Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,299)
  • Analysis (1,490)
  • Bitcoin (2,072)
  • Blockchain (1,201)
  • DeFi (1,418)
  • Ethereum (1,432)
  • Event (55)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,462)
  • Press Releases (1)
  • Reddit (723)
  • Regulation (1,363)
  • Security (1,963)
  • Thought Leadership (2)
  • Uncategorized (1)
  • Videos (41)
Hand picked
  • Ethereum is consolidated against BTC – The hopes of the Altsason season go to the rupture of ETH / BTC
  • May’s crypto hacks total $244m; Sui, Cetus claw back $157m
  • Kraken ends the SOC 2 Type 2 compliance report, highlighting the commitment to institutional security
  • Stablecoin transmitter circulating $ 7,200,000,000 evaluation in the next IPO
  • Japan put pressure for a payment without cash while it tries to catch up with the rest of Asia
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»DeFi»Solana DeFi Exchange Jupiter to Revise Airdrop Plan After Voters Reject $1.6 Billion in Rewards
DeFi

Solana DeFi Exchange Jupiter to Revise Airdrop Plan After Voters Reject $1.6 Billion in Rewards

December 2, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Jupiter Airdrop Gid 7.png
Share
Facebook Twitter LinkedIn Pinterest Email


Decentralized exchange Solana (DEX) Jupiter will revise its airdrop plan after a governance proposal failed to reach a 70% supermajority, which would have led to an airdrop of JUP worth 1.6 billion dollars to users of its platforms over several waves.

Earlier this week, a Jupiter DAO proposal authored by pseudonymous Jupiter co-founder Meow went live for voting, allowing token holders to determine whether Jupiter would airdrop up to $1.6 billion in JUP on two separate airdrops apparently planned for the following January.

The proposal, which received more than more than 364 million JUP votes, received only 58% votes in favor of distributing the tokens to users.

First vote of July: conclusion and next steps

The first vote in July concluded with 58% satisfied with the basic plan and 42% uncomfortable.

364 million JUPs voted, with an astonishing 12,000 verified vote returns, many of which are long and detailed – giving us an extremely good understanding…

– meow (@weremeow) November 29, 2024

“Because we are looking for a qualified majority of 70%, we will take a second vote,” Meow said the (formerly known as Twitter). “While this uncertainty is definitely tiring and taking a toll on sentiment, it’s also crucial to remember that if we unite behind a plan, we will emerge much stronger. »

Meow and Jupiter will now go back to the drawing board, first considering comments from dissenting voters and then addressing those concerns in a new proposal, which is expected to be put to a vote next week.

“I think the idea of ​​“growing the pie” with Jupuary is brilliant. I would blindly vote ‘yes’ if the quantity was different,” the user said Juanortuzar.sol on the proposal forum.

The amount of JUP (1.4 billion tokens in total) and other factors may need to be changed for Meow and his team to get the additional support they need to get a satisfactory proposal.

JUP, the native token of the Jupiter ecosystem, is up almost 4% on the day and trading at $1.15.

Edited by Andrew Hayward

Daily debriefing Newsletter

Start each day with the biggest news stories of the day, plus original features, a podcast, videos and more.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleBlockchain will be a game changer for independent artists, says Web3 Media president
Next Article XRP Rises to Become Third Largest Cryptocurrency Amid Market Resurgence

Related Posts

DeFi

“ The doors have opened ” – How Solana Courtise Wall Street while same Flame – DL News

June 4, 2025
DeFi

Hybrid Crypto Exchange Grvt made its debut on ONCHAIN ​​retail price improvement, Pontage Defi and Tradfi

June 4, 2025
DeFi

Founder of Berabaddies: Make Defi Simple – and Cute AF

June 4, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Kenya to Host Africa’s Leading Blockchain & Crypto Conference in June 2025 

May 30, 2025

Nairobi, Kenya – May 2025 — Africa’s rapidly evolving blockchain ecosystem will take center stage…

Event

Crypto Vision Conference 2025: A Breakthrough Day for Web3 in the Philippines

May 29, 2025

Makati City, Philippines — April 26, 2025 — The AIM Conference Center was a hub…

1 2 3 … 48 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Stablecoin transmitter circulating $ 7,200,000,000 evaluation in the next IPO

June 4, 2025

Ethereum vs bitcoin? Vitalik says that BTC is gaining in simplicity and the number of nodes

June 4, 2025

Why is hyperliquid (hype) up 10% today?

June 4, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 104,760.07
ethereum
Ethereum (ETH) $ 2,616.32
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.20
bnb
BNB (BNB) $ 664.20
solana
Solana (SOL) $ 155.03
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.188818
tron
TRON (TRX) $ 0.273248
cardano
Cardano (ADA) $ 0.669379