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Recently, meow, the co-founder of the Jupiter project, responded on social media to the community's concern about the "200,000 unissued JUP Tokens" issue. Meow stated that his and the other founders' personal funds are locked and cannot access liquidity until 2030. He admitted to making mistakes in communicating with the community over the past year, and although he has taken various measures to show accountability, the community seems more focused on the unissued Token budget.
meow admitted that despite various locking and burning operations, these efforts seem to have not received full recognition from the community. Instead, discussions about the unallocated budget of 200,000 JUP Tokens are heating up.
In light of the current situation, meow stated that the focus of work in the coming months will be on strengthening product development. He plans to engage in in-depth discussions with the DAO and the community after consolidating the product. At present, he indicated that he cannot make specific commitments for the future.
This response has sparked discussions within the industry regarding the governance of decentralized projects and the transparency of token distribution. Some analysts believe that in web3 projects, how to balance project development, team incentives, and community interests remains a topic that needs continuous exploration. Effective communication and trust-building between the project team and the community are crucial for the long-term development of the project.
At the same time, this event highlights the increasing demand for project transparency in the cryptocurrency market. Investors and community members are paying more and more attention to the details of the project's Token distribution and future plans. How to protect the interests of the core team while meeting the community's demand for information transparency has become a common challenge faced by many blockchain projects.