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Popular Solana-based DEX aggregator Jupiter listens to its community: Airdrop proposal comes under review after a governance proposal failed to reach a 70% supermajority, which would have led to millions of dollars in tokens being distributed JUP to the users of its platforms in multiple waves.
In fact, recently the proposal written by Jupiter’s pseudonymous co-founder Meow was put up for voting, allowing token holders to determine whether Jupiter would launch up to $1.6 billion in JUP in two separate Airdrops.
The community rejects the Jupiter Airdrop: What will be the next step?
The proposal attracted significant interest, with over 364 million JUP tokens up for voting. However, it only received 58% of the votes in favor of disbursing the tokens to users. And 42% were dissatisfied with the proposed conditions, indicating a lack of consensus on the scale and structure of the Airdrop.
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About this fact, Meow wrote: «Jupiter’s first vote: Conclusion and next steps. Jupiter’s first vote concluded with 58% agreeing with the base plan and 42% dissatisfied. “JUP 364 million voted, with a staggering 12,000 votes verified, giving us a very good understanding of what needs to be addressed.”
Voting result Source: Jupiter
Together towards the future: Second vote and way forward
As a consequence, Meow announced that a second vote would be organized: “Because we are seeking a 70% supermajority, we will proceed with a second vote.” Particularly, the next vote will be held on December 2 or 3.
Indeed, underscoring the importance of addressing concerns raised by dissident voters, he stated: “While this uncertainty is definitely exhausting, it is also crucial to remember that if we unite behind a plan, we will emerge much stronger.”
First Jupuary Vote: Conclusion & Next Steps
The first Jupuary vote has concluded with 58% comfortable with the baseline plan, 42% uncomfortable.
364M JUP voted, with an astonishing 12K verified voting feedback, many long and detailed – giving us an extremely good understanding…
— meow (@weremeow) November 29, 2024
According to Meow, the plan for the next few days will be as follows:
In closing, Meow stressed: «According to the comments, there really isn’t much division: we are an incredibly long-term oriented community that wants the best for Jupiter, we just need to get there together. “The upcoming vote is a crucial test for both me and the community, and I have every confidence that we will get it done.”
I say goodbye with this quote from Eric Schmidt: «The ability to create something that cannot be duplicated in the digital world has enormous value. “A lot of people will build businesses out of that.”
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