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| Misconceptions |
Meow and Kash Addressed Many Misconceptions on today jup rally,we’ve packed it together and will be addressing it back to you:
🔘 Misconceptions among communities,based on the team selling jup for salaries.
The Truth Behinds It = All salaries are paid in USDC from the treasury and the jup allocations for team members are cliffed and vested over 3-5years.
🔘 Misconceptions among communities,based on Meow Vote 2030 Lock-in.
The Truth Behinds It = Meow’s 2030 Lock-in was voted on by the DAO,and can be voted anytime before 2030. No funds from the community reserves will be moved without a DAO Vote.
🔘 Misconceptions among communities,based on Team are making the community vote on $5k artist salaries,and spending much more on acquisitions without getting the DAO’s approval.
The Truth Behinds It = The team has the authority to use the team funds and make key decisions (like hiring,partnership etc)
🔘 Misconceptions among communities,based on Jupiter cannot sustain itself as a business without issuing new tokens.
The Truth Behinds it = Jupiter have never issued new tokens for sustaining as a business Infact,they burnt 3billion jup tokens at Catstanbul.
🔘 Misconceptions among communities,based on the team and work groups are max extracting from the community.
The Truth Behinds It = Workgroups represent the community and do a ton of work in-terms of adding value to the community. Team has shown time and time again that they prioritize long term building over extraction. Locking their cliff,burning tokens, 50% to litterbox, and much more.
🔘 Misconceptions among communities,based on staking is a a sham and the 30D unstaking period is detrimental.
The Truth Behinds It = The goal for staking is to ensure that only those who have some degree of long-term alignment are participating in governance.
🔘 Misconceptions among communities,based on the team is only focused on pumping their own bags.
The Truth Behinds It = Team is fully focused on shipping TK TK
Team are shipping Tk 😂
ReplyDeleteThat’s good
ReplyDeleteHow can someone even think the team are selling?
ReplyDelete