Jupiter co-founder meow: Token burn is an important gesture of restarting and showing commitment to token holders, and community reset is a necessary task to advance.
Jinse Finance reported that in response to Jupiter community member @MINHxDYNASTY's post praising "Jupiter for changing the 30-day staking unlock period to 7 days, DAO downsizing, and other major changes," Jupiter co-founder meow responded on X, saying, "That's right, thank you very much for your message — your judgment is 90% accurate. The past few months have indeed been particularly tough, but as you said, sometimes you have to seriously examine what isn't working and then readjust your strategy. I want to say, the problem is not that things were considered 'after the fact,' but rather that we really tried too many directions, and these attempts did not bring synergistic development to the product and community. Regarding this token burn, I personally feel deeply regretful, but for token holders, it is an important gesture to restart the relationship between both parties. I am also saddened by the community restructuring, but it is also a necessary task to push forward — however, I should have thanked you properly a long time ago. Looking ahead, we need to create a highly synergistic virtuous cycle between token holders, product growth, and community development. Currently, I am close to finishing a lot of work on team operations and product strategy — going forward, these two areas will be my main focus."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A new wallet bets on ZEC and earns $2.7 million in three days, with a liquidation price of $373.13
Data: USDe issuance has dropped below 9 billion, shrinking by nearly 6 billion from its peak.
