Jupiter’s Founder Responds to Backlash Over Airdrop
Jupiter’s pseudonymous founder, Meow, has addressed the criticism surrounding the massive JUP airdrop on Solana. Meow believes that many people lack understanding and only focus on buying and selling. Jupiter, a decentralized exchange aggregator on Solana, launched the biggest airdrop of 2024, distributing 1 billion JUP tokens worth over $700 million. Despite its success, there has been backlash claiming that the airdrop was an ICO in disguise due to a launch liquidity pool established by the team. Meow has been actively responding to these claims and clarifying that the tokens in the pool will be withdrawn back into the team’s treasury or used for other liquidity pools after seven days.
Meow Defends the Launch Pool Strategy
Meow argues that the launch liquidity pool benefits JUP holders and demonstrates the value of the token. If the pool’s tokens increase in value during the seven-day period, it is considered a fair outcome. However, for those who are unsatisfied with Jupiter’s approach, Meow acknowledges that they can sell their tokens at any time while the launch pool is active. He encourages critics to take advantage of this opportunity if they disagree with his explanation.
Hot Take: Meow Stands Firm Amidst Criticism
Despite facing backlash, Meow remains steadfast in defending Jupiter’s airdrop and launch pool strategy. He asserts that those who don’t understand or agree with it can choose to sell their tokens at any time. Meow believes that the launch liquidity pool benefits JUP holders and demonstrates its value. While controversy surrounds the airdrop, Jupiter continues to make waves in the crypto community.
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