Jup

Jupiter founder Meow announced three long-term strategies: auditing, trust fund, and 2030 incentive plan

ChainCatcher news, Jup iter founder Meow published a long article outlining the future development plan and long-term strategy for the JUP token. Meow proposed the "GOAT framework" (Governance, Transparency, Organic, Collaboration) as the core and announced three key initiatives:First, an independent auditing agency will be commissioned to conduct a comprehensive audit of the founders, treasury, and tokens, with all results to be publicly disclosed on the new official website jup.com to enhance transparency. Second, the establishment of the "Litterbox Trust Fund," committing to inject 50% of the protocol's revenue into this fund over the next two years for strategic accumulation of JUP. Finally, Meow proposed the 2030 Incentive Plan, voluntarily using 280 million JUP held personally for new team incentives, and promised not to claim any tokens before 2030, with the final eligibility for a 500 million JUP reward entirely dependent on community voting results regarding his performance.Jup iter also disclosed three major business pillars: the aggregation trading platform Jup.ag, the community ecosystem Jup iverse, and the cross-chain network Jup net, emphasizing that the token mechanism will bind the long-term interests of ecosystem participants. Meow stated that these series of initiatives aim to demonstrate the team's determination to advance together with the community, breaking the inertia of short-term profit-seeking in the crypto industry, and fully committed to building "the future value network belonging to Jup iverse." Currently, the relevant proposals have been submitted for DAO discussion, and final implementation requires community voting approval.

Jupiter: Did not participate in the issuance of LIBRA in any form

ChainCatcher message, Jupiter responds to the LIBRA controversy: "Several members of the Jupiter team learned directly from Kelsier Ventures that about two weeks ago, there would be a token project related to Argentine President Javier Milei. Initially, we were not sure about its authenticity, but then we saw credible evidence from a public tweet on Milei's personal account, proving that he is serious." This is all the information that Jupiter knows.We are completely unaware of any transactions between Milei himself and the market makers, and we have not participated in any form. In the memecoin circle, rumors about a certain "Argentine coin" being issued have long been an open secret, and many related tweets have been made public. However, due to our commitment to confidentiality, Jupiter has not discussed this matter in any online or offline occasions. Additionally, members of the Jupiter team have not received any LIBRA tokens or related rewards.The product developers of the Jupiter team were not aware of the issuance date, time, or contract address (CA) of LIBRA in advance. Only Meow learned about the upcoming launch on the day of issuance, but he did not know the contract address or the specific time, and he was not involved. At that time, he was in Tokyo and even missed the issuance time.Ben from Meteora learned the contract address a few minutes before the issuance, but only for verification purposes, and he did not share it with the Jupiter team until after the information was made public. Jupiter did not verify the contract address in advance or immediately, contrary to the large amount of FUD (fear, uncertainty, and doubt) on Twitter.

Jupiter Co-founder: Expected to provide a Jupnet technology preview and detailed technical overview in early April

ChainCatcher news, Jupiter co-founder Meow posted on the X platform stating that Jupnet is a full-chain network under construction, aimed at achieving the goal of "aggregating everything." Jupiter needs infrastructure to connect billions of people and trillions of tokens, therefore it requires:A single source of truth across chains;A full-chain ledger;A fully on-chain identity system.Blockchain has solved the problem of a single source of truth within a blockchain, but has not addressed the issue of a single source of truth across chains. Therefore, a completely new architecture is needed to achieve a single source of truth across chains, which is why DOVE is proposed: a decentralized verification and execution oracle. By utilizing the mentioned decentralized single source of truth, it will be able to host a decentralized full-chain ledger, including achieving dynamic finality, by addressing the speed/finality trade-off through value consideration.Finally, a fully on-chain identity system will be able to support all traditional authentication methods, including social logins and keys, as well as the ability to generate recovery keys when users need them. There are still many technical issues and important design challenges to overcome.We expect to provide a technical preview and detailed technical overview in early April.
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