The main problem of the $JUP token is that it’s continuously going down. Very hard to attract new people to buy this chart, despite everyone in the space understands jupiter ecosystem is best of all time of all blockchains.
First problem, people can’t just hold tokens without locking their liquidity. If they do they are way behind of those who locked and will dump some ASR on heads of just holders. Nobody can hold inflationary token without rewards. And very small part of blockchain users are ready to lock their liquidity even for a week, because opportunities sometimes come up unexpectedly on this market and not much people ready to have less liquidity for it or completely miss some. People want to be able to insta sell if they need liquidity urgently and buy back later.
One more problem is jupuary airdrop which will be dumped on heads of real believers by random solana users who just get dollars for nothing. Where these dollars come from? From pockets of those who holds, because it dilutes their holdings. Not very attractive model to be in, is it?
So from my point of view the solution is to just start this reversal by fixing following issues. When the token starts continuously growing up, it will be the most attractive of the space. Ecosystem supporters will be grown not by distributing free money by airdrops, but organically from attractiveness to be in and share team success.
The suggestion is to completely remove the unlocking period and stop increasing circulating supply by ASR and jupuary. We tried, we see results, token is getting less and less attractive to buy or hold unfortunately, and I think the sentiment can easily be changed.
Greatly appreciated that you spent time reading this, just use jupiter <3