EddieJayonCrypto
2 Feb 24
Amidst backlash and accusations of a disguised ICO, Jupiter's founder Meow has responded to critics of the recent JUP airdrop on Solana. He clarified that the launch liquidity pool is meant to benefit JUP holders and explained that the tokens in the pool will be withdrawn back into the team’s treasu...
Amidst backlash and accusations of a disguised ICO, Jupiter's founder Meow has responded to critics of the recent JUP airdrop on Solana. He clarified that the launch liquidity pool is meant to benefit JUP holders and explained that the tokens in the pool will be withdrawn back into the team’s treasury or used to prop up other liquidity pools after seven days. Meow emphasized that all information about the airdrop and the purpose of the launch pool was available to potential buyers before the launch.
Jupiter launched a 1 billion total JUP token airdrop, which led to criticism and accusations of being a disguised ICO. Meow responded by explaining the purpose of the launch liquidity pool and laid out the plans for the tokens in the pool after the seven-day period. He also stated that all the information potential buyers needed was available before the launch, emphasizing transparency and accessibility.
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