The Jupiter DAO stands apart in the cryptoverse for its transparency, community-driven approach, and commitment to a shared vision. This ethos was evident in the success of the first Jupuary and continues to guide the decisions surrounding the second. After careful consideration, I voted YES for the first proposal and will be voting YES for the second—here’s why.
A Solid Foundation Built on Transparency and Vision
The first Jupuary achieved its goals, creating a robust foundation for the vibrant DAO we see today. Many who were gifted tokens in the first Jupuary joined to shape Jupiter’s future, while others, like myself, bought in because of the team’s clear vision and leadership. Together, this collective has harnessed diverse talents, building a stronger Jupiter ecosystem.
From the start, the team made it clear that there would be three more Jupuaries following the first. While they didn’t promise specifics on distribution or criteria, they were transparent about the plan. Any diligent participant (DYOR) would have understood the potential implications of this, and the team’s commitment to transparency has been unwavering.
Proactive Measures on Tokenomics
To address community concerns about token supply, the team implemented a 30% token burn, reducing the total supply from 10 billion to 7 billion. This was achieved through a 50/50 token-sharing plan, with equal contributions from the team and community. Moreover, the remaining Jupuaries were reduced from three to two, and their token allocations were adjusted accordingly from 1 billion to 700 million each.
This decision—reached through consultation and community voting—showcased the team’s responsiveness and their commitment to balancing sustainability with growth.
Unprecedented Community Engagement
Unlike most crypto projects, where decisions on token distribution are often made unilaterally, Jupiter’s leadership has consistently engaged the community. Instead of selling tokens to VCs or using them for selective gain, they have involved us, the DAO, in shaping how the second Jupuary should proceed. This inclusive approach is rare in the industry and deserves recognition.
The team presented initial ideas, gathered community feedback, and refined their proposal. The first vote, while achieving 58% approval, didn’t meet the 70% threshold required to pass. This higher threshold underscores the team’s desire for strong consensus on pivotal decisions.
Commitment to Refinement and Balance
In response to the first vote, the team solicited feedback and received 12,000 verified feedback and is actively reviewing input from the DAO, X, Discord, and other platforms. They are now working on a revised proposal that seeks to balance diverse perspectives and address potential concerns.
This iterative process demonstrates the team’s dedication to fostering a cohesive, aligned community. They are not simply seeking approval; they are striving to ensure that decisions reflect the collective will of the DAO.
Why I’m Voting YES
Given the team’s track record of overdelivering on their promises, their proactive approach to addressing concerns, and their commitment to transparency and inclusivity, I am confident that they will continue to steer Jupiter in the right direction. The challenges surrounding Jupuary decisions highlight the complexities of leading a DAO, yet the team has shown resilience, empathy, and unwavering focus.
By voting YES, I am endorsing their efforts to build a stronger, more united Jupiter ecosystem. I trust their ability to incorporate feedback, refine proposals, and achieve a balanced outcome that benefits the entire community.
Finally, Jupiter is more than a project—it’s a movement defined by innovation, integrity, and a shared vision. The team’s willingness to engage with the community, even in the face of criticism, sets them apart. I believe in their ability to navigate this process and bring the second Jupuary to fruition in a way that strengthens both the DAO and the ecosystem. This is why I’m voting YES.
