Great in depth explanation about the current vote. I personally believe, by Meow fronting his holdings for the growth and development of the ecosystem, it is also taken the risk away from the community. He has much too lose, so failing is not an option.
Jupiter has unmeasurable potential, and room to continue geowing.
The proposal has absolutely nothing to do with the JUP being allocated to the new team members. Nothing, zero, zilch, nada.
Please re-read with an emphasis on comprehension.
the “YES MEN” is becoming a topic of its own,
jajajaj
who would have thought…
bulling people for saying “NO” would backfire.
jajajajajaj
is the new social fascism, or was it old??
Thank you for the comprehensive notes! I have decided to Vote YES! Mainly also because how I’ve seen Jupiter team is helping Meow in this thread from misconception and misunderstanding! It proves that they are all in agreement.
I am a businessman who runs a company myself so I know just how big of a burden to dedicate 5 years - 10 years into a company without knowing the future, especially in cyrpto space where majority goes to zero in bear market. People need to understand that not many is willing to risk such a thing for less than 10% share.
If people think 500M Jupiter is crazy amount, it just shows just how capable Meow and Jupiter’s team in growing the company. How can we who just buy and hold, expect people who actually work to not to gain the wage that the team themselves think is reasonable, especially if it fuels him more, will be beneficial to everyone.
I vote Yes for the future of Jub
With Meow having 280 million tokens, I believe he has plenty of incentive to see this project succeed and honestly, If he can achieve a $5 token price he’s effectively a billionaire… why is that not enough? Why more? There appears to be a lack of alignment with seeing the project succeed. Also, could someone please explain to me where all of the trading fees from the Jup platform are going? It seems that the project is already creating a large amount of revenue and no one ever discusses where that goes…
MEOW, take what’s due to him in 2026 and stop being greedy, … if he wants more by 2030, then block it in governance like we all do. Vote “NOOOOO”.
Unfortunately most of our votes are pointless anyway. If Meow has a few of the large whales on his side, plus his team, he will get the vote his way. Then he and the other few whales will be the determiners of the DAO in the future, and it becomes a joke. I’m not stating that this is a given outcome, but it is more likely as time goes forward.
The average voter is probably better distributed but only the top 50-100 voters by JUP stake matter, and that number continues to shrink with compounded growth via ASR and Jupuary.
Also those who can put forward votes are limited and there are no parameters for measuring success. So a “future vote” to reduce or nullify the bonus, is a false concept.
I’ve been trying to bring this issue to the forefront for a while, but tbh I think this DAO will be controlled by a few JUP token holders and 90% of us are becoming irrelevant.
It’s over man. They have full control of the DAO.
Up to expectations is really not that transparent.
I am not sure where you are benchmarking compensation but that average package per employee is found almost no where in the world. Once a company gets this large you generally don’t join expecting rewards in% but instead in bps at best.
Honestly some people are pointing out this is not the main part of the post but this for me reinforces the idea that the top do not really have a good grasp on how to handle compensation for employees. The decision behind pay is made without much reason behind it and no transparency whatsoever; doesn’t really feel like a DAO but just a way to pass JUP around to the inner circle.
welcome home @mellamobradley . Best wishes