Jupiter Co-founder Meow: Token burning is an important gesture for restarting and showing commitment to token holders. Community reset is a necessary step that must be promoted.
Golden Finance reports that Jupiter community member @MINHxDYNASTY praised the project, saying, “Jupiter has changed the 30-day unlock staking period to 7 days, and made significant changes like reducing the DAO.” Jupiter co-founder meow responded on X (formerly Twitter), saying, “That’s correct, and thank you very much for this message — your judgment is 90% on point. The past few months have indeed been particularly tough, but as you said, sometimes you have to seriously reevaluate what isn’t working and then readjust your strategy.
I want to say that the issue isn’t that things are considered ‘after the fact,’ but rather that we’ve tried too many directions, and these attempts haven’t created a synergistic effect for the product and the community.
Regarding the token burn, I personally feel regretful, but for token holders, it’s an important move to restart the relationship between both sides.
I’m also saddened by the community restructuring, but it’s a necessary step — though I should have expressed my gratitude to you earlier.
Looking ahead, we need to create a highly synergistic positive cycle between token holders, product growth, and community development.
Currently, I’m close to wrapping up a lot of work on team operations and product strategy — these will be my main focus moving forward.”
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Jupiter Co-founder Meow: Token burning is an important gesture for restarting and showing commitment to token holders. Community reset is a necessary step that must be promoted.
Golden Finance reports that Jupiter community member @MINHxDYNASTY praised the project, saying, “Jupiter has changed the 30-day unlock staking period to 7 days, and made significant changes like reducing the DAO.” Jupiter co-founder meow responded on X (formerly Twitter), saying, “That’s correct, and thank you very much for this message — your judgment is 90% on point. The past few months have indeed been particularly tough, but as you said, sometimes you have to seriously reevaluate what isn’t working and then readjust your strategy.
I want to say that the issue isn’t that things are considered ‘after the fact,’ but rather that we’ve tried too many directions, and these attempts haven’t created a synergistic effect for the product and the community.
Regarding the token burn, I personally feel regretful, but for token holders, it’s an important move to restart the relationship between both sides.
I’m also saddened by the community restructuring, but it’s a necessary step — though I should have expressed my gratitude to you earlier.
Looking ahead, we need to create a highly synergistic positive cycle between token holders, product growth, and community development.
Currently, I’m close to wrapping up a lot of work on team operations and product strategy — these will be my main focus moving forward.”