Unpopular Jupuary Proposal - Let’s Cancel It

Implementation of an auto-staking feature for the upcoming Jupuary Airdrop presents a strategic advantage by mitigating the immediate sell-off that often plagues airdrops due to professional Airdrop farmers. This approach not will not only stabilize the $JUP token’s value, but also fosters a more sustainable ecosystem all together. Additionally, it is crucial to consider the implementation of a Sybil tracker and smacker. This would help ensure that token allocations are directed towards genuine supporters of the JUP ecosystem, rather than allowing this second drop to be disproportionately awarded to opportunistic farmers like so many are. By prioritizing authentic engagement, we can cultivate a more robust and committed community.Thats my view on it! :pray:

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The impact of token unlocks is often already factored into the price, similar to how it plays out with other tokens. While there might be a brief dip when the unlock occurs, it’s typically followed by a recovery, potentially leading to higher prices.

When investing in any token, you should consider upcoming unlocks and the Fully Diluted Valuation (FDV), as that represents the true market cap you should base your analysis on.

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Actually this is a really based take

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One of the most basedd takes. PPP cannot be forced and we cannot make informed decisions as voters without full transparency as to what happens in either case; for and against.

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To avoid farming, take the snapshot before announcing the details of next Jupuary.

I’m disappointed at all the catdets who don’t like the idea of gifting ‘free’ Jup to users of Jupiter. Remember, none of us started as catdets. For many, we just used Jupiter as a platform, and then became gradually more exposed to the community and become true believers in the mission. Jupuary helps with this, on-boarding the next wave of catdets who will help Jupiter grow further. Don’t gatekeep, and don’t let PPP just be a slogan - let it become a core pillar of catdet way of life.

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So according to you, if investors don’t want to take a hit on their own holdings, just to give free JUP to farmers, they would disappoint you.

JUP stakers could either choose to not disappoint you, or lookout for their finances to possibly provide a better life for their kids.

Regarding PPP, it only works when things are aligned, however, it seems you have chosen to use the term just to justify your argument without fully understanding how PPP should work. Killing your kids future to give free JUP to farmers is definitely Not It.

Let me ask you something respectfully, since it doesn’t make much sense; Are you a JUP investor?

I hold plenty of Jup (through airdrop and spot trading) and have voted in every governance proposal. I am a long term investor, and not concerned about instances of negative price action in the next 6 months.

I think one of Jupiter’s biggest assets is its community. Jupuary is a way to reward and expand the community.

If, as you say, all Jupuary recipients are farmers who will immediately dump Jup, causing negative price action, you can use that as an opportunity to add to your Jup bags at a discount.

In the long run, I am confident that Jupiter’s superior community and products will continue to drive demand for Jup, Jup will find its way into the hands of diamond-handed investors, and we will all eat well in the coming bull run, securing our children’s futures.

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bro stop spamming, you won’t get anything more out of here

ps. if there will be a cancel, not this upcoming jan, too close

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What are you even talking about?

And if it will be canceled or not it’s not your own decision Spongky, there will be a community vote

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Actually this is a really based take

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Jupuary is important to reach more users and to reward existing ones. Even though there is a possibility of token price volatility it is happening for long term benefits. If there wasn’t jupuary in the first place then there wouldn’t be that much active Jupiter Universe today

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Doesn’t this just make the airdrop date selloff occur 30 days after official airdrop date?

Remember Meow has stated that Jupuary Airdrop is a gift and not compensation for work. It’s for regular users and new users with the #1 goal being: Get $JUP into the hands of as many potential community members as possible.

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Possibly, but it will be spread out more.

Lets say 30% decide to sell and start unstaking day 1. Thats okay bc overall trend will be up.

I also think a buggered ASR period for Jan-march will incentivise people to keep staking. i.e. 100m ASR rewards instead of 50? Food for thought @meow .

Thanks @SOLseeker for you message homie :star_struck: :fire:

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I wouldn’t change anything for this next jupuary, but I would change to the 2026 Jupuary, switch to ASR reward, we would have at least 2 more years of incentivized staking, less selling pressure and greater demand for the token.

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If you actually believe next jupnuary could cause sell off that means you doesn’t believe in PPP Experiment mindset.

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61 yr old boomer here. Fairly new to crypto. Interested for years but invested only the last few. I missed jupuary but the buzz around it got me interested in learning about jup. Introduced me to Phantom wallet and I learned how to move my crypto from Coinbase to Phantom so I could get Jup. So I do agree that the airdrop should be staked for a period like the ASR. This would accomplish new users and ultimately reward catdets as the ecosystem grows.@meow maybe think about hiring some older ambassadors to introduce Jup and crypto to older folks like me. Still young at heart and crypto is the future of the global monetary system without a doubt.

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Im similar to yourself, ive been crypto a good few years now though but again the jupuary got me interested in solana in the first place. It’s how i heard about jupiter. I moved over from cardano because of it. Stake it

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Great write-up! I like the fact that you “took the other side” of this discussion. You brought up some great points, especially the “No Cats Left Behind” section. Only reason I disagree with you is because I think it’s slightly too early to cancel future Jupuary’s. SOL and Jupiter are still in its infancy and we need to drive platform usage to continue Jupiter’s mission. Incentives such as Jupuary, which then leads to staking and DAO participation, are a critical part in this adoption.

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Jupiter without Jupuary is like Christianity without Christmas … like something is missing

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As a lot of people have already said. Cancelling Jupuary simply because it will negatively impact price in the short term is too near sighted. Honestly also feels like people dont believe in the longevity of the project.

Giving my situation as an example for context, I started using Jupiter in Nov 2023 without knowing about ASR, Jupuary or any possibility of ‘free JUP’. I simply used the DEX because it was clean, easy to use and cheap. When I learned about Jupuary 2024 I was excited but I was too late to be eligible. But, I bought JUP during the TGE and have been an active member of the DAO and I use Jupiter DEX regularly for my Solana meme trading and Sol investments.

If Jupuary is cancelled because some earlier adopters feel it would impact their JUP bags in the short term, I would feel betrayed and kind of goes against the commitment from JUP were they announced continued Jupuary for the next 3 years.

I understand the concerns that some people would simply farm the airdrop. But you should also consider significant number of people like me who would feel hard done by the sudden cancellation. It would also be a missed chance to entice new users who’ve been using Jupiter products over the last year or so.

I am not an active member just for the airdrop nor would I leave if the Jupuary is cancelled. But it would definitely feel like Jupiter is not honoring its commitment. I also understand that the community would vote on it and that is fair.

Also as people have pointed out, if a vote does come to the floor. Voters should have full transparent details of what criteria would be used for airdrop and how it would be distributed.

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