The goal of Jupuary is to encourage new people to join the DAO. That doesn’t happen if you just give tokens to existing members.
There are many more people that have used Jupiter products than there are existing $JUP stakers. The idea is to give them some $JUP and incentivize them to participate in the DAO. That’s why the claimed tokens will be staked. That’s why there will be a penalty for those that wish to cash out. There will be some percentage that stay in the DAO. Will it be 100%? Of course not. But my guess is it will be a significant portion.
This is what the team feels is the best way to quickly grow the DAO at the present time. They also believe that an expanded DAO will lead to a better and expanded Jupiverse which will benefit EVERYONE in the end.
Then it seems that you do not understand what they are trying to accomplish and how they want to go about it which is perfectly fine. Everyone is entitled to their perspective.
Seems like you and the DAO are not a good fit. In which case, leaving is the right thing for you to do for you.
No hard feelings. Wish you all the best in finding something that fits your values better.
Nah I totally understand it, but I think it’s just ridicoulous how they are executing it.
I think it’s even disrespectul and immoral from Meow to go out there and call it a " gift " when you are aware that it will damage those that have been staking your coin all the year
and If you really want it to be a " gift " you don’t spend the whole year saying there will be a gift LOL, you keep it secreatly and then just deliver it.
But yeah, as I said, of course Im out after this show
Agree with you. To be in constant dilution year after year with the Jupanary as a staker is not what i expected. Alot of project has inflation but the stakers that put capital, risk and longterm commitment are part of this inflation and follow it.
In this setup staking won’t be profitable in the longrun.
Tbh the team haven’t spoken about airdrop much until last week. So there is no everyday saying it was an entitlement rather than a gift.
Now the jupuary discussion ha commenced they have let us know it’s a gift. I respect that.
I’m gonna be honest, I’m the #1 most active user on this site, I still see it as a gift, I’m not expecting anything, if I get nothing I won’t be mad.
No one should be mad if their aunty doesn’t buy them an expensive birthday gift, so why would I be mad if I got none?
Also if someone gives me a gift I don’t like (such as locking it for 12 months) I still than them for the thought they put into it, and the fact they thought about me I appreciate
I’m also into the top 3K stakers with daily JUP products activity
Actually it’s funny because I was just using Jup DCA and Perps to support the project, because there are clearly more economic ways to do those activities.
But yeah, I guess everthing depends from the prespective you look at it.
I think the team is managing the Jupuary in the worst way as possible hurting the community and stakers, I hope that changes because obviously the potenital is huge, but till I see some appreciation for stakers I’m out.
Thank you for everything, but I don’t want to have farmers dumping on me for two more years
I agree with you on most points, however, this is simply not how it works. Just like USD could be printed as much as possible, but we do not see inflation until the supply is actually added to circulation.
Similarly, the market currently deals with around 1.3 billion JUP today, the supply in a traditional sense. The rest of the JUP total supply sits in a wallet, and does not impact the day to day market at all in terms of supply and demand.
Once released, we would be looking at 700m per year inflation on JUP from Jupuary and another 200m from ASR (50m/quarter).
Increased supply, constant demand = lower price.
Now you might say that demand would go up in a bull cycle that we are currently in, and while it would be an accurate statement, we should not forget that the higher demand without the supply going up would lead to higher prices for the current investors.
Either way, the downside price impact is not an opinion, and is actually backed by data and economic theories; the most common one at that “Supply & Demand”.
Now we’re just splitting hairs. I’m fully aware of how inflation works.
The main point is that those tokens are going to be in circulation one way or another. Further, going back to last year, it was always the plan to have additional Jupuaries to distribute those tokens so no one should be surprised about the additional supply going into circulation.
Yes, I am aware the tokens will be released someday, however, the rate of inflation changes drastically when releasing 700m tokens over 10 years versus 1 year for example.
Same goes for countries and their respective currencies.
Same goes for a company producing consumer goods.
Inflation is indeed needed, I totally agree and do not oppose that. What I am opposing is the hyperinflation rather.
Aside from that, Jupuary continuation was never guaranteed at all by @meow last year. Even using the facts today, it is still not guaranteed until the DAO votes for it.
That is my strategy as well if this vote were to pass.
700m JUP per year for the next 2 years.
200m JUP per year from ASR; 50M per quarter.
With the current circulating supply around 1.3B JUP, we would be looking at the following :
2025: 69.23% inflation.
2026: 40.90% inflation.
Keep in mind, staking and voting is not an airdrop criteria according to Meow, leaving investors with yet another middle fingers.
Jupiter exchange wanting to reward its users, that it makes the money from, using investors funds is just wild.
Unless they would like to share those fees with the investors either directly or indirectly through buybacks of JUP, it makes 0 sense for to vote FOR Jupuary.
I hope the rest of our larger voters are economically sound to realize this.
This is another point with which I have a bone to pick.
JUP holders are not “investors”. When you invest in a company, that money goes directly to the company and they use that capital to grow the business. If/when that company turns a profit, investors share a portion of those profits.
When you buy JUP tokens on the open market, Jupiter doesn’t see a penny of that. Therefore, Jupiter is not rewarding its users with “investor” funds. It is rewarding them with a governance token that it created out of thin air, a token which has no claim on any of the profits from the Jupiter platform.
Are the Bitcoin, Ethereum ETF holders also just speculating and not investing?
Should Blackrock update their industry-type to gambling instead of investment management/brokerage?
In reality, crypto tokens are investments (more suited for individuals with a higher risk tolerance), but that doesn’t help push the “Gaslight the voters until they approve the $800m airdrop” narrative, does it?
Scenario 2: Agree
Even if I were to agree with you, how do you justify the JUP “speculators” being asked to pay the users of this random company we don’t hold the shares for, over $800m?
No, it’s not a missing factor. It’s called Jupuary for a reason. It should’ve happen this year, next year and the year after.
When I bought my Jup tokens I was fully aware of this. I don’t understand why so many of you are crying every day about it, like it never supposed to happen. It’s pathetic, for real
Sir, you have provided 0 reasoning and just calling us names.
Please either counter our points with some fact-based reasoning, or kindly let the rest of us have a real discussion if you have nothing good to provide.
Textbook farmer behavior is not helping your case, regardless.
