I'm now eligible to win a Whitelist spot for the upcoming mint of The Beacon's Writ of Passage! You have until Wednesday 26th to participate! https://t.co/f6iu9R1Z6n
No time for an essay, so here’s the quick and dirty draft of the J4J plans:
1. JUP Proposal
- Propose 30% reduction in JUP total supply
- Team will voluntarily cut 30% from their assigned allocation
- Corresponding 30% reduction in Jupuary emissions
- Possible because we don’t have direct investors in JUP
- This will cut the fat off the FDV, activate the community to really understand JUP tokenomics, as well as address concerns around high levels of emissions and motivate everyone towards growing the meta together
2. J4J Experiment
- Success of the first jupuary, ASR (funded by the LFG fee) and first 2 work groups have created one of the most valuable defi protocols, the most active DAO in crypto, and one of the most engaged communities in web3
- I would like to secure the community buy in for 2 more seasons of jupuary and ASR. I think the completion of these will give us sufficient time to really establish a much wider audience, engaged community and proven DAO to execute on our long term plans (see below)
- If the community refuses to endorse this, we will have to pause Jupuaries and future ASR. This will not affect the product since airdrops had never been used as incentives for using the product. The product is the marketing for the community, not the other way round.
- Since we do not have any direct investors for Jupiter, the heart of J4J centers arounds the idea that the best way for the Jupiverse is to get JUP in the paws of individuals most likely to be part of Jupiter long term
3. Community Eats First (CEF)
- CEF is our team commitment to stand behind our plans and make sure the community eats first
- Team will be staking 100% of the 1st year cliff for 2 more years to ensure no supply shock
- Me and Siong (and many others in the team) are committing to locking all tokens vested till June 2026, well beyond the 2 jupuaries.
- Zero promises, zero expectations, just 100% alignment and commitment
- Chefs eat last!
4. Long Term Goal:
- Jupiter’s goal is exceeding simple - help establish the grand unified market (GUM), build the everything exchange for everyone in the world, and build the underlying liquidity infrastructure for all the key financial use cases in the world
- We are currently very far away from these, and we will need an amazing community, team and ecosystem to be able to pull this off.
- Every single proposal and commitment listed above is ultimately, to optimize the chances of us getting there.
This is of course a draft, full proposal will come up before the actual DAO votes.
J4J,
🐱
Notes:
- For past context on JUP, refer to the kickoff tweet below. The core ideas have not changed a single bit
- A series of GUM essays will be coming soon to clarify what exactly we think the future of crypto and finance is, and the key role Jupiter wants to play in it
I've joined 15,000+ other farmers to grow $CHERRY on @cherryonblast, the first SocialFi on @Blast_L2.
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🚀 100k milestone on Discord!
Our community is growing stronger every day, hitting new benchmarks and breaking barriers.
Shoutout to our vibrant KIP community - we appreciate you! ✨ Together, we'll make #decentralizedAI a reality.
Chat.
Should protocols trademark Core Concepts? 🤔™️
For KIP ➡️ "dRAG" (decentralized retrieval-augmented generation)💡
"dRAG" was conceived during our participation in the Chainlink hackathon last year, where we won https://t.co/rIWkEPN8T9
Details: https://t.co/4QAFFN2lMx
Chat.
Should protocols trademark Core Concepts? 🤔™️
For KIP ➡️ "dRAG" (decentralized retrieval-augmented generation)💡
"dRAG" was conceived during our participation in the Chainlink hackathon last year, where we won https://t.co/rIWkEPN8T9
Details: https://t.co/4QAFFN2lMx
🚨 KIP The Uprising is live! https://t.co/2Dk93q5Y5I
Complete quests, collect boosters, and stack points on your way to the top ✊🔥
Join us for a thrilling journey leading up to $KIP token launch.
Find out more 🧵👇
Launching in less than 24 hours, @monprotocol is building the "Nintendo of Web3."
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Introducing MON Protocol Partner - CounterFire
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More about Counter Fire here: https://t.co/kEFUhNjHXw
Introducing MON Protocol Partner - Dark Machine
Dark Machine (@DarkMachineGame) is a 7v7 mech-based third-person shooter supported by industry leaders such as @TencentGames, @Immutable, and @SuiNetwork, securing $8.7M in funding.
This cross-media gaming IP is being simul-developed under the leadership of Goro Taniguchi (One Piece Film: Red, Code Geass) and Hidetaka Tenjin (Macross, Gundam). It's set to elevate the gaming landscape through its decentralized approach.
More about Dark Machine here: @DarkMachineGame