Jupiter Decentralized Exchange to Revise Airdrop Plan After Governance Vote

Jupiter DEX to Reevaluate Airdrop Strategy

Governance Vote Falls Short

Jupiter, a decentralized exchange (DEX) running on the Solana blockchain, will be making changes to its proposed airdrop strategy following an unsuccessful governance vote.

Revised Airdrop Proposal on the Horizon

The initial proposal, which aimed to distribute $1.6 billion worth of JUP tokens across two upcoming airdrops, did not obtain the necessary 70% supermajority support, receiving only 58% approval from participants.

Following the outcome of the vote, Jupiter co-founder Meow announced plans for a second vote, acknowledging the need to address concerns raised by dissenting voters.

Community Engagement High, But Opposition Present

Key Insights from Voter Feedback

With over 364 million JUP tokens involved in the vote, the community engagement was significant. However, 42% of voters expressed opposition, highlighting a lack of consensus on the scale and structure of the proposed airdrop.

Meow emphasized the importance of finding common ground, stating, “If we do unify behind a plan—we will emerge far stronger.”

Suggested Changes for Next Proposal

Feedback from voters indicated general support for the airdrop concept but concerns regarding the token quantity. Recommendations for adjustments to the distribution plan will likely be considered in the upcoming proposal.

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