In line with its first-ever community conference, Solana-based decentralized exchange (DEX) Jupiter created surprising advancements for its team and its native token, $JUP.
What’s the significance? The announcements were seen as a big help to the long-term establishment of Jupiter as a platform and $JUP token.
Key Details: The announcements were made during the Catstanbul 2025, the community conference organized by Jupiter, which happened from January 25 to 26, 2025, in Istanbul, Turkey.
- The DEX’s founder, Meow, delivered the event’s opening speech.
- The event was also streamed live on X so other community members can learn from the community meetup.
Making $JUP the GOAT Token.
— Jupiter 🪐 (@JupiterExchange) January 26, 2025
Announcement #1: $JUP Burn Plans
Eyeing to make $JUP be the “most GOATed token,” Meow reminded the event participants about Jupiter’s inintial plan to burn 3 billion $JUP.
Key Quote:
“We want to really connect the entire world and it’s not going to be easy. We need a lot of incentives, we need a lot of capital, we need a lot of funds. The goal is simple, we need $JUP to be that firepower.”
Meow, Founder, Jupiter Exchange
Announcement #2: Fees as Buy Back $JUP
Meoww also announced that they are targeting 50% of the fees paid for platform transactions to be used as a buyback to $JUP, which will be held in the “long-term litterbox.”
- Meanwhile, the remaining 50% will be allocated for “growth, future strategy, and full operational stability.”
Key Quote:
“I strongly believe that the value of a token is not anchored in buybacks, despite what others might tell you. The value of a token is anchored in community. Remember, every coin is a meme coin.”
Meow, Founder, Jupiter Exchange
Announcement #3: Jupiter Acquire MoonShot
Lastly, the first announcement made during the event was about Jupiter acquiring a majority stake in MoonShot, a Solana-based self-regenerating automatic liquidity-providing protocol that rewards holders by distributing 4% of each transaction and adding 6% to the liquidity pool.
This article is published on BitPinas: Jupiter Exchange Announces Big Moves for $JUP as Founder Meow Reveals Identity
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