People who vote are the ones who vote. Everyone can choose.
Jup is a DAO token right ?
Just so that we are clear.
Lots of people hold btc on CEXāS as well!
decentralization at work I guess.
Brother⦠I just let it be.
Here is a real good visual example
Tell me again how a token with considerably LESS supply.
Has far greater distribution
A buddy of mine reading this just told me to go check this site out and I will be using this a lot more
Case closed
Iāll leave it to you the voters.
To discern which one is $JUP
And which one is $RAY
Itās not fud simply because it goes against an overwhelmingly abundant chorus of YES MEN. The things that make a DAO great. Is discourse. Yes. I encourage all to fact check everything. Do your own research. Ecetra. Will make this forum a lot better. And again. Quote anything I miss said with facts please. Correction is necessary for growth.
Itās not that complicated⦠basic supply and demand. You either need more demand than supply or less supply to meet demand. Iām all for increasing supply but demand has to come first. Theyāre needs to be a balanced approach. You start small like one state or country at a time and build community slowly and organically. You donāt just try to take over the world from the get go. If you have a good product people will hear about it.
@lil_cadet, we all have different opinions⦠this vote is too important to form an opinion and be stubborn with it. Iām trying to understand points that Iāve never considered before and am appreciative of anything constructive thatās added to the conversation. Youāve brought up some interesting points in the past, but some of ur most recent posts are just pure FUD.
Letās get a few things straight.
#1, if you had a Ted talk, the room would be pretty empty. Maybe a few of your loved ones would be in attendance.
#2, you give the perception that youāre an established player in tradfi. If so, Iām assuming you have a degree in traditional finance and have taken either Econ 100 or 101 where on the first day of class you learn about supply and demand. Unless your comment was sarcasm, it completely contradicts itself.
#3, if tradfi had access to an investment like JUP (potential price appreciation, current staking APR, team, acquisitions, future products and refinement of current products, etcā¦) every fund would have a large piece of JUP in their holdings.
Thereās more I can point out, but this is already enough time spent on this.
Would love to see constructive posts⦠not stuff thatās going to mislead the other members of the DAO.
I agree with you that there are too many yes men⦠but this is why there is a vote and there needs to be a super majority
I donāt know. I feel like we shouldāve had these debates 6 months ago or sometime after second Jupuary.
I feel that the timing is absolutely horrible. Just an opinion. Maybe Iām wrong.
Thatās something I totally agree with. This is so big thing it should have been thought of much earlier. Or remove it from the bull season and get back to it during bear market when there are much less emotions involved.
Now we wait till 25th to vote, which may not pass. Then we vote again which may or may not pass. If it doesnāt pass, then we have to think again how to use that 700M JUP.
The initial Jupuary was great, it was the token distribution and established the community. Lots of people farmed Jupiter the whole year in the hopes of receiving something from the next jupuary. ASR and LFG was introduced which catch investors attention and drove the price up. LFG was failed experiment, thus discontinued. Now half the people are waiting to get free JUP and big holders are fighting to get their holdings NOT diluted.
The bull market is quick and it doesnāt wait.
Well, it is what it is. Nobody is perfect. Even the brightest minds get it wrong some times. Weāll see how it goes.
How can the Jupuary distribution be balanced to avoid significant sell pressure while maintaining interest from new users?
Your Sorry? I farmed Jup Swap over 17 Million and used every single available link and Tech The team has implemented, I donāt quite understand why your sorry, I am not Upset⦠I love the Fact that Many others Did the Exact same as me EXPECTING nothing for over 3 years and Loved, & STILL DO! -The Jup product line.
I am so Grateful that I got the Top Tier Bonus!
I love seeing Everyone Come together for something much bigger than just themselves, and I love the fact that TOGETHER we can grow the PIE much more aggressively, If I am sorry about anything Its that many people do Not understand how PPP Transforms EVERYONES Growth & security (monies) by 1000 FOLD.
But If I have to be sorry about anything its that many more protocols donāt use this same methodology and reward the return users. in the way JUP has.
I am also Sorry that More people than not are only striving for themselves and Riches!
WHILE COMPLETELY MISSING THE MOST IMPORTANT TOPIC!!!
āITS ALL ABOUT THE JOURNEYā
~IN THE END THAT IS ALL THAT WE WILL HAVE TO LOOK BACK ON AND HOPEFULLY BE SATISFIED WITH!
Love you All
PPP
J4J
There needs to be a happy medium here. Dropping 50% more of the supply isnāt fair to investors who bought the token and having no air drop isnāt fair to people who farmed in anticipation of it either. How about a halving situation every year including jupuaries and asr? This slows down the dilution whilst still rewarding users, farmers and stakers? The rewards would be half the tokens but the price may be double or more? So dollar wise we all win? Idk just a thought
This is a list of the top 1000 holders of JUP
I have never looked at a project that had such clearly skewed holders man. This is insane.
Iām WAITING for that correction btw boys. Please. Bring it, as I was saying. If I gave this to my boy, who looks at the chain in a highly forensic manner I wonder how many clusters he would find OUT OF 1000 WALLETS
That are clearly owned by more than 1 person. From what i understand itās relatively easy to tell with a little bit of knowledge. The Top 1000 and presumably top 1200 wallets based on this wild dispersion.
ARE ALL WHALES. And just looking into these wallets. The only token being held in many of them. IS JUP. I donāt even want to get into what this is evidence of, the word Sybil gets thrown around a lot in the discord. Trying to keep things civil here.
This definitely does not seem to me atleast, a newbie in this particular area of crypto, to be the kind of coin that you want to purchase openly on the market except that you either were airdropped a decent amount or bought it at 50% of todays price. The upside potential in jup is really hard to determine from every technical angle I can use. This is short term upside also like 1-3 months buying here in hopes that you see a 1x? I can promise you that the people you are needing to onboard do not have that kind of patience in this market.
I believe in the product, ease of use. Platform is well designed. Art is sick. A lot of good things to say about JUP and I have been quoted as such irl. So I really could give A FUCK if people want to try and say Iām trying to FUD. Pretending to be smart.
I know myself. I know the people that I represent and anything less than a throughly conducted audit of the coin, its services, the holders, the forums, the dao mechanics will be a failure not only to myself but to the people I would ask to invest in this or any project on the block chain.
I donāt know if you guys understand how much of a blessing a 1.00 handle is on a coin that has such a high total supply. I think it definitely reflects a lot of the good Jup has to offer. One last thing I can say before dinner and sleep is that I would most certainly not be one of these people whining about price after what I have learned even today.
One of the āfewā
As is often stated all over the twitter verse.
Goodnight Cats.
Thank you for citing examples in my post
You must have been an excellent debater. Who I would handsomely fucking crush. In every possible arena ever.
Prove me wrong.
I highly fucking doubt it boy. Or you would have done so. Period.
U win. I am crushed.
I agree.
Simply, we were said we were going to do it, and we need to deliver.
Integrity is rare and absolutely crucial for growing the community.
Donāt not be crushed. And I did not mean to just say boy without putting the my in front.
I want you to show me. Where Iām wrong and not come at me with just emotions man. Bring the facts. If I fucked up. Tell me bro. Show me where. I fucking serious. At the very least I want to be surrounded by people who care about their investment long term.
That is true. I donāt want to argue with members for no reason.
My retard unc sent me this
Funny how Jupiter does not care about volume with regard to the largest airdrop they have ever had. Yet they seem to be again. Edging users into racking up high amounts of WHAT, for all my folks in here that think rev is generated via STAKING.
That the platform grows because you STAKE
fuck no it does not.
They line their pockets. Because users like REKT. Get fucking destroyed on perps. This man is using the platform to the highest degree. One of few normal folks Iāve seen deploy 6 figures notional into perps. But he should not get anything from jupuary huh? Because volume doesnāt matter?
I wish he was in this forum hearing so many ppl who receive ASR via staking. could explain their thesis on a lot. To him that actually uses the platform 10x more than a lot of you.
We need TRADERS in here to combat the chorus of STAKERS. Because I think it is getting confusing as to how JUPās bread is buttered.