Missed the Jupiter Planetary Call? This report summarizes key updates and announcements.
*JupNet Updates*
- JupNet, an omnichain network, is coming soon.
- Features include:
- Aggregating everything
- Decentralized oracles validating across chains (DOVE Network)
- Omnichain Ledger for fast cross-chain transactions
- Aggregated Decentralized Identity (ADI) for on-chain login
*Buyback Program*
- 50% Buyback Program starts Monday
- Buybacks will occur hourly using a DCA strategy
- Tokens purchased will be locked for 3 years
*Meow's 555 Plan*
- Proposal to use 280M $JUP to fund talent and development
- Goal is to reach $5 JUP by 2030
- Voting on this proposal goes live on Sunday
*Jupuary Sybil & Bot Appeals Process*
- Uses privacy-preserving zk-email proofs
- Appeals process opens next week
*Good Cat Allocation Update*
- 23,000 submissions received
- Shortlisted to 4,000-8,000
- Final results expected by end of March
*$100K Catstanbul Bounty Winners*
- Winners announced for most creative and impactful Jupiter content
*Introducing Ape.io Trenches Mode*
- New mode live on JUP.AG for apeing new coin launches instantly
*Active Staking Rewards (ASR) Claims*
- Claims now live
- Expect more clarity on ASR distributions moving forward
*Upcoming DAO Votes*
- Trial workgroups to permanent
- New workgroup proposals
- DAO Investments: Votes on potential investments
Based on Meow's 555 Plan, here's a calculation and conclusion:
*Calculation*
1. *Total $JUP allocated*: 280M
2. *Price target*: $5 JUP
3. *Lock-in period*: 3 years (until 2030)
*Conclusion*
Meow's 555 Plan aims to allocate 280M $JUP to fund talent and development, with a price target of $5 JUP by 2030. This plan has a lock-in period of 3 years, ensuring long-term commitment and stability.
If successful, this plan could potentially:
- Increase $JUP's value by targeting a price of $5
- Foster growth and development within the Jupiter ecosystem
- Encourage long-term engagement and commitment from stakeholders
Please note that this calculation and conclusion are based on the provided information and do not constitute investment advice.