Jupiter Lianchuang releases JUP update: no token sale, 20% of tokens used for liquidity supply and community grant

On December 15th, Jupiter co-founder Meow announced the latest updates to the project on X platform, with the following key points:

1. Jupiter Project (JUP) focuses on a balanced token economy: 50% managed by the team, 50% distributed to the community;

2. There is no token sale; 20% of the tokens are used for liquidity supply and community grants;

3. Emphasis on community participation: active discussions have been reached on Discord/Reddit;

4. Ethos focuses on developing decentralized meta, establishing a secure team, and supporting the Solana ecosystem;

5. Committed to inclusivity: recognizing all stakeholders, from early supporters to new community members;

6. Plans to issue tokens in January, with an initial circulation of 15-20%; 10% from the first airdrop and 5% from liquidity supply, most or all of which will be on-chain; details on claiming and liquidity providing mechanisms will be announced in the coming weeks;

7. The long-term vision is to make Jupiter a key participant in advancing the cryptocurrency ecosystem.