New Key Changes for Jupiter and its Ecosystem:
- Meow, the founder of Jupiter, announces the reduction of the $JUP supply to 1.35 billion tokens.
- This strategy aims to strengthen the value and usage of $JUP within the Jupiter ecosystem.
- Jupiter has also announced the implementation of strict conditions regarding fund releases.
A Reduction in the Maximum $JUP Supply
Meow, the visionary behind Jupiter, has recently released two reports regarding the advancements and future changes of the Jupiter ecosystem.
Among the major changes, there is the reduction of the total $JUP supply, the native token of the ecosystem, which will decrease from 1.7 to 1.35 billion. This strategic decision aims not only to increase the scarcity and potentially the value of $JUP but also to align the interests of the ecosystem with those of its users and participants.
Here is the new token allocation:
- 1 billion for airdrops
- 250 million for the launchpool (instead of 500M)
- 50 million for loans to CEX market makers
- 50 million for any immediate LP needs
The reduction in $JUP supply reflects Jupiter’s team commitment to the sustainability and long-term growth of the platform. By adjusting the supply, Jupiter seeks to balance the distribution of tokens while strengthening the governance mechanisms within its ecosystem.
This initiative is a step forward towards achieving a fully functional decentralized economy, where $JUP plays a central role as a currency.
New Conditions for Fund Releases
Meow’s announcement also highlights Jupiter’s commitment to maintaining full transparency with its community, including the implementation of strict conditions for the release of tokens from cold wallets. The project states that any future distribution of funds from the cold wallet, especially to key investors, will be announced “at least 6 months in advance. They also mention a protection mechanism where cosigners have the right to block transactions deemed contrary to the interests of the community.
In this way, it ensures that funds are used responsibly and aligned with the long-term goals of the ecosystem.
As Jupiter states in its release: “To date, we have not raised any funds or sold JUP over-the-counter, which means our roadmap remains unchanged.“
Jupiter’s Vision for the Next 10 Years
Meow expects Jupiter to “exist for decades“, and acknowledges the importance of token distributions (airdrops) to maintain community engagement. However, he believes that this can distract the team’s focus and influence how the community interacts with the product.
To balance these aspects, Jupiter has planned a significant annual token distribution that will be announced every July 31st, with a deadline of November 2nd of the same year, with “3 months dedicated to community engagement”.
The remaining nine months will be dedicated to product and platform growth. Eventually, a transition to an inflationary token is envisioned, once all tokens are distributed and the DAO is sufficiently established.
