Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Jupiter's performance on Reddit is far below expectations, and the founder said most of the funds have been returned to the DAO

Jupiter's performance on Reddit is far below expectations, and the founder said most of the funds have been returned to the DAO

Bitget2024/08/23 06:14

ChainCatcher message, @RequiemSolana pointed out on social media that the JUP holders of the Jupiter platform voted and approved a "Reddit Working Group" proposal in May this year. This working group is committed to empowering the Jupiter community and conducting public relations operations for the platform on Reddit. The budget is $68,000 per quarter (equivalent to $272,000 per year). However, four months have passed, and the subreddit operated by the working group only has 6 active users, including administrators, with an average comment count of 1. This represents a customer acquisition cost of $11,000 per user and extremely low participation.

Jupiter founder Meow subsequently responded that this workgroup has actually stopped operating already and has returned unused funds of $45,000 to DAO (which will be officially announced soon). In fact, this workgroup did make many interesting and meaningful attempts.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!