Discussion About Meow's 2030 Proposal

Jupiter DAO $JUP
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Great Discussion thus far lads and ladettes.

I am conflicted about this proposal and I want to preface my opinion with a disclaimer that I am not an expert nor an economics student.

That being said, I think it’s a very interesting vote this one. I am grateful we even get a vote at all.

What we cannot control, is which companies Jupiter chooses to acquire and which devs they choose to hire and how much they choose to pay them. That is unfortunately / perhaps rightfully so, their perogative.

We do however get to decide if we use 280 mil JUP to pay, what I would imagine is completely game changing talent now, or choose to refund meow 280 mil for loaning us the money, + an additional 220mil JUP for the service/APR on the loan if we look at it that way, in the future…

I appreciate his confidence and conviction deeply. It almost has me wanting to vote in favor… However the numbers just want some more attention.

If we choose option 2, that loan for 5 years, would have an APR / interest rate to Meow of 17.6% give or take. (220,000,000/250,000,000= 0.88, 0.88/5years = 0.176.

I think this interest rate is very high considering the context and the Jupiverse vibes we’re trying to make here. If we are like a community, a village, a family, I think an APR closer to 10-12% like a margin loan from a brokerage is much more reasonable and should be the maximum. Mortgages are like 4-7% for context depending on where we live.

If we chose Option 1, it would take the Litterbox roughly 32 weeks to aquire this 280,000,000 JUP at the current rate of 8.719mil JUP per week. Just for context, I realize they are slightly separate entities. Which when you put it this way is way less risky in my opinion. Needing to put together 220,000,000 + 280,000,000 AFTER potential price appreciation this Bull market is daunting. We could have a bear market in the middle, but what if Jupiter is actually valued highly from here on out… No matter the market conditions. If Crypto is adopted mainstream we may never see $1 JUP again. Just like how Uniswap hasn’t gone below its launch price ever. Bull Market or Bear Market. Sooo the JUP is cheapest right now. and I think Meow knows that. and so he’s essentially leverage lending his JUP to tell the community he believes. and while I appreciate that. We already know that, and perhaps it would be the most economical for us to simply pay the talent ‘out of pocket’ and let the games begin! Please correct my math if you something doesn’t add up, and I am not trying to convince anyone of anything just pointing out the other side I suppose.

J4J
Either way she goes, JUP is Home

What do y’all think!? Sorry so long, had a lot on my mind.

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I agree with you on the APR being too high - but taking this a step further, I don’f even really see the utility of there being a loan in the first place. Those 280M tokens are going to be given to employees (side not, that’s a CRAZY amount of incentive for 65 new employees, averages to 1.4M JUP/year/employee) and regardless of where they come from, if there is no vesting, they will hit market.

As I mentioned above, the only way we can consider Meow’s loan to make this expenditure “net neutral” in emissions is if we consider Meow’s personal allocation to currently (or at the time of loan) be “on market”. That would go against the very ethos he’s arguing for so frankly it all feels like a moot point to me.

All in all, paying 220M to Meow to delay the release of 280M by 5 years seems like a waste of community funds - if we want to talk bonuses contingent on performance I’m game, but this proposal is kinda nonsense in my opinion.

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I didn’t understand if the 280m JUP where for acquisitions + forthcoming salaries or just forthcoming salaries. If it’s the latter it feels too much imo.

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Shouldn’t we rather vote on the amount allocated and a vesting schedule / mechanism?

— 1/ 280 000 000 JUP for 65 persons feels too much:

280 000 000 / 65 = 4 307 692 JUP (= 1 435 897 JUP every year)

At current’s valuation: (0.66$)
4 307 692 JUP = 2 843 076$ each

At ATH’s valuation: (1.85$)
4 307 692 JUP = 7 969 230 $ each

At Meow’s long term valuation: (5$)
4 307 692 JUP = 21 538 460 $ each

→ Proposal: bringing it down to 97 500 000 (or around 100 000 000 JUP)

97 500 000 / 65 = 1 500 000 JUP (= 500 000 JUP every year)

At current’s valuation: (0.66$)
1 500 000 JUP = 990 000 $ each

At ATH’s valuation: (1.85$)
1 500 000 JUP = 2 775 000 $ each

At Meow’s long term valuation: (5$)
1 500 000 JUP = 7 500 000 $ each

— 2/ Receiving staked JUP with linear vesting mechanism:

→ Proposal: new team members could earn salary from ASRs without using their allocated JUP.

Year 1: team members get 500 000 staked JUP with linear vesting of 1 year (if they choose to unlock some), with possibility to get lot of ASRs rewards from it 4 times a year with unlocks of 30 days like everyone.

Year 2: + 500 000 staked JUP, with the same mechanism as above.

Year 3: + 500 000 staked JUP, with the same mechanism as above.

(as seems from last year, 1 staked JUP provided roughly +1 JUP from ASRs and Jupuary so they can basically double their salary)

That’s my 2 cents on the topic with the informations I had by listening to the various JUP’s rally, planetary calls, etc but I might be missing some infos or some might get explained later I guess.

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I think you are falling into trap discussing should we dump 200M on our heads from window number 1 or should 200M Piano fall on our heads from window 2. I would rather we stop showering people with obscene amount of $JUP. I don´t care they are part of Working Groups, or Devs or whatever, we are creating a cult where inner circle are FAT cats, that are getting obese from amount of Jup they are getting fed, and we are beggars that are waiting 7% ASR every 3 months.

Obesity is rampant, and price shows it.

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280M is way too much with unproven value. How much are the new products/platform contributing to the total revenue? We don’t have a clear picture.

These 65 individuals getting paid ridiculous amount of JUP that are ready to flush on holders and stakers at any time. Should mention that there’s only 585M staked at the time of writing so its merely double.

JUP price reflects it all, it has been heavy since the announcement because market knows this huge amount is not justified with the contributions or impacts we’ve seen so far.

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Idk I understand over 3 year 280m is a sweet carrot to dangle in front of coming fourth tm’s

My concern is about the bonus

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There is so much sense in this approach. It’s worth considering!

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hi @lochie2001 … sorry with my concerns,

Is it really necessary to hire 65 people and pay them in Jupiter tokens? I think we need to know their roles and responsibilities to justify this investment. This information could be helpful… especial for the Jupiverse leaders, at the time to make better decisions when voting.
Transparency is important, especially for minority investors like us. We are the foundation of the project, and our contributions, big or small, are crucial. Our benefits are not guaranteed, and we rely on the management of the primary partners. The bonus could be more clear with more information …hope this could be more decentralize than we believe… i don’t know to much …my votes depends in your guidance… thanks again // …still positive with my Jupiverse home.

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A lot of these 65 team members could get more money elsewhere so the 280 m is probs a sufficient web 3 salary for 3 years

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I think it is. The amount is massive.

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He could also sell so much that he no longer deaires to work and lets the project stagnate. Do any of you remember what happened with the EOS project?

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On what planet are people making 70000 USD A MONTH

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Also do you understand if you give developers 280M If they do not sell that’s half of stake that is now, they can vote anything in if boss tells them

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It’s not necessarily paying them for 3 years. It could be a 10 year, 20 year contract. The 3 month is the inabordknf period

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EOS and you can name more and more projects that are good players- in a bad way - with not good intentions. I’m really sick with all this “ghost whales”

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