It actually requires commitment for someone who never earn incentives from Jupiter exchange, use it money to stake for long time and participate in governance program. Anyone whom might actually contribute either way or the other deserves to be recognises. If jupnuary pass I believe in the team they have best plans for every deserve individuals.
Well that’s not the case if they are only aquiring to farm the airdrop right?
I think those who never sold may not be the best way to build airdrop criteria. While I have never sold and only aquired more there may be life reasons that someone sold. I don’t know if they should be excluded.
But I am also starting to think the Jupuary airdrop may not be a great idea. With the amount of info dropped at breakpoint with the app coming and the aquisitions, not sure just.giving JUP away is going to onboard more. Maybe using the Jupuary airdrop to increase ASR can contribute more to growth and attract new buyers. This is also a good way to incentivise ASR until we find out if the LFG launchpad will still allocate the .75% fee to JUP DAO voters.
Good thread, using jupnuary to increase ASR will still bring in whale control over less stakers, ASR and Jupnuary is a two different program, mostly jupnuary is an ecosystem incentive while ASR is a Dao quarterly reward program for active daos. Sometimes incentives bring in best and easier market plan, people joining crypto everyday needs to feel the importance of Airdrop. Mostly use to onboard new users.
I get that they are two different avenues with two different goals. My thinking is at this point what is giving away free jup going to do. The criteria for gaining more users maybe shouldn’t be just using JUP as that is really the same thing as rewarding JUP voters in my mind. Your giving it to active JUP members regardless. If given to the DAO yes that is only increasing the amount in the DAO but given out in Jupuary how will that benefit JUP how can the criteria be made to help with that. I think that is the billion dollar question.
Did you mean using Jup as reward for jupnuary does really necessary right? I’m sure if jupnuary later happen, among the daos too, Dao members who will sell will still sell, such huge amounts of Jup cannot be keep only on few daos members. Users who joined jupiverse after jupnuary, new catdet, Working Group, real product users and many well deserved users of Jupiter products deserves to share the cake. Keeping that huge amount of Jup in the hand of daos doesn’t means It will still not affect the price instead they should burn everything all by every quarters.
No I guess I wasn’t saying only the DAO should get it I was just referring to increasing ASR versus a Jupuary. By no means am I saying either is right or wrong yet just given different ideas. That is true though JUP is more than a DAO. Not fair to just reward the DAO when JUP has so many products. Keeping it as ASR would not be a good JUP community move though I stand corrected!
Because of the immense transparency of Meow + team, IMO Jupuary 1-4 has already been priced in and could definitely cause short term negative price action but is ultimately WORTH IT due to being a powerful Customer Acquisition tool.
However this only works for 2 BIG reasons:
#1 The Airdrop(s) are executed by a non VC influenced team of CHADS.
#2 The token is backed by a legit product with true PMF + A long-term vision held by founder(s)/leadership.
Obv having both is rare but also IS Jupiter (Meow) $JUP, IMO.
Transparency and good product is actually making jupiverse to flourish. This year breakpoint is absolutely great for the jupiverse ecosystem. No VC, No influencer. Just good product, Certainty, Alignment and Transparency.
1 year hold period is way too much imo - there could be many reasons for people to have sold (partial or whole allocation) but if we say for example ‘‘haven’t sold for the first 3 months or even 6’’ then it could be used as a multiplier
I disagree .
12 month hold shows belief in project above anything.
If you sold c your reason to sell outweighed your belief in Jupiter and the team
Hold and sell should be choice though I read about the man who sold his jup allocation to save his dog life, “humanity” sometimes when problems come you think of where you have investment in and sold it to safe yourself. People may sell base on their personal reason, doesn’t make them a dumber. Some sell during selling pressure and buy it back again. For the voting aspect no way you want to participate in ASR and voted in all proposal without having at least 6 months stake. It’s Decentralised system the choice can’t and shouldn’t be dictate.
100% agree. Especially in crypto, 12months is like a century!