Jupiter Lianchuang: Will not give JUP more functions besides governance for the purpose of "pushing the market"

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Cointime2023/12/28 02:58

By:Cointime

Meow, co-founder of Jupiter, stated during an AMA in Solana Reddit community that JUP will not be given more utility just for the sake of "pumping" the price, as JUP is only a governance token for Jupiter.Meow further added that they do not subscribe to the narrative of "token utility driving value", which only arose because project founders were eager to explain why their token has value, but in reality, most people do not care about utility, they only care about value. However, endless focus on utility often leads to numerous incorrect decisions, and the project will endlessly study token economics, which may eventually lead to a short-term spike in the token's value, but it will eventually fall back down.

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.

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