Jupiter Founder Defends JUP Airdrop After Extremely Anticipated Launch Noticed Backlash

Meow, the pseudonymous founding father of Solana DEX aggregator Jupiter, has responded to criticisms of the challenge’s large JUP airdrop.

Meow refuted these claims, explaining that the 250 million JUP launch liquidity pool established by the crew was meant to profit JUP holders. He emphasised that every one details about the launch pool was publicly accessible earlier than the airdrop and that customers had the chance to know the small print earlier than claiming their tokens.

Based on Meow, the launch liquidity pool will likely be accessible for seven days, permitting anybody to promote their JUP tokens into it. After that, the remaining tokens within the pool, each JUP and USDC, will likely be withdrawn again into the crew’s treasury or used to help different liquidity swimming pools.

Meow argued that this method is honest to JUP holders, because it permits the crew to reveal the worth of the token. For individuals who disagree with Jupiter’s method or should not glad with Meow’s clarification, Meow said that they’ll merely promote their tokens into the launch pool whereas it stays lively.

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