LFG let’s go to the moon again
Point of clarification: This is NOT an LFG launch.
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very well… done… a close stable orbit it is…
This is good but we need more information on complete tokenomics…. Since our token would be locked for 3 months
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What aspects of tokenomics would you like to know on top of what was mentioned here?
I would encourage you to post your question(s) in the Reddit AMA post:
Here’s the valuation at which Meow and Siong participated ($171m): https://x.com/weremeow/status/1924115068154986715
In my opinion $75m FDV for Jupiter DAO mitigates the risks in a way.
Please refer to this post by Meow: https://x.com/weremeow/status/1924115068154986715
https://x.com/weremeow/status/1924115068154986715 < the valuation is disclosed here
Swapping more consolidated tokens like JUP for pre-launch, with Lockup: 1 year? Are you crazy? This will put more selling pressure on the JUP token. JUP’s DÃO will receive worthless tokens in Beer Marketing in 2026, and we, the stakers, will have to buy this pre-sale? Before, we received them for free, you are trying to sink the community, the community is not innocent, be careful!!!
Hello Hamon! Quick facts:
- $250,000 worth of JUP is roughly 0.03% of Community’s JUP as of today.
- JUP stakers have an option to participate in the presale at a discounted FDV of $75m (more than 2x discount compared to Series A). They do not have to buy anything.
Hope this helps.
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Can I ask a dumb question please…
Is the 1% presale (which is allocated to JUP stakers based on their stake etc.) - is this something we have to pay for in order to get the allocation? Or is it just distributed to us for free, akin to the other launches on Jup where the tokens have been distributed as part of ASR?
If we do have to pay for it, it feels like the JUP DAO is taking all the risk.
This is not an LFG launch. The team is not launching the token and neither is the DAO.
It was provided in the original proposal if I understand correctly:
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1.The first thing that needs to be said here is that venture investments inherently come with high risks, but this is being presented to us under a completely different light. Yes, we are not being asked to personally risk our stablecoins in this vote, but the Jupiter DAO treasury is not unlimited either, and shouldn’t be thrown around carelessly.
2. The idea of making our treasury earn and grow is a good strategy in itself.However, I believe we’re putting the cart before the horse. This is not the right way to manage the DAO treasury. If we’re being offered a chance to participate in venture investments, such a possibility should have been decided in an initial vote. We need a clear understanding of the criteria and rules for future investments. Maybe that even means allocating a portion of the treasury specifically for such purposes, defining what percentage can be used, and what types of investments are acceptable. We would need a fund manager and analysts, and only after research-based proposals could we make informed decisions about these kinds of allocations. Judging by the scale of these investments, our treasury could likely be considered at least Tier 2. This project already had two investment rounds — a seed and a Series A. We are now being offered Series A pricing with a discount. Of course, the specifics are not disclosed — such details are not always public. I’m sure the Jupiter team is fully informed. And honestly, the very idea that we as a community could participate in an investment fund in the future is exciting.
3. I’m confident that the majority of members don’t have much knowledge of these types of investments, and many may have never participated at all. It would be a great start to offer comprehensive education on this — after all, we are here to grow and develop, right? There are plenty of top-tier companies in and beyond our industry that we could collectively invest in. And yes, this is about playing the long game.
4. I don’t know why I think this way — maybe because I’ve seen too many people get scammed in my life. But when someone tells me, “we’re not here for your money, we’re here for something more,” I tend to interpret that the opposite way — that money is actually the main goal. Perhaps I’m also influenced by the fact that several projects with “Finance” in their names are now the worst-performing tokens in my portfolio — even though they once made big, promising announcements.
5. Once again, about the voting process and who’s really making the decisions — I’m missing transparency here, and that’s a big issue for me.
6. Let’s say the fund buys a token allocation, and within the first three months, the token price drops significantly. What measures are in place to minimize that risk? Does the fund have mechanisms for this, or are there any available to us individually so that we can control our own risks?
7. The article mentions companies like Circle and Fireblocks. Circle, the issuer of USDC, is itself preparing for a TGE — a top-tier stablecoin project. This is a growing market. If we’re going to invest, let’s aim to do so in the most promising projects in the industry.
8. For now, I will abstain from voting, as I believe the fund’s operations need to be structured differently in order to engage in investments properly.
Hi MegaB1973! Not a dumb question at all! 1% of total supply is offered to JUP stakers for a special price based on $75M FDV (a 2x+ discount compared with Series A valuation of $171M). JUP stakers have an option to participate in the presale, but this is not mandatory. It is not quite correct to compare it with LFG launches of the past, since this is not an LFG launch - neither the team, nor the DAO will launch the token. The proposal is about forming an alliance between the two communities.
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Thanks pal, stupidly I scrolled up and saw your post right above mine as soon as I’d asked it!
I think it’s potentially an attractive proposition for JUP DAO to get their hands on a lot of HUMA tokens, on the basis this is a growing protocol with the potential to grow meaningfully - a bit like buying shares in a start up at the ground floor - but that all depends on it being a successful start up, I don’t profess to understand much about the protocol of what potential it has - but it is interesting for sure…
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Where did you read one year lock up from? And how did you get most of your info ?
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Hi Jekos! Thank you for your detailed and thoughtful comment. I’ll try to address some of the points to the best of my ability and from my personal point of view.
- I would like to make 2 clarifications:
- No stablecoins are used for the swap, it’s JUP for Huma Finance tokens
- The amount of JUP subject to swap is ±0.5% of the Jupiter DAO annual budget and less than 0.003% of total Community JUP. While I agree that no amount is low enough to risk it carelessly, I believe that it might make sense to experiment with the amounts of this size in order to:
- Add minor diversity to Jupiter DAO treasury
- Experiment with new ways of cooperating with other communities
This is purely subjective of course.
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I agree with most of point 2 in principle, but disagree with some of the specifics. In my opinion it makes sense to first test the concept out and, if proven viable, develop the required operational infrastructure.
As for the details of the latest investment round - Meow disclosed some of them today: https://x.com/weremeow/status/1924115068154986715 -
Agree 100%.
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Can’t comment on this, as it is pretty subjective.
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Could you please expand on your concerns here? The voting process is onchain and Jupiter DAO voters are the ones making the decisions.
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There is no fund entity as of now. If the vote passes and the swap occurs, Huma Tokens will be added to Jupiter DAO treasury. As for the risk minimization - what feasible mechanisms would you suggest?
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If this experiment ends up being a successful one - I think we might have more leverage for similar partnerships in the future.
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Once again, thank you!
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Love the idea but we should take in considerations that jup is a much bigger project and its Dao holders could be used to pump a launch that could crash. We need more information or an airdrop.
Well said!!. You worded my thoughts perfectly 