hand, the large number of users 18x more than the first, which means a drastic drop in the allocation, almost irrelevant to me. Why?.
Speaking only in terms of airdrop.
There are millions of users who have joined solana this 2024 and have been climbing making volume between 10 and 1k on jupiter step by step in this cryptographic world. I think that giving them between 7 and 15 jup is quite low compared to people who only got 200 with one transaction last year. And on the other hand, those people who move 10M in volume or more are given 3k to 7k. On both sides, I see it as very deficient.
Letâs see what the team does to seek equality for everyone and continue to encourage them, because letâs be honest, 70% is here for the airdrop.
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Itâs organic growth because itâs distributing the Jupiter and Jupiverse token JUP to the Jupiter community and users.
1 Like
This is an amazing, detailed, data-driven proposal.
I love the detail and thought and consideration
But in terms of contribution to the ecosystem, a trader that drives 1m in perps volume is contributing value an order of magnitude higher then someone staking 1000 JUP
I participate in many DAOs with no incentives or rewards at all
Iâve contributed hundreds of hours to StackOverflow, Reddit and other platforms giving free advice on software engineering based on my background in Computer Science and 15+ year career.
I really dont understand the rationale for contributing such a huge amount of resources to community members voluntarily doing things that every other community online does for free.
The world runs on Free Open-Source Software developed by brilliant minds over tens of thousands of hours and this community wants tens of thousands of dollars for reading a short paragraph of text and clicking a button or sending messages on Discord?
3 Likes
For reference, literally every single online platform or service pays for growth
Its the tech business model pioneered by companies from the 90s, decades before Jupiter was founded
The idea is that if you pay a fixed one-time cost for user acquisition, a high-value product will drive retention greater then the initial cost
Every single time
A Jupiter competitor that leverages growth marketing strategies would grind Jupiter into the dust in >2 years if Jupiter just sat on its hands
There is a method to the madness
Trust in Meow and the leadership
In this case though, itâs the JUP holders who would pay this. Sure, the team also holds JUP but they canât exit this bull anyway so they are risk free to think longer term than experienced crypto investors who know that itâs simply stupid to hold an altcoin throughout the cycle.
We are aiming to exit this bull, the team is aiming to exit later than that.
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If you want to speculate on a governance token thatâs your choice
Dont expect the entire ecosystem to bend over backwards for your choice
Thinking about tokens like âstocksâ you hold, buy and sell is 2010 thinking
The real future is onchain where tokenized yield-bearing RWA and SoV tokens are used to acquire collatoralized stablecoin loans that debit/prePaid cards authorizations use as a settlement layer
But then again this is thinking that comes from technical Web3 insiders that work directly in the industry and we may need a simplified UI/UX to abstract away the complexity of this approach for the general public
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JLP is the token you should focus on for long-term growth
Trying to make a quick buck on a governance token volatility is not exactly what most Web3 thought leaders would consider extremely âsophisticatedâ
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Though, thatâs what every investor/speculator is doing here. Or are you saying that if you donât want to commit into JUP for several years, you should get out from it now?
Actually +100M JUP are being unstaked and the amount is increasing exponentially. Those will be sold if the upcoming jupuary proposal doesnât satisfy the token price speculators. Add 700M JUP injected to the circulation and you will see the sentiment around Jupiter to drop among the value of JUP.
I think its smarter for Jupiter team to rather âbend over backwardsâ than see the sentiment and JUP getting destroyed due to big part of community abandoning the project, since holding and staking JUP doesnât make sense.
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And to be clear, while I represent certain views and Iâm biased for these specific views, I also understand, or at least stop thinking and try to understand the other views as well. The solution will not be black or white but rather a colour palette we can all stand behind.
3 Likes
I Would really like for Anyone with reasonable Loyalty towards GROWING THE PIE for ALL to Hear My Thoughts⌠I wrote this under Huge stress and I dont think Users with $50 Should get 10 JUP, I mean this is a WHILE YEAR LONG⌠Your KILLING your AMBASSADORS LIKE MYSELF. Please let me Know your thoughts AS I AM ONE OF THE 4,000 Wallets who Honestly does way over 1 million - 50 million Swap Volume SINCE 2021! Every YEAR!
There is less than 5,000 High Volume Users ( I know Iâm over 1Million & prob over 10Million) 16+ Million for first january was my fair daily use volume I donât understand how Loyal and Dedicated users generating Such extreme volumes like I do only get a few times more than say the 150,000 user range? I mean there are only 4k of US. We do more Volume than all other tiers and USERS combined. I mean seriously I am all about Growing the PIE and IM a loyal WERE MEOW SUPPORTER but There should be some STRONG show of support for the USERS like me who there are less than 5k of who have been doing millions of dollars of volume yearly since INCEPTION of JUP⌠I was Labeled an O.G User the first JUPUARY - A Great story to be told is the one where I can let the NEWCOMERS know that for the last 5 Years I have been LOYALLY SWAPPING ONLY THOUGH JUP and without ever knowing I was going to receive anything I was rewarded for my O.G loyalty, Well, I am STILL only HERE on JUP and MOVING MILLIONS onboarding many and seriously I think If I was one of the other 5K SUPER DEDICATED USERS I would feel pretty underappreciated. ⌠Thatâs only adding simply swap volume. I also have done millions through the PERPS & LOST millions through the PERPS & So has many in my family because we love to use the Products. along with bought Many JUP staked and VOTED with all my heart like my LIFE depended on it.
In the END I will still be here Just my 2 CENTS I mean I lost millions through HUBBLE PROTOCOL and was a USER for many YEARS and never got a simple THANK YOU. So Whatever MEOW thinks is BEST I will go with. I have no choice, but to go elsewhereâŚBut theres No where ELSE I WANT TO BE!
Thank you SS
PPP
J4J
Very Good Point.
I think the First JUP Meow was Way to OVERLY compassionate to Anyone and Everyone who Just tried JUP.
Iâm one of the ONLY 4,400 wallets doing 10m Plus volume now still yearly and was doing 16M the first JUP when I knew nothing about an airdropâŚ
So I also cant wait to see what is done here because I feel what was created was a Ton of Unloyalty and wishful thinking People looking for a free Buck - Possibly to Stake and onboard themselves, But in the End its the REAL DEDICATED and Passionate Users who I feel get hurt the Most. Especially seeing now that there are 16 million wallets when the first Jup had a âwelcome Periodâ that basically gave anyone a free 200 JUP just to create a wallet. ( Donât think for one second those who ran for a free 200 JUP each didnât go and create 3-5 more wallets each trying to make a buck for this upcoming JUPâŚ,)
l Use basically 1 wallet and anyone can check it out its PURELY ORGANIC.
allme.sol
But please Donât Miss the Forest for some Trees.
And donât loose sight of the JOURNEY for a few Bucks!
We will all be okay!
PPP
J4J