It’s becoming quite obvious that the enormous amount of FUD that is being posted on Social Media platforms whebever there is an DAO, in particular if the subject of the DAO is truly business related is negatively affecting Jupiter’s token price, yes all coins are down quite heavily in price atm, however considering IMO that Jupiter is the number 1 platform within the Solana ecosystem, the price performance has been well below acceptable.
I see no reason why people who more likely than not, have zero experience in running a platform within the crypto sphere or running a business IRL should be making business decisions.. Then if things don’t go their way, they are hitting social media and expressing their displeasure of a particular decision not going their way. This is FUD and it’s fudding Jupiter, creating a negative vibe towards the token and any possible purchases.
I’m not going to suggest a DAO on the following, what I will suggest is for Meow and the team to take all business related decision from the DAO completely, they have built a highly successful platform, so they clearly have the brains to make the right decisions for the platform for its long term growth.
The ASR should be scrapped! Replaced with rewarding the staking of the tokens with the already allocated tokens (50 million) for whatever remaining timeframe applicable.
This will eliminate an enourmous amount of FUD from socials, leave the decision of the business to those best to make those decisions as well…
The potential for Jupiter is beyond comprehension, but its price will never ever gain any traction while people are Fudding it because a business decision didn’t go the way they voted for or they don’t like the options of a proposal…
I feel its time we let Meow and the team fully take over the business decisions of the platform, while rewarding the stakers with any unused tokens each quarter…