Morning all,
I am super depressed having woken up this morning and checked twitter to the rubbish being spouted by @siong and apparently has @meow backing if you believe what’s on twitter.
I can only conclude the team at Jup must be morons. There doesn’t seem to be an ounce of economic nouse among any of them, and now everyone on twitter sees it all. Do you have any idea what the token would have done (or would do in a bear market) without that $70m of buy pressure? You are going to nuke your own token if you carry on with this mad talk.
You think you can use the $70m better by basically giving it away as incentives??? I have said it before on this forum multiple times, if you build the best product (which Jup has done), people will use it anyway, you don’t need to pay them to use it. Do you think Apple ever had to discount it’s products to get people to buy them? If you take this money and give it to other users not stakers it will be a huge FU to people like me who staked our airdrops and have bought more on the way down as we believed in the product and mission. It is so depressing even having to write out what should be so obvious to you all.
Moreover, I have some questions about the operation of the DAO, saying one thing and doing another.
- Where is the second vote to decide what we’re doing with the litterbox? We had the first vote and were told we would have a second to decide what we should do going forwards, and now you have independently decided to start thinking about ending the buyback?
- Where are the carrots from the Jan 2025 airdrop?
- There are 300m of carrots put aside for other incentives from the Jan 2026 airdrop…
- How many more incentives do you guys need? How much of JUPs value are you just planning to give away exactly at the expense of your most loyal and supportive users?
You guys are actually insane, and I am OUT.