“While alternative methods offered easier financial gain, we chose this path to prioritize airdrop recipients and future buyers. By accepting risk and lowering the sale ratio, we aim to establish a fair market dynamic that benefits everyone, not just the team. This experiment could redefine launch models for the entire crypto ecosystem.”
Minimal Financial Gain
Jupiter co-founder Meow responded to community concerns regarding the large-scale public sale of tokens by the team on their listing day. He clarified several key points:
Reduced Sale Ratio: The initial 20% sale was decreased to 2.5%, demonstrating the team’s commitment to minimizing their immediate financial gain.
Alternative Options Available: Traditional methods like IDO or OTC sales could have secured similar funding without the public confusion surrounding the current approach.
Benefits for Airdrop Recipients: The large public pool allows airdrop holders to gradually sell their tokens without crashing the market. Meanwhile, buyers have assurance of sufficient liquidity to accommodate potential selling pressure.
A User-Cenric Approach to Token Launches
Team Takes Risk: Unlike traditional sales, the team faces uncertainty regarding their final earnings, prioritizing the community and early adopters.
Market Forces, Not Team, Set High Value: Despite lowering the offering from 20% to 2.5%, the actual price is determined by market demand.
Experiment for the Future: Jupiter aims to establish a user-centric approach to token launches, balancing team needs, early buyers, and long-term holders. They acknowledge potential flaws and embrace experimentation for the benefit of the entire crypto ecosystem.