In the TechFlow update on February 25, Jupiter founder meow revealed that the project has undergone a series of recruitment and acquisition activities in the past year, including two undisclosed acquisitions. meow stated that Jupiter will establish the Litterbox Trust, committing to programmatically transfer 50% of the protocol revenue into the trust over the next two years for strategic accumulation of JUP Token.
In addition, meow has proposed the “2030 Proposal”, planning to use all of his personal allocation (280 million JUP) to provide JUP incentives to new team members, and will only obtain 5 billion JUP (including 2.2 billion JUP rewards) from the community reserve in 2030. If the community is dissatisfied with his performance, the DAO can veto the reward. Meow also announced a comprehensive audit of the founder and project funds, with @wassielawyer assisting in selecting the audit party, and the audit results will be published on the upcoming jup.com website.
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Jupiter founder revealed completing two undisclosed acquisitions in the past year, planning to establish Litterbox Trust to manage protocol revenue
In the TechFlow update on February 25, Jupiter founder meow revealed that the project has undergone a series of recruitment and acquisition activities in the past year, including two undisclosed acquisitions. meow stated that Jupiter will establish the Litterbox Trust, committing to programmatically transfer 50% of the protocol revenue into the trust over the next two years for strategic accumulation of JUP Token.
In addition, meow has proposed the “2030 Proposal”, planning to use all of his personal allocation (280 million JUP) to provide JUP incentives to new team members, and will only obtain 5 billion JUP (including 2.2 billion JUP rewards) from the community reserve in 2030. If the community is dissatisfied with his performance, the DAO can veto the reward. Meow also announced a comprehensive audit of the founder and project funds, with @wassielawyer assisting in selecting the audit party, and the audit results will be published on the upcoming jup.com website.