Dear team JUP,
I am ot the 1st round Jupuary person but a long term ASR holder of JUP since Mar 2024 who missed the first few votes.
Thank you for your world class skillsets for making an excellent platform to us.
However, I believe most of the DAO members are asking the same question.
Why do we have one of the best platforms & products coverage in Defi , and the price of DAO token $JUP continue to fall without touching the bottom?
After chating on JUP discord a week, the majority are having the same feeling like me.
We agree that the team is making a lot of great products and acqusitions in the past months.
HOWEVER, we don’t feel like the team is doing anything effectively to stop the price drop of $JUP. i know… 3B token burn , 50% rev buyback and a lot more.. BUT, does it really work?
$JUP price tells everything. After getting more feedback from discord, huge percentage of our dudes agree that the schedule token-unlocked is the key reason to casue $JUP sinking.
I am quite sure all of the JUP team members knows the token dilution. People are giving up the hope of $JUP and the short people can attack our token easily…
My question is : why you guys keep building the plafotm all the time but not going back to think more possible solutions to get rid of this depressed atomsphere around $JUP?
if we can’t stop token unlocked, then burn them again !!!
Suggestion 1: consider to burn the monthly unlocked token every month (or high % like 80%, 90% or 100%)
Suggestion 2: consider to burn the unlocked token after each ASR reward
Suggestion 3: anything that help to cut the token dilution
For us, we are not sure the allocation that the communitee plan to get in future. BUT, if JUP price is $10 in 5 years (assume the team holds 28M) vs $1 in 5 years ( the team holds 280M), it is the same…
if the team doesn’t do more things to show the DAO, it will be a big chance for $JUP to stay in a very very low price level later and market will ignore it eventually
You are working harder to build the platform, that doesnt know people out there are not working harder than you guys.
Please… time to wake up and listen the your core FANs (ASR) voice and show the market ASAP.
if the makret starts rebound later and this dulition problem is still not solved. THen… really can say bye bye JUP.
Finally, thanks to the chinese discord channel helper (@Enna) to explain to us and trying hard to calm down the anger here