The co-founder of Jupiter is committed to keeping almost all personal assets in JUP, but admits to having made mistakes in managing the Token supply. Strengthening the product remains the top priority, while continuing to communicate with the community and DAO.
Meow, co-founder of Jupiter, stated that personal and inherited capital are locked until 2030, along with efforts to ensure responsibility such as lock-up and burn Token. However, attention is focused on the 200,000 JUP that have not been distributed, putting significant pressure on the project.
MAIN CONTENT
99.99% of Meow's personal assets are invested in JUP Token and locked until 2030.
The project has conducted lock-up and burn activities to build trust with the community.
Current concerns focus on the 200,000 JUP that have not been distributed, affecting the project's reputation.
How does the founder of Jupiter manage personal assets in the project?
Meow shares that 99.99% of personal assets and life achievements are focused on JUP Token, with a condition that cannot be liquidated until 2030. This is a commitment that demonstrates a deep connection and trust in the project.
Choosing to lock personal assets for a long time not only helps maintain sustainability but also affirms the founder's responsibility to the investment community. Strict lock-up activities ensure that Token issuance decisions are transparent and tightly controlled.
What specific mistakes have been made in managing the JUP Token supply?
According to Meow, during the effort to reassure the community and maintain satisfaction, the project has carried out many lock-up and burn activities. However, the results received were not as expected as user attention is focused on the 200,000 JUP that have not been distributed.
This mistake greatly affects the project's image, causing doubts and loss of trust from the community. This indicates the need for a clearer communication and Token management strategy in the future to avoid misunderstandings or unnecessary anxiety.
The efforts to build trust through lock-up and burn programs have been very serious, but the reality shows that the community pays more attention to the undistributed JUP, which challenges the trust in the project.
Meow, co-founder of Jupiter, August 2023
What will Jupiter do next to strengthen the project?
Meow emphasizes that in the coming months, the development team's focus will be on perfecting and strengthening the product, while continuing close discussions with the DAO and community. This aims to create transparency and ensure that subsequent development steps are based on solid grounds.
The exchange process also helps the project receive practical feedback from users and investors, thereby adjusting strategies to enhance operational efficiency and expand value. The promise does not guarantee specifics, but focuses on substantial development, demonstrating the team's sincere attitude.
What role do the community and DAO play in the development plan?
Feedback from the DAO and community is an essential factor in the development of Jupiter. The project will actively engage, seek opinions to improve the product as well as decide on the next strategic steps.
Through this consensus and transparency, Jupiter aims to build a sustainable governance platform while enhancing trust within the community. This also helps mitigate risks caused by unclear information or differing opinions.
Frequently Asked Questions
Can the founder of Jupiter sell Tokens before 2030?
No, 99.99% of Meow and the founders' assets are locked and cannot be liquidated until 2030, demonstrating a long-term commitment to the project.
What are the reasons for the community's concerns about the 200,000 JUP that have not been distributed?
This is a source of Tokens that is unclear about the timing and method of distribution, raising doubts about transparency and its impact on Token prices in the market.
How do lock-up and burn activities affect Jupiter?
Lock-up and burn help increase responsibility and limit coin liquidity, but if not implemented properly, it may cause loss of trust within the community.
What will Jupiter do to increase investor confidence?
The project focuses on product strengthening and continuous dialogue with the DAO and community to ensure transparency in all activities and improve development strategies.
What is the role of the DAO in governing Jupiter?
The DAO serves as a channel for discussion and consensus on major decisions, helping the project operate transparently and ensuring investor rights.
Source: https://tintucbitcoin.com/jupiter-jup-giai-thich-ve-token-khoa/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
